This chapter examines the process of evaluating the future trading options for a power station complex and its potential worth in support of investment decisions. It advances a structured process to review and evaluate the risks. It discusses the ongoing process of trading taking account of key variables.

Chapter Contents:

• 17.1 Trading options
• 17.2 Trading process
• 17.3 Data forecasts
• 17.4 System dispatch
• 17.5 Value at risk
• 17.6 Arbitrage spark spread
• 17.7 Statistical forecasting
• 17.8 Optimum day-ahead bid
• 17.9 Part load operation
• 17.10 Conclusions

Inspec keywords: power generation dispatch; commerce; power generation economics

Other keywords: future trading options; uncertain environment; investment decisions; trading process; power station complex; risk evaluation

Subjects: Generating stations and plants; Power system management, operation and economics