This work deals with strategy optimization for electricity producers. We consider two types of auctions used to maintain the real-time ballance for production and consumption of electricity. For both auction types, we calculate the market equilibrium and discuss its properties. Copyright...

This work deals with strategy optimization for electricity producers. We consider two types of auctions used to maintain the real-time ballance for production and consumption of electricity. For both auction types, we calculate the market equilibrium and discuss its properties. Copyright...

In this work, the valuation of energy-related financial contracts written on prices of flow commodities (such as natural gas, oil and electrical power) will be elaborated. Due to restrictions on storability of the underlying, the pricing of flow commodity derivatives is not trivial and thus...