A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Using electricity options to hedge against financial risks of power producers
As a consequence of competition in electricity markets, a wide variety of financial derivatives have emerged to allow market agents to hedge against risks. Electricity options and forward contracts constitute adequate instruments to manage the financial risks pertaining to price volatility or unexpected unit failures faced by power producers. A multi-stage stochastic model is described in this tutorial paper to determine the optimal forward and option contracting decisions for a risk-averse power producer. The key features of electricity options to reduce both price and availability risks are illustrated by using two examples.
Using electricity options to hedge against financial risks of power producers
As a consequence of competition in electricity markets, a wide variety of financial derivatives have emerged to allow market agents to hedge against risks. Electricity options and forward contracts constitute adequate instruments to manage the financial risks pertaining to price volatility or unexpected unit failures faced by power producers. A multi-stage stochastic model is described in this tutorial paper to determine the optimal forward and option contracting decisions for a risk-averse power producer. The key features of electricity options to reduce both price and availability risks are illustrated by using two examples.
Using electricity options to hedge against financial risks of power producers
Salvador Pineda (author) / Antonio J. Conejo (author)
2013
Article (Journal)
Electronic Resource
Unknown
Metadata by DOAJ is licensed under CC BY-SA 1.0
| BASE | 2016
Credit for Small-Scale Producers: African Options
| British Library Conference Proceedings | 1999
| British Library Conference Proceedings | 2008
Financial Model for Insuring against Catastrophic Storm Risks
| British Library Conference Proceedings | 2009
Online Contents | 2005