Abstract
This book will address a number of decision problems faced by the participants in competitive power markets. The set of problem formulations can best be summed up as commitment problems, since they involve some form of physical or financial commitment from the firm in question. They include investment in physical assets, agreements to deliver electricity to customers over a specified period, bilateral financial agreements, and numerous exchange traded derivatives based on electricity prices.
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© 2001 Springer Science+Business Media New York
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Skantze, P.L., Ilic, M.D. (2001). Overview of Valuation and Hedging Theory. In: Valuation, Hedging and Speculation in Competitive Electricity Markets. The Springer International Series in Engineering and Computer Science. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-1701-6_2
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DOI: https://doi.org/10.1007/978-1-4615-1701-6_2
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4613-5685-1
Online ISBN: 978-1-4615-1701-6
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