This case study demonstrates how to use MATLAB for establishing measured natural gas operation rights in power plant portfolios, with risk assessment applications for New England power plants. The implementation involves MATLAB integration with Excel for comprehensive interface analysis. The application enables users to specify characteristics for 7 plant types, including capacity, heat rate, variable operations/maintenance costs, and minimum runtime parameters. Portfolio profitability and unit operation history can be backtested using simple dispatch strategies against historical natural gas and electricity prices. Risk metrics are computed through simulations implemented in MATLAB using gas and hybrid models, which simulate market prices for each dispatch scenario and calculate cash flows generated from plant operations based on projected electricity prices.
MATLAB
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