Integrated risk management of hydro power scheduling and contract management.

Integrated risk management of hydro power scheduling and contract management.

The paper describes the implementation of a new integrated tool for risk management in hydropower systems. Earlier practice in Scandinavia has been to separate operations scheduling and contract management. In the present approach operation scheduling and hedging by future contacts are integrated in...

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Xuất bản năm:IEEE Transactions on power systems 16, 2 (2001).
Tác giả chính: Mo, B.
Định dạng: Bài viết
Ngôn ngữ:English
Những chủ đề:
Scandinavia.
Contract management.
Deregulated system.
Future contract portfolio.
Hedging.
Hydro power scheduling.
Hydropower systems.
Inflow uncertainty.
Integrated risk management.
Operations scheduling.
Price risks.
Revenue targets setting.
Revenue utility function.
Risk level control.
Stochastic dual dynamic programming.
Stochastic dynamic optimization.
Stochastic dynamic programming.