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Financial Optimization in Electricity Market: portfolio theory approach
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Abstract: (5165 Views) |
| Following the restructuring in electricity industry and competitive market debut in iran, risk control is one of the requirements of the economic management and effective activity for major actors in electricity market. This paper introduced portfolio theory and the mean - variance approach and the conditional value-at-risk for risk management in electricity market which are two major risk management methods in financial issues and also the application of this method in electricity market of iran is presented. Although there are major differences between electricity and power markets and other markets, but the studies show that using more generalized financial models, Appropriate Approach can be achieved for risk management in a competitive market. |
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| Keywords: Financial Optimization, Portfolio theory, Electricity Market, Conditional Value-at-Risk, Risk Managment |
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Full-Text [PDF 624 kb]
(1458 Downloads)
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Type of Study: Applicable |
Subject:
Restructure , Privatization and Power Marketing
Received: 2014/11/27 | Accepted: 2015/05/20 | Published: 2015/07/11
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