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Asset performance in electricity markets is dependent on the performance of all agents in the marketplace and is complex to model. In future, it will become increasingly dependent on weather-driven intermittent generation as the proportion of solar and wind power increases. To address this, investors and owners of energy asset portfolios need to properly assess the strategic risk of weather and climate variability in future markets. The BELIEVE project - led by the IEA - will combine novel methods for modelling weather-driven generation with economic dispatch in order to optimise asset value in long term strategic portfolio planning. It is funded by Innovate UK as part of a portfolio of projects aimed at commercialising climate data within the financial services market.

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