DocumentCode :
3477759
Title :
Study on risk evasion in electricity market
Author :
Hai-feng, Lin ; Hao, Zhou
Author_Institution :
Zhejiang Univ., Hangzhou, China
Volume :
2
fYear :
2004
fDate :
5-8 April 2004
Firstpage :
495
Abstract :
The operation of electricity market brings a new chance to the insurance companies to expand their business. The fast fluctuation of electricity price different from relative stable ones in other markets is the main feature of electricity market, it makes the market participants being taken the risks of losing profits. To obtain steady revenue it is necessary to establish an effective mechanism to avoid the risk. According to the peculiarity of the risk of decreasing the revenue of the generating companies, the feasibility and necessity of led the income insurance into electricity market to avoid the risks are researched. Through the explanation of the principle of applying revenue insurance to electricity market and the calculation results for practical data from a certain provincial electricity market, it is realizable to decrease the operating risks of power generating enterprises by purchasing the income insurance, and this method possesses good prospects.
Keywords :
insurance; power generation economics; power markets; risk management; electricity market; electricity price fluctuation; generating companies; income insurance companies; power generating enterprises; price risk; revenue insurance; risk evasion; Australia; Economic forecasting; Electricity supply industry; Fluctuations; Forward contracts; Insurance; Investments; Power generation; Power generation economics; Risk management;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Electric Utility Deregulation, Restructuring and Power Technologies, 2004. (DRPT 2004). Proceedings of the 2004 IEEE International Conference on
Print_ISBN :
0-7803-8237-4
Type :
conf
DOI :
10.1109/DRPT.2004.1338030
Filename :
1338030
Link To Document :
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