Title :
Modeling risks associated with full requirements service
Author :
Camporeale, Robert J.
Abstract :
Summary form only given. Full requirements service entails a commitment to supply all of a wholesale customer´s energy requirements. This includes supplying a varying amount of energy in each hour, covering the installed capacity (ICAP) requirement and other ancillary services. This is one of the most complex structured transactions that an energy service company (ESCO) can enter into. This paper discusses the key sources of risk and how to capture them in product modeling.
Keywords :
electricity supply industry; power system economics; risk management; tariffs; ancillary services; electric power industry; energy service company; full requirements service; installed capacity requirement; product modeling; risk modelling; Costs; Energy management; Pricing; Uncertainty;
Conference_Titel :
Power Engineering Society Summer Meeting, 2001
Conference_Location :
Vancouver, BC, Canada
Print_ISBN :
0-7803-7173-9
DOI :
10.1109/PESS.2001.970116
