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The development in the energy sector in Europe during the last decade results in a large gap of installed generation capacity which needs to be closed up in the near future. Furthermore the deregulation process put a high cost pressure on generation and trading companies and increased the uncertainties of planning processes. Therefore adequate methods to support investors in their decision process...
Due to the increased cost pressure on power generation and trading companies, caused by the operation in the free market for electrical energy, a cost-efficient management of the risks becomes more important. As a result of the liberalization of the power markets the companies are exposed to higher uncertainties within the power generation and trading planning, e.g. the volatility of the electrical...
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