References in periodicals archive ?
Its EBITDA margin (12% in 1H 2011) depends on efficient Kostromskaya GRES, which produces 40% of company electricity and has the highest spark spread (selling price of 1 kWh minus cost of fuel needed to produce it) among company assets thanks to lowest fuel use (306 g/kWh).
A sampling of topics: control systems identification in finance and economics, a neural network approach to option pricing, hedge fund portfolio selection with modified expected shortfall, looking for short term signals in stock market data, and modeling spark spread option and power plant evaluation.
The spark spread is the difference in cost between electrical power and fuel.
Risk exposures: Volatility in the natural gas market, pricing instability for electric energy, capacity and ancillary services; narrowing of the spark spread (the difference between the market price of electricity and its cost of production) in most regions of the United States in which the company operates generation facilities; market contraction; reduced liquidity in the U.
The spark spread last year was very profitable for power generators supplying the western U.
Natural gas prices are, however, expected to increase only moderately compared to electricity prices, resulting in positive spark spread and high investments in the CHP market.
With a high spark spread, the multi-unit-residential market in the five boroughs is a logical fit for our energy efficient technology and a great solution for our customers there.
Reflects the simple average of the spark spread available to a 7.
However, the volatility in the price of natural gas and the resulting poor spark spread has caused several end users to withhold investments in cogeneration equipment such as gas turbines until a more favorable politico-economic climate is achieved.
West: Despite on-peak spark spreads in California settling substantially lower for the three months ended September 30, 2009, compared to the same period in 2008, Commodity Margin in our West region increased in the third quarter of 2009 primarily as a result of higher hedge prices and, although spark spreads were lower overall, the higher market heat rate component of spark spread where we had hedged the corresponding open natural gas position.
But must-run capacity, such as from combined heat and power plants or power plants providing balancing energy, prevented gas-fired and coal-fired plants from shutting down to 0MW capacity when renewable power generation was high and clean dark and spark spreads were negative.