Financial risk management in restructured wholesale power markets: Concepts and tools

Nanpeng Yu, Abhishek Somani and Leigh Tesfatsion ()

ISU General Staff Papers from Iowa State University, Department of Economics

Abstract: The goal of this tutorial is three-fold: to facilitate cross-disciplinary communication among power engineers and economists by explaining and illustrating basic financial risk management concepts relevant for wholesale power markets (WPMs); to illustrate the complicated and risky strategic decision making required of power traders and risk managers operating in multiple interrelated submarkets comprising modern WPMs; and to briefly discuss the potential of agent-based modeling for the study of this decision making.

Date: 2010-01-01
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Persistent link: https://EconPapers.repec.org/RePEc:isu:genstf:201001010800001028

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