Dr. Anna Hnydiuk-Stefan
Opole University of Technology, Poland.

Speech title: Strategy of investment in electricity sources. Market value of a power plant and the electricity market.

Abstract: This paper reports the results of the investment strategy analysis in different electricity sources. New methodology and theory of calculating the market value of the power plant and value of the electricity market supplied by it is presented. The financial gain forms the most important criteria in the assessment of an investment by an investor. An investment strategy has to involve a careful analysis of each considered project in order that the right decision and selection will be made while various components of the projects will be considered. The latter primarily include the aspects of risk and uncertainty. Profitability of an investment in the electricity sources (as well as others) is offered by the measures applicable for the assessment of the economic effectiveness of an investment based on calculations e.g. power plant market value and the value of the electricity that is supplied by a power plant. The values of such measures decide on an investment strategy in the energy sources. Paper contains analysis of exemplary calculations results of power plant market value and the electricity market value supplied by it.