|
| This Article | ||
| | ||
| Share | ||
| Bibliographic References | ||
| Add to: | ||
 Digg  Furl  Spurl  Blink  Simpy  Google  Del.icio.us  Y!MyWeb | ||
| Search | ||
| ||
Proceedings of the 38th Annual Hawaii International Conference on System Sciences (HICSS'05) