Title :
Risk hedging in electricity generation planning
Author :
Tan, B.J. ; Lu, Z. ; Xu, Z. ; Song, J. ; Dong, Z.Y. ; Tang, W. ; Cai, H.W. ; Feng, Z.X.
Author_Institution :
Sch. of Inf. Technol. & Electr. Eng., Queensland Univ., St. Lucia, Qld.
fDate :
Nov. 29 2005-Dec. 2 2005
Abstract :
Since the power industry has entered into the deregulated era, and no participants in the market want them to be exposed completely to the price fluctuations, the risk management has become an essential tool to help power utilities to manage the risks. This paper reviews the risks in the context of electricity market, proposing a risk management framework with major instruments from energy derivative market. The attached case study illustrates the work flow for a generation company, with relevant discussions and analyses
Keywords :
power generation economics; power generation planning; power markets; pricing; risk management; electricity generation planning; energy derivative market; generation company; power industry; power utilities; price fluctuations; risk hedging; risk management; Electricity supply industry; Electricity supply industry deregulation; Energy management; Fuels; Government; Monopoly; Power generation; Power industry; Risk analysis; Risk management; decision tree; risk; risk analysis;
Conference_Titel :
Power Engineering Conference, 2005. IPEC 2005. The 7th International
Conference_Location :
Singapore
Print_ISBN :
981-05-5702-7
DOI :
10.1109/IPEC.2005.207074
