Publications and working papers
- A. Kleiven, S. Nadarajah, S.-E. Fleten, 2024, Hierarchical Planning for Hydropower Capacity Upgrade: Exploiting Structure in Reoptimization and Investment Policies, Available at SSRN
- S. Risanger, S. Bakker, S.-E. Fleten, A. Tomasgard, 2024, Flexible Electricity Market Clearing Zones, Available at SSRN
- E. Dimanchev, S.-E. Fleten, S. Gabriel and M. Korpås, 2024, Effects of Electricity Sector Climate Policies in a Second-best World of Missing Risk Markets, Energy Findings, March
- D. Qorbani, H. P. L. M. Korzilius, S.-E. Fleten, 2024, Ownership of battery electric vehicles is uneven in Norwegian households, Nature Communications Earth & Environment, Accepted
- K. Miskiw, E. Kraft, S.-E. Fleten, 2023, Coordinated Bidding in Sequential Electricity Markets: Effects of Price-Making, Available at SSRN
- A. Kleiven, S. Risanger, S.-E. Fleten, 2023, Co-movements between forward prices and resource availability in hydro-dominated electricity markets, Energy Systems, available online August 2023
- H. S. Grini, A. S. Danielsen, S.-E. Fleten, A. Kleiven, 2023, A stochastic policy algorithm for seasonal hydropower planning, Energy Systems, available online August 2023
- E. Dimanchev, S.-E. Fleten, D. MacKenzie and M. Korpås, 2023, Accelerating electric vehicle charging investments: A real options approach to policy design, Energy Policy 181, 113703
- M. Haugen, H. Farahmand and S. Jaehnert, S.-E. Fleten, 2023, Representation of uncertainty in market models for operational planning and forecasting in renewable power systems: A review, Energy Systems, available online July 2023
- J. Dimoski, S.-E. Fleten, N. Löhndorf, S. Nersten, 2023, Dynamic hedging for the real option management of hydropower production with exchange rate risks, OR Spectrum 45, 525-554
- M. Dietze, I. Chavarry, A. Freire, D. Valladao, A. Street, S.-E. Fleten, 2023, A novel semiparametric structural model for electricity forward curves, IEEE Transactions on Power Systems 38(4), 3268-3278
- R. Nagy, S.-E. Fleten, L. Sendstad, 2023, Don't stop me now: Incremental capacity growth under subsidy termination risk, Energy Policy 172, 113309
- A. S. Bringedal, A.-M. L. Søvikhagen, E. K. Aasgård, S.-E. Fleten, 2023, Backtesting coordinated hydropower bidding using neural network forecasting, Energy Systems 14, 847-867
- G. Klæboe, J. Braathen, A. L. Eriksrud, S.-E. Fleten, 2022, Day-ahead market bidding taking the balancing power market into account, TOP 30, 683-703.
- E. M. Dønnestad, S.-E. Fleten, A. Kleiven, M. Lavrutich, A. M. Teige, 2022, A real options analysis of existing green energy facilities: maintain or replace?, Energy Systems
- S. Bakker, A. Kleiven, S.-E. Fleten, A. Tomasgard, 2021, Mature offshore oil field development: Solving a real options problem using stochastic dual dynamic integer programming, Computers & Operations Research 136
- S. Westgaard, S.-E. Fleten, A. Negash, A. Botterud, K. Bogaard and T. H. Verling, 2021, Performing price scenario analysis and stress testing using quantile regression: A case study of the Californian electricity market, Energy 214
- S. Risanger, S. Gabriel, S.-E. Fleten, 2020, Inverse Equilibrium Analysis of Oligopolistic Electricity Markets, IEEE Transactions on Power Systems 35(6), 4159-4166
- A. Trivella, S. Nadarajah, S.-E. Fleten, D. Mazieres, D. Pisinger, 2020, Managing Shutdown Decisions in Merchant Commodity and Energy Production: A Social Commerce Perspective, MSOM, Online May 2020
- S.-E. Fleten, E. Haugom, A. Pichler, C. J. Ullrich, 2020, Structural Estimation of Switching Costs for Peaking Power Plants, European Journal of Operational Research 285(1), 23-33
- M. Kozlova, S.-E. Fleten, V. Hagspiel, 2020, Optimal timing and capacity choice under the rate-of-return renewable energy support, MethodsX 7,
- S.-E. Fleten, E. Haugom, A. Pichler, C. J. Ullrich, 2019, Observed switches and derived profitability indicators for peaking power plants: Northeast U.S. 2001–2009, Data in Brief, vol 25, August 2019
- M. Kozlova, S.-E. Fleten, V. Hagspiel, 2019, Investment timing and capacity choice under rate-of-return regulation for renewable energy support, Energy 174(1), 591-601. DOI link.
