Fig. 2
From: A real options approach to renewable electricity generation in the Philippines
Option values at increasing electricity price scenario. Legend: base_0: option values of energy investment at the initial period; base_T: option values of energy investment at the terminal period; elec+1_0: option values at 10% higher electricity price than the base at the initial period; elec+1_T: option values at 10% higher electricity price than the base at the terminal period; elec+2_0: option values at 25% higher electricity price than the base at the initial period; elec+2_T: option values at 25% higher electricity price than the base at the terminal period