It Matters Which Way You Slice It: Risk Management for the 2005 Procurement Auction of Italyʹs Acquirente Unico

As the single buyer in Italy for retail consumers not eligible for competitive supply as well as eligible customers who do not choose a competitive suppler, the Acquirente Unico purchases roughly half of Italyʹs electricity. Here are some of the key risk management considerations that were involved in its 2005 procurement.