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Durham University

Durham Energy Institute

Past Events

Find out about some of the previous events held by Durham Energy Institute:

Impact of CCS technologies on the future UK generating portfolios

19th June 2014, 13:00 to 14:00, PCL050 (in the Law end of the Palatine Centre

Analysing the tradeoffs between overall costs and overall risksof a mix of generation technologies for long-term electricity generation.

Suriya Ruangpattana and Jim Watson (SPRU—Science and Technology Policy Research, University of Sussex, UK)

 

This presentation involves a mean-variance portfolio (MVP) analysis of future UK generating portfolios that may include significant contributions of carbon capture and storage technologies. The MVP optimization, or fuel diversification approach implies the selection of a mix of generation technologies for long-term electricity generation to explore the tradeoffs between overall costs and overall risks. The approach entails a mathematical method for determining the optimal mix of multiple fuels and generation technologies that minimizes average system cost and the volatility of cost. Results from the method will help to understand the cost and risk profile of the generating portfolios for the UK as a whole rather than considering individual generating plant options such as CCS in isolation.