Abstract

Unregulated electricity markets have shifted to a five minute time period. Generation asset (GA) valuation calculations do not take these changes and several emerging factors into account when valuing electricity GAs. A dynamic Levelized Cost of Electricity (d-LCOE) was developed to accommodate the dynamics of the electrical power markets. In addition, traditional multi-objective optimization methods have been modified to include nontraditional stakeholder parameters in valuing a project, both from a parametric sensitivity and constraint point of view. Factors are integrated into a traditional LCOE to include inputs from stakeholders such that the application of the model can be geographically accommodated and technology agnostic [12]. By aggregating factors into costs and revenues, a generic valuation framework is posed to compare different technologies in situations where nontraditional inputs can be considered by decisionmakers for financing novel power generation.

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