- H. K. Brøndbo, A. Storebø, T. K. Boomsma, C. Skar, S.-E. Fleten, 2019, A real options approach to generation capacity expansion in imperfectly competitive power markets, in press, Energy Systems. DOI link.
- H. L. Ødegård, J. Eidsvik, S.-E. Fleten, 2019, Value of Information Analysis of Snow Measurements for the Scheduling of Hydropower Production, Energy Systems 10(1), 1-19
- K. Støre, S.-E. Fleten, V. Hagspiel, C. Nunes, 2018, Switching from oil to gas production in a depleting field, European Journal of Operational Research 271(2), 710-719
- H. Kongelf, K. Overrein, G. Klæboe, S.-E. Fleten, 2018, Portfolio size’s effects on gains from coordinated bidding in electricity markets, Energy Systems 10(3), 567-591
- E. K. Aasgård, S.-E. Fleten, M. Kaut, K. Midthun, G. A. Perez-Valdes, 2018, Hydropower bidding in a multi-market setting, Energy Systems 10(3), 543-565
- S. Ottesen, A. Tomasgard, S.-E. Fleten, 2018, Multi market bidding strategies for demand side flexibility aggregators in electricity markets, Energy 149, 120-134. Earlier version.
- S.-E. Fleten, J. Mauritzen, C. J. Ullrich, 2018, The Other Renewable: Hydropower Upgrades and Renewable Portfolio Standards, The Energy Journal 39(2)
- M. Kristiansen, H. G. Svendsen, M. Korpås, S.-E. Fleten, 2017, Multistage grid investments incorporating uncertainty in offshore wind development, Energy Procedia 137, 468-476
- M. Hustveit, J. S. Frogner, S.-E. Fleten, 2017, Tradable green certificates for renewable support: The role of expectations and uncertainty, Energy 141, 1717-1727
- S.-E. Fleten, E. Haugom, C. J. Ullrich, 2017, The Real Options to Shutdown, Startup, and Abandon: U.S. Electricity Industry Evidence, Energy Economics 63, 1-12 Available here also.
- R. Egging, S.-E. Fleten, I. Grønvik, A. Hadziomerovic, N. Ingvoldstad, 2017, Linear Decision Rules for Hydropower Scheduling Under Uncertainty, IEEE Transactions on Power Systems 32(1), 103-113
- M. Chronopoulos, V. Hagspiel, S.-E. Fleten, 2017, Stepwise investment and capacity sizing under
uncertainty, OR Spectrum 39:447-472
- S.-E. Fleten, K. Linnerud, P. Molnar, M. T. Nygaard, 2016, Green electricity investment timing in practice: Real options or net present value?, Energy 116(1), 498-506
- I. Bakke, S.-E. Fleten, L.I. Hagfors, V Hagspiel and B. Norheim, 2016, Investment in Mutually Exclusive Transmission Projects under Policy Uncertainty, Journal of Commodity Markets 3(1), 54-69
- I. Bakke, S.-E. Fleten, L. I. Hagfors, V. Hagspiel, B. Norheim, S. Wogrin, 2016, Investment in Electric Energy Storage Under Uncertainty: A Real Options Approach, Computational Management Science 13(3), 483-500
- M. Chronopoulos, V. Hagspiel, S.-E. Fleten, 2016, Stepwise Green Investment under Policy Uncertainty, The Energy Journal 37(3)
- S. Ottesen, A. Tomasgard, S.-E. Fleten, 2016, Prosumer bidding and scheduling in electricity markets, Energy 94, 828-843
- S. V. Braaten, O. Gjønnes, K. Hjertvik, S.-E. Fleten, 2016, Linear Decision Rules for Seasonal Hydropower Planning: Modelling Considerations, Energy Procedia 87, 28-35
- S. Seguin, S.-E. Fleten, P. Cote, A. Pichler, C. Audet, 2016, Stochastic short-term hydropower planning with inflow scenario trees, European Journal of Operational Research 259(3), 1156-1168
- M. Kilic, S.-E. Fleten, R. Huisman, E. Pennings, S. Westgaaard, 2015, Electricity futures prices: time varying sensitivity to fundamentals, Journal of Energy Markets 8(4), 1-22
- E. N. Alnæs, R. B. Grøndahl, T. K. Boomsma, S.-E. Fleten, 2015, Insights from Actual Day-Ahead Bidding of Hydropower, International Journal of Sustainable Energy Planning and Management 7, 34-54
- F. Paraschiv, S.-E. Fleten, M. Schürle, 2015, A spot-forward model for electricity prices with regime shifts, Energy Economics 47, 142-153
- S.-E. Fleten, L. A. Hagen, M. T Nygård, R. Smith-Sivertsen, J. M. Sollie, 2015, The overnight risk premium in electricity forward contracts, Energy Economics 49, 293-300.
