Portfolio Management in a Deregulated Hydropower Based Electricity Market
نویسندگان
چکیده
We present an \asset/liability" model for a hydropower producer operating in a deregulated electricity market. The focus in this modeling eeort is on the coordination of physical generation resources in the form of multiple hydropower reservoirs, with \paper" resources in the form of nancial instruments on electricity. These portfolio management instruments are available in functioning forward and futures markets. Without implicating him, we would like to thank A. Grundt, Norsk Hydro for commenting on an early version of this note.
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