Investment with incomplete markets for risk: The need for long-term contracts☆
Sign Up to like & getrecommendations! Published in 2017 at "Energy Policy"
DOI: 10.1016/j.enpol.2017.01.029
Abstract: Barring subsidies, investment in the power generation sector has come to an almost complete halt in the restructured European power sector. Market and regulatory failures such as the well known missing money (see Joskow, (2006))… read more here.
Keywords: risk trading; investment; incomplete markets; market ... See more keywords
Risk Trading in a Chance-Constrained Stochastic Electricity Market
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DOI: 10.1109/lcsys.2020.3000188
Abstract: Existing electricity market designs assume risk neutrality and lack risk-hedging instruments, which leads to suboptimal market outcomes and reduces the overall market efficiency. This letter enables risk-trading in the chance-constrained stochastic electricity market by introducing… read more here.
Keywords: electricity market; risk; chance; risk trading ... See more keywords