标题：Generation investment evaluation in emission trading environment
作者：Ji, X. Q.; Wen, F. S.; Xue, Y. S.; Liu, Z. P.
作者机构：[Ji, X. Q.] Shandong Univ Sci & Technol, Qingdao 266510, Peoples R China.; [Wen, F. S.] Zhejiang Univ, Hangzhou 310027, Peoples R China.; [Xue, Y. 更多
通讯作者地址：[Ji, XQ]Shandong Univ Sci & Technol, Qingdao 266510, Peoples R China.
来源：IET GENERATION TRANSMISSION & DISTRIBUTION
摘要：Generation investment decision-making is a very complicated problem in the electricity market environment because of various kinds of uncertainties. The enforcement of the emissions trading scheme will make the problem even more complicated, especially for coal-fired generation units. Given this background, a new approach is developed for evaluating the value of a generation investment project in the electricity market environment with emission trading enforced. A real option-based model for this purpose is proposed, and the project value and optimal investment timing are obtained by employing the least-square Monte-Carlo method. The impacts of market factors and the regulation policy upon generation investment decision-making are illustrated by numerical examples in different scenarios.