Forward contracts with bilateral options in electricity markets: Theory and analysis

被引：0
|
作者：
Chung, TS [1 ]
Zhang, SH [1 ]
Wong, KP [1 ]
Yu, CW [1 ]
Chung, CY [1 ]
机构：
[1] Hong Kong Polytech Univ, Hong Kong, Hong Kong, Peoples R China
来源：
IPEC 2003: Proceedings of the 6th International Power Engineering Conference, Vols 1 and 2 | 2003年
关键词：
electricity markets; risk management; optional forward contracts; pricing model;
D O I：
暂无
中图分类号：
TM [电工技术]; TN [电子技术、通信技术];
学科分类号：
0808 ; 0809 ;
摘要：
This paper presents an electricity forward contract with bilateral options, which enables both the seller and buyer to take advantage of flexibility in generation and consumption to obtain a monetary benefit while simultaneously removing the risk of market price fluctuations. Theoretical model for pricing this type of forward contract is developed and analyzed. Some distinguishing features are revealed. Numerical examples are used to demonstrate the validity of the proposed model.
引用
收藏
页码：669 / 674
页数：6
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