Research on Power Supply and Demand Side Risk Management: Options Analyses on the Interruptible Load and Risk Insurance Contract

Author

Fang, Jun ; Wang, Haifeng

Author_Institution

Dept. of Econ. Manage., North China Electr. Power Univ., Baoding

fYear

2008

fDate

12-14 Oct. 2008

Firstpage

1

Lastpage

5

Abstract

In circumstances of the deregulated electric power industry, risks are directly brought to the power supply or demand side by impacts from natural disasters, technology faults, or supply and demand variations. This paper analyzes the effective risk management measures through trading participated by the power supply company, power customer and financial institution. Based on the options relations analyses, the structural characteristic, the function of insurance, the incentive and compensative mechanism, and the pricing model of the interruptible load contract are mainly discussed, together with further discussion on the structure and application of exterior power supply insurance.

Keywords

electricity supply industry; risk management; supply and demand; demand side risk management; deregulated electric power industry; financial institution; natural disasters; power supply risk management; supply and demand; technology faults; Contracts; Electricity supply industry; Industrial relations; Insurance; Particle measurements; Power measurement; Power supplies; Risk analysis; Risk management; Supply and demand;

fLanguage

English

Publisher

ieee

Conference_Titel

Wireless Communications, Networking and Mobile Computing, 2008. WiCOM '08. 4th International Conference on

Conference_Location

Dalian

Print_ISBN

978-1-4244-2107-7

Electronic_ISBN

978-1-4244-2108-4

Type

conf

DOI

10.1109/WiCom.2008.2404

Filename

4680593