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aspects to take into consideration. These are the capacity chosen for the production facilities and the timing of the … investment. This paper presents an investment decision support framework for hydropower producers with production facilities due … for restoration. The producer can choose between refurbishing existing power plants and investing in a new production …
Persistent link: https://www.econbiz.de/10008494200
The growth in variable renewable energy (vRES) and the need for flexibility in power systems go hand in hand. We study how vRES and other factors, namely the price of substitute fuels, power price volatility, structural breaks, and seasonality impact the hedgeable power spreads (profit margins)...
Persistent link: https://www.econbiz.de/10011763015
The growth in variable renewable energy (vRES) and the need for flexibility in power systems go hand in hand. We study how vRES and other factors, namely the price of substitute fuels, power price volatility, structural breaks, and seasonality impact the hedgeable power spreads (profit margins)...
Persistent link: https://www.econbiz.de/10011787809
and forward hedging are two separate levers for demand and spot price risk diversification. We show that they are …
Persistent link: https://www.econbiz.de/10009370236
forward hedging and vertical integration are two separate mechanisms for demand and spot price risk diversification that both …' utility due to the asymmetry between production and retail segments. Vertical integration restores the symmetry between … forward hedging when retailers are highly risk averse. We illustrate our analysis with data from the French electricity market. …
Persistent link: https://www.econbiz.de/10008925710
forward hedging and vertical integration are two separate mechanisms for demand and spot price risk diversification that both … utility because of the asymmetry between production and retail segments. Vertical integration restores the symmetry between … forward hedging when retailers are highly risk averse. We illustrate our analysis with data from the French electricity market …
Persistent link: https://www.econbiz.de/10011072430
and forward hedging are two separate levers for demand and spot price risk diversification. We show that they are …
Persistent link: https://www.econbiz.de/10011073085
The paper studies the effect of tax asymmetry on (risk neutral) competitive firm's production and optimal hedging … distribution of the random price, (c) in a multi-period framework with hedging, if tax loss carryback and tax loss carryforward … affected by its first period's profits, the availability of hedging tools, and the tax system …
Persistent link: https://www.econbiz.de/10013061564
This paper empirically examines price formation in the European Union Emissions Trading Scheme (EU ETS). Our analysis shows that unexpected allocations of European Union Allowances (EUAs) lead to pronounced price reactions of the expected signs. Moreover, we find evidence that the adjustment of...
Persistent link: https://www.econbiz.de/10010299076
The weekly release of the U.S. inventory level by the DOE-EIA is known as the market mover in the U.S. oil futures market and to be a significant piece of information for all world oil markets in which the WTI is a price benchmark. We uncover suspicious trading patterns in the WTI futures...
Persistent link: https://www.econbiz.de/10011597537