Title :
Research on Power Supply and Demand Side Risk Management: Options Analyses on the Interruptible Load and Risk Insurance Contract
Author :
Fang, Jun ; Wang, Haifeng
Author_Institution :
Dept. of Econ. Manage., North China Electr. Power Univ., Baoding
Abstract :
In circumstances of the deregulated electric power industry, risks are directly brought to the power supply or demand side by impacts from natural disasters, technology faults, or supply and demand variations. This paper analyzes the effective risk management measures through trading participated by the power supply company, power customer and financial institution. Based on the options relations analyses, the structural characteristic, the function of insurance, the incentive and compensative mechanism, and the pricing model of the interruptible load contract are mainly discussed, together with further discussion on the structure and application of exterior power supply insurance.
Keywords :
electricity supply industry; risk management; supply and demand; demand side risk management; deregulated electric power industry; financial institution; natural disasters; power supply risk management; supply and demand; technology faults; Contracts; Electricity supply industry; Industrial relations; Insurance; Particle measurements; Power measurement; Power supplies; Risk analysis; Risk management; Supply and demand;
Conference_Titel :
Wireless Communications, Networking and Mobile Computing, 2008. WiCOM '08. 4th International Conference on
Conference_Location :
Dalian
Print_ISBN :
978-1-4244-2107-7
Electronic_ISBN :
978-1-4244-2108-4
DOI :
10.1109/WiCom.2008.2404
