Giuletti, Monica; Grossi, Luigi; Waterson, Michael - 2009
independent supply companies may well in part have been a
result of the NETA arrangements, or indeed the knowledge that NETA was … model). Second, they need to engage in risk management since
retail prices are fixed for a substantially longer period … issues.
Risk management
Figure 1 panel (a) shows the time path of base-load month-ahead electricity wholesale
prices …