Valuation of forward contracts in electricity markets. Application to the ecuadorian market
Abstract:
One of the main characteristics in the electricity markets is the volatileness of the spot price. The uncertainty associated to the price is a source of risk as much for the selling agents (generation companies) like for the buying agents. For this reason, is necessary to develop tools and methodologies of analysis, valuation and risk management associated to the generation business. This paper proposes, formulates and develops a procedure for the valuation of forward contracts with the objective to obtain a suitable balance between risk and rentability in the context of the generation companies that operate in the Ecuadorian electricity market. © Copyright 2010 IEEE - All Rights Reserved.
Año de publicación:
2008
Keywords:
Fuente:
scopus
Tipo de documento:
Article
Estado:
Acceso restringido
Áreas de conocimiento:
- Finanzas
- Energía
Áreas temáticas:
- Economía financiera
- Economía de la tierra y la energía
- Física aplicada