- G. Klæboe, A. Eriksrud, S.-E. Fleten, 2015, Benchmarking time series based forecasting models for electricity balancing market prices, Energy Systems 6(1), 43-61, Published Online December 2013. Available here also.
- K. Linnerud, A.M. Heggedal, S.-E. Fleten, 2014, Investment timing under uncertain renewable energy policy: An empirical study of small hydropower projects, Energy 78, 154-164
- T. K. Boomsma, N. Juul, S.-E. Fleten, 2014, Bidding in sequential electricity markets: The Nordic case, European Journal of Operational Research 238(3), 797-809.
- E. K. Aasgård, Andersen, G.S., Fleten, S.-E., Haugstvedt, D., 2014, Evaluating a Stochastic-Programming-Based Bidding Model for a Multireservoir System, IEEE Transactions on Power Systems, 29(4), 1748-1757.
- A. M. Andersson, M. Elverhøi, S.-E. Fleten, S. Fuss, J. Szolgayova, O.-C.Troland, 2014, Upgrading hydropower plants with storage: timing and capacity choice, Energy Systems 5(2), 233-252, Available here also,
- S.-E. Fleten, T. T. Lie, 2013, A stochastic game model applied to the Nordic electricity market, In Stochastic Programming: Applications in Finance, Energy, Planning and Logistics, H. I. Gassmann, W. T. Ziemba (eds), 421-441
- G. E. Sanda, E. T. Olsen, S.-E. Fleten, 2013, Selective hedging in hydro-based electricity companies, Energy Economics 40, 326-338.
- Ø. Arvesen, V. Medbø, S.-E. Fleten, A. Tomasgard, S. Westgaard, 2013, Linepack storage valuation under price uncertainty, Energy 52(1), 155-164. Available here also.
- T. K. Boomsma, N. Meade, S.-E. Fleten, 2012, Renewable energy investments under different support schemes: A real options approach, European Journal of Operational Research 220(1), 225-237
- T. K. Boomsma, S.-E. Fleten, 2012, Discussion on: ’Profit Maximization of a Power Plant’, European Journal of Control 18(1), 55-57
- S.-E. Fleten, J. Keppo, E. Näsäkkälä, 2012, Risk management in electric utilities, in Handbook for Integrated Risk Management in Global Supply Chains, P. Kouvelis, L. Dong, O. Boyabatli, R. Li (eds), Wiley, p. 495-513
- S.-E. Fleten, D. Haugstvedt, J. A. Steinsbø, M. M. Belsnes, F. Fleischmann, 2011, Bidding hydropower generation: Integrating short- and long-term scheduling, Proceedings - 17th Power Systems Computations Conference PSCC 2011 (1), 352-358.
- S.-E. Fleten, V. Gunnerud, Ø. D. Hem, A. Svendsen, 2011, Real Option Valuation of Offshore Petroleum Field Tie-ins, Journal of Real Options 1, 1-17
- S.-E. Fleten, A. M. Heggedal, A. Siddiqui, 2011, Transmission Capacity Between Norway and Germany - a Real Options Analysis, Journal of Energy Markets 2011 4(1), 121-147
- J. Husebye, R. Anantharaman, S.-E. Fleten, 2011, Techno-economic Assessment of Flexible Solvent Regeneration & Storage for Base Load Coal-Fired Power Generation with Post Combustion CO2 Capture, Energy Procedia 4, 2612-2619
- E. T. Faria and S.-E. Fleten, 2011, Day-Ahead Market Bidding for a Nordic Hydropower Producer: Taking the Elbas Market into Account. Computational Management Science 8(1-2),75-101
- S.-E. Fleten, E. Bråthen, S.-E. Nissen-Meyer, Evaluation of static hedging strategies for hydropower producers in the Nordic market, Journal of Energy Markets 4(3), 1-28, 2010.
- S.-E. Fleten, K. Lien, K. Ljønes, A. Pages-Bernaus, M. Aaberg, Value Chains for carbon storage and enhanced oil recovery: optimal investment under uncertainty. Energy Systems 1(4), 457-470, 2010.
- A. Siddiqui and S.-E. Fleten, 2010, How to Proceed with Competing Alternative Energy Technologies: a Real Options Analysis, Energy Economics 32(4), 817-830.
- S.-E. Fleten, E. Näsäkkälä, 2010 Gas Fired Power Plants: Investment Timing, Operating Flexibility and CO2 capture, Energy Economics 32(4), 805-816
- M. Povh, R. Golob, S.-E. Fleten Modelling the Structure of Long-Term Electricity Forward Prices at Nord Pool, in Handbook of Power Systems II, S. Rebennack, P. M. Pardalos, M. V. Pereira and N. A. Iliadis (eds), Springer, 2010, 189-212
- S.-E. Fleten and G. Ringen, 2009, New renewable electricity capacity under uncertainty: The potential in Norway, Journal of Energy Markets 2(1), 71-88<
- M. Povh and S.-E. Fleten, 2009, Modeling long-term electricity forward prices. IEEE Transactions on Power Systems, 24(4), 1649-1656.
- S.-E. Fleten and S. W. Wallace, 2009, Delta-hedging a hydropower plant using stochastic programming, in J. Kallrath, P.M. Pardalos, S. Rebennack and M. Scheidt ( eds) , Optimization in the Energy Industry, p. 507-524, Springer, Berlin.
- T.K. Kristoffersen and S.-E. Fleten, 2009, Stochastic Programming Models for Short-Term Power Generation Scheduling and Bidding , in E. Bjørndal, M. Bjørndal, P.M. Pardalos and M. Rönnqvist ( eds), Energy, Natural Resources and Environmental Economics, Springer, 187-200
- S. Westgaard, E. T. Faria, S.-E. Fleten, 2008, Price dynamics of natural gas components: Empirical evidence, Journal of Energy Markets 1(3), 37-68
- Bøckman, T., Fleten, S.-E. Fleten, E. Juliussen, H. J. Langhammer, I. Revdal, 2008, Investment timing and optimal capacity choice for small hydropower projects, European Journal of Operational Research 190 (1), pp 255-267.
- G. B. Shrestha, Pokharel, B. K., Lie, T. T., Fleten, S.-E, 2008,Management of price uncertainty in short-term generation planning, IET Generation, Transmission & Distribution, 2(4), 491-504
- S.-E. Fleten and S. Lindset, 2008 , Optimal hedging strategies for multi-period guarantees in the presence of transaction costs: A stochastic programming approach, European Journal of Operational Research 185(3), pp 1680-1689. Avail. here also.
- K. M. Maribu and S.-E. Fleten, 2008. Combined Heat and Power in Commercial Buildings: Investment and Risk Analysis. Energy Journal 29 (2), 123-150.
- Fleten, S.-E. and T. K. Kristoffersen, 2008. Short-term hydropower production planning by stochastic programming, Computers and Operations Research 35 (2008), 2656-2671. Available from SPEPS as paper No.16, vol. 2006.
- Fleten, S.-E. and T. K. Kristoffersen, 2007. Stochastic programming for optimizing bidding strategies of a Nordic hydropower producer, European Journal of Operational Research 181 (2), pp. 916-928, SPEPS Working Paper No 8/2006, first version 2005.
- G. B. Shrestha, B. K. Pokharel, T. T. Lie, S.-E. Fleten, Price-based unit commitment for bidding under price uncertainty, IET Generation, Transmission & Distribution, 1(4), pp.663-669, 2007.
- Fleten, S.-E., K. M. Maribu and I. Wangensteen. Optimal investment strategies in decentralized renewable power generation under uncertainty, Energy, Vol. 32, No. 5, 2007, pp. 803-815. Available here also.
- Näsäkkälä E., Fleten S.-E, Flexibility and Technology Choice in Gas Fired Power Plant Investments, Review of Financial Economics, Vol. 14, No. 3-4, 2005, pp. 371-393.
- S.-E. Fleten and E. Pettersen, Constructing bidding curves for a price-taking retailer in the Norwegian electricity market, IEEE Transactions on Power Systems, Vol. 20, No. 2, pp. 701-708, 2005. ( AbstractPlus) ( Full text at IEEE Xplore)
- G. B. Shrestha, B. K. Pokharel, T. T. Lie, S.-E. Fleten, Medium term power planning with bilateral contracts." IEEE Transactions on Power Systems, Vol. 20, No. 2, pp.627-633, 2005.
- S.-E. Fleten and K. M. Maribu, 2004, Investment timing and capacity choice for small-scale wind power under uncertainty, Proceedings of the Seventh IASTED International Conference on Power and Energy Systems, November 28- December 1, 2004, Clearwater Beach, Florida, USA. The newest version of this paper is Fleten, Maribu, Wangensteen above.
- P. E. de Lange, S.-E. Fleten and A. A. Gaivoronski. Modeling financial reinsurance in the casualty insurance business via stochastic programming. Journal of Economic Dynamics and Control, Vol. 28, No. 5, pp. 991-1012, 2004. Download here too.
- S. W. Wallace and S.-E. Fleten. Stochastic programming models in energy, in A. Ruszczynski and A. Shapiro(eds), Stochastic programming, vol. 10 of Handbooks in Operations Research and Management Science, North-Holland, pp. 637-677, 2003.
- S.-E. Fleten and J. Lemming. Constructing forward price curves in electricity markets. Energy Economics 25(5), pp. 409-424, 2003. Movie of generated data Oct. 1995-Mar. 2004.
- G. B. Shrestha, T. T. Lie, B. K. Pokharel, S.-E. Fleten. "Risk mitigation using forward contract in power market." The Sixth International Power Engineering Conference (IPEC2003) Singapore, November 27 - 29, pp. 1022-1027, 2003
- T. Dobbe, S.-E. Fleten, S. Sigmo. Valuing gas power plants with CO2 capture and tradable quotas, 16th International Conference on Efficiency, Costs, Optimization, Simulation and Environmental Impact of Energy Systems, Copenhagen, Denmark, June 30 - July 2, 2003.
- S.-E. Fleten, S. W. Wallace and W. T. Ziemba. Hedging electricity portfolios via stochastic programming, in C. Greengard and A. Ruszczy?ski (eds), Decision Making Under Uncertainty: Energy and Power , vol. 128 of IMA Volumes on Mathematics and Its Applications, Springer- Verlag, New York, pp. 71-93, 2002. Available here.
- S.-E. Fleten, K. Høyland and S. W. Wallace. The performance of stochastic dynamic and fixed mix portfolio models. European Journal of Operational Research 140 (1), pp. 37-49, 2002.
- S.-E. Fleten, A. Tomasgard and S. W. Wallace. Produksjonsplanlegging og risikostyring i et deregulert kraftmarked med finansielle instrumenter. Magma: Tidsskrift for økonomi og ledelse, 4 (5), pp. 22-33, 2001.
- T. Bjørkvoll, S.-E. Fleten, M. P. Nowak, A. Tomasgard and S. W. Wallace. Power generation planning and risk management in a liberalised market, 2001 IEEE Porto Power Tech Proceedings, pp. 426-431, 2001. (pdf at IEEE Xplore)
- S.-E. Fleten and T. T. Lie. Markedsmakt i det nordiske kraftmarkedet: virkningen av vannkraft og kontrakter, in E. Hope, L. Melamed and M. Lychagin (eds), Electricity Economics: Policies, pp. 224-246, Russian Academ. Science, 2001.
- S.-E. Fleten. Portfolio management emphasizing electricity market applications - A stocastic programming approach. Dr. ing. thesis 2000:16, Norwegian University of Science and Technology, 2000.
- S-.E. Fleten, Trond Jørgensen and S. W. Wallace. Real options and managerial flexibility, Telektronikk ("Telektronikk is Norway's only professional telecommunications journal. It is published by Telenor") 94 (3/4), pp. 62-66, 1998.
- A. Grundt, B. R. Dahl, S.-E. Fleten, T. Jenssen, B. Mo and H. Sætness. Integrert risikostyring (Integrated risk management,) The Norwegian Electricity Federation Pub. No. 255, Oslo 1998.
- S-.E. Fleten and S. W. Wallace. Power Scheduling with Forward Contracts. Proceedings of the Nordic MPS, Molde, May 9-10, 1998.
- S.-E. Fleten, S. W. Wallace and W. T. Ziemba. Portfolio Management in a Deregulated Hydropower based Electricity Market, in E. Broch, D. K. Lysne, N. Flatabø and E. Helland-Hansen (Eds), Hydropower '97 - Proceedings of the 3rd international conference, Trondheim, Norway, 30. June-2. July 1997, A.A.Balkema, Rotterdam, pp. 197-204, 1997.
- My sivilingeniør thesis! Assignment text, contents and a short version.