We develop a flexible forward contracting mechanism for renewable generators with intermittent and uncertain power supply. Such a contract allows the renewable generators to engage in forward contracts in day-ahead markets with flexible loads. In our proposed contracting mechanism, the renewable...

Renewable generation is inherently stochastic. We develop a risk mitigation strategy by applying principles of securitization to the stochastic generation of wind and solar resources. We demonstrate the design of a risk-free tranche for the renewable assets as a risk-free service, which the...