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ASSESSMENT OF TRANSMISSION CONGESTION PRICE RISK AND HEDGING IN THE BRAZILIAN ELECTRICITY MARKET

Porrua, Fernando; Barroso, Luiz; Junqueira, Max; … - EconWPA - 2005

The objective of this paper is to provide a methodology for pricing, under a generation company (Genco) point of view, long-term energy contracts signed across different price zones in a zonal pricing hydro- based power system where classical Financial Transmission Rights (FTRs) are not...

Persistent link: https://www.econbiz.de/10005126100

Decentralized Investment and Quality Decisions In Common-Pool Networks

Abdala, Manuel A.; Spiller, Pablo T. - EconWPA - 2005

Investment and quality decisions in common-pool networks are typically governed by rules set by a centralized agency (either a monopoly or a regulator). In network systems where competition has flourished, decentralized solutions work better than centralized ones. Rent seeking and politicization...

Persistent link: https://www.econbiz.de/10005412463

Seeking the Single European Electricity Market: Evidence from an Empirical Analysis of Wholesale Market Prices

Bower, John - EconWPA - 2004

The objectives of this paper are to assess the progress made towards a single European wholesale electricity market by the end of 2001, and identify remaining sources of economic inefficiency. Statistical analysis of day-ahead prices, in fifteen European locations, show Nord Pool (Scandinavia),...

Persistent link: https://www.econbiz.de/10005118898

From Fault Tree to Credit Risk Assessment: A Case Study

GATFAOUI, Hayette - EconWPA - 2005

Reliability has been largely applied to industrial systems in order to study the various possibilities of systems … minimal paths leading to any system’s fault allows for a better control of systems’ safety. To this end, reliability is … theory to credit risk assessment. The author explains that fault tree is one alternative approach of reliability, which …

Persistent link: https://www.econbiz.de/10005407916

A look at the Bonferroni inequality measure in a reliability framework

Giorgi, Giovanni Maria; Crescenzi, Michele - EconWPA - 2005

Persistent link: https://www.econbiz.de/10005556394