Toward hedge ratios for hydropower production
The electricity price and production volume determine the revenue of a hydropower producer. Inflow variations to hydro reservoirs and high price volatility result in significant cash flow uncertainty. A copula-based Monte Carlo model is used to relate price and production volume, and to find optimal...
| Main Authors: | , |
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| Format: | Others |
| Language: | English |
| Published: |
Norges teknisk-naturvitenskapelige universitet, Institutt for industriell økonomi og teknologiledelse
2012
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| Online Access: | http://urn.kb.se/resolve?urn=urn:nbn:no:ntnu:diva-20913 |