Electricity forwards
UK Treasury urged to allow failed energy firms to hedge
Bulb can’t buy wholesale electricity and gas more than two weeks in advance, leaving it exposed to price hikes
One-week-ahead electricity price forecasting using weather forecasts, and its application to arbitrage in the forward market: an empirical study of the Japan Electric Power Exchange
Energy Risk Commodity Rankings: firms provide a lifeline in choppy waters
Efficient representation of supply and demand curves on day-ahead electricity markets
The selection of predictive variables in aggregate hydroelectric generation models
This paper provides a method to identify the best predictive variables and the appropriate predictive indexes for an aggregate hydropower storage forecasting model. To this end, we use an entropy-based approach.
Power surge: the value of investing in renewables
Energy market expert investigates ways to forecast future power prices and capture rates in order to value renewables PPAs
Power surge: the evolution of PPAs
In the first of a series analysing the financial risks of renewable energy, Cyriel de Jong looks at key developments in the power purchase agreements market
A simulation-based model for optimal demand response load shifting: a case study for the Texas power market
This paper describes a case study of analyzing DR load-shifting strategies for a retail electric provider for the Texas (ERCOT) market using a Monte Carlo simulation with stochastic loads and settlement prices.
The risk markup of intermittent renewable supply in German electricity forward markets
This paper presents an empirical analysis of how power shocks resulting from intermittent renewables affect the forecast error of the forward premium in German electricity markets.
A new approach to evaluating the cost-efficiency of complex hedging strategies: an application to electricity price–volume quanto contracts
In this paper, the authors propose a new hedging assessment model, the economic value of the incremental expected shortfall (EVIES), from a cost-efficiency perspective.
Transaction cost analysis of digital innovation governance in the UK energy market
The latest online early paper in our special issue on blockchain enabled energy markets
Energy Risk Commodity Rankings: the return of geopolitical risk
Geopolitical tensions introduced extreme volatility to many commodity markets in 2018, while environmental markets began to take off
Improving the Brazilian electricity market: how to replace the centralized dispatch by decentralized market-based bidding
This paper proposes replacing the Energy Reallocation Mechanism with a bid- based short-term market called the virtual reservoir model.
UK balancing market opening up to industrials
Will efforts to open UK balancing market garner interest beyond suppliers and aggregators?
Power traders slam Spain’s mooted plant closure rules
Tougher closure criteria would distort power prices and harm functioning of the market, say traders
Intraday power storage and demand optionality
George Levy discusses the value of intraday power storage and demand optionality in UK power contracts
Falling margins force energy firms to expand data use
Verification and model challenges arise as volatility and margins dry up
Barriers for district heating as a source of flexibility for the electricity system
In this paper, the authors investigate the barriers to including DH as a flexible resource for the electricity market in Denmark, Norway and Sweden.
Uniper’s Khan on risk transformation and green energy
As energy markets change risk management should be at the heart of business strategy, says Novera Khan
Brexit roils UK electricity firms’ carbon hedging plans
Utilities may unwind hedges amid uncertainty over EU emissions market
Battery storage to transform power market models
The development of economical battery storage could rewrite the rules of electricity trading and create a need for newer and more sophisticated models, say market participants
Conference emphasises need for renewables response
Accommodating rises in renewable electricity production means looking at capacity markets and changes to EU target model, suggest participants at Energy Risk Summit Europe
UK power market investigation overshadowed by EMR
A Competition and Markets Authority (CMA) probe into the UK power market, which may result in a radical shake-up of the sector, is coming amid major changes to the industry under Electricity Market Reform. How the CMA reconciles this will be closely…