In this issue of NERA’s Energy Market Insights, Sean Gammons and Richard Druce illustrate the problems encountered in valuing generation assets in illiquid markets, using the Polish power market as an example. The authors describe recent trends in the Polish market and illustrate how different hypotheses about market evolution affect the valuation of hard coal plants. Their analysis points out that such issues are not unique to Poland and offers insights relevant to other emerging power markets.

Click here to read more issues of NERA’s Energy Market Insights.