Template-Type: ReDIF-Article 1.0
Author-Name:  Filippos Ioannidis, Kyriaki Kosmidou, Iordanis Kalaitzoglou, Kostas Andriosopoulos, and Emilios Galariotis
Title:  Investing in Bridging Fuels: The Unit Commitment Problem of Public vs. Private Ventures
Classification-JEL: F0
Volume:  Volume 44
Issue:  Number 1
Year:  2023
Abstract:  This paper presents an extensive comparison between public and private natural gas-fired units in managing the unit commitment problem in the context of the Greek electricity market. Using a unique hourly dataset from 20152019, our approach utilizes risk-weighted performance metricsCash Flows at Risk (CFaR) and Risk Weighted Return (RWR)to analyze performance across the public and private units. Empirical findings indicate that publicly owned natural gas-fired units outperform privately owned natural gas-fired units in terms of operational efficiency, however the efficiency of privately owned natural gas-fired units is growing at a faster pace and is expected to surpass the efficiency of public units within 2 or 3 years.
Handle: RePEc:aen:journl:ej44-1-Kosmidou
File-URL: http://www.iaee.org/en/publications/ejarticle.aspx?id=3930
File-Format: text/html
File-Restriction: Access to full text is restricted to IAEE members and subscribers.