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Decision-Support Tool for the Establishment of Contracts in the Electricity Market
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| 630.98 KB | Adobe PDF |
Orientador(es)
Resumo(s)
The Pool, in many countries, was adopted for the
participants of the electricity market to trade the electrical
energy in a basis of each half-hour or one hour of the next day.
However, like the traditional markets, the agents of electrical
market are now exposed to the volatility of market price. In some
countries, to face that problem and to turn the market more
liquid, the derivatives markets – futures and options - were
introduced to negotiate products with electrical energy as
underlying active. In this context, there is a need of decisionsupport
tools to assist those agents for the use of derivatives
markets with the objective of practicing the hedge. In this paper,
we present a decision model that supports producers to establish
contracts with the objective to maximize the profit expected
utility.
Descrição
Palavras-chave
Risk Management Hedge Electricity Markets Contracts Decision
Contexto Educativo
Citação
Editora
Institute of Electrical and Electronics Engineers