The Problem of Determining the Energy Mix: from the Portfolio Theory to the Reality of Energy Planning in the Spanish Case

Use este enlace para citar
http://hdl.handle.net/2183/39916
A non ser que se indique outra cousa, a licenza do ítem descríbese como Atribución 4.0 Internacional (CC BY)
Coleccións
- Investigación (FEE) [923]
Metadatos
Mostrar o rexistro completo do ítemTítulo
The Problem of Determining the Energy Mix: from the Portfolio Theory to the Reality of Energy Planning in the Spanish CaseData
2012Cita bibliográfica
De Llano Paz, F., Calvo Silvosa, A. & Portos García, M. (2012). The Problem of Determining the Energy Mix: from the Portfolio Theory to the Reality of Energy Planning in the Spanish Case, European Research Studies Journal Volume XV Issue 4, 3-30. https://doi.org/10.35808/ersj/369
Resumo
[Abstract] This paper deals with the problem of defining efficient portfolios of electricity production assets using the Portfolio Theory, that is to say, by applying the return-risk
analysis not to a single asset (e.g. a power station, a wind farm, a combined cycle gas plant), but to the set of technologies operating in a territory at a definite time. First of all, we study to what extent this methodological approach can be implemented to solve the problem of defining efficient sets of power production technologies, considering the fact that the
Portfolio Theory was initially proposed in the field of financial investment. We focus on the
main concepts of this framework (return, risk and diversification) and its uses in the energy
mix context. Second, the evolution of the Spanish generation mix during the ten year period
2001-2010 is analysed according to two different variables: capacity and produced energy.
Furthermore, we pay attention to the Spanish Government 2020 energy planning and
compare it with several scenarios suggested using different patterns observed during 2001-
2010 period. Finally, the most important conclusions are drawn and some lines of future
research are proposed.
Palabras chave
Energy
Portfolio
Energy production
Investment diversification
Security of supply
Portfolio
Energy production
Investment diversification
Security of supply
Versión do editor
Dereitos
Atribución 4.0 Internacional (CC BY)
ISSN
1108-2976