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:

    scopusscopus

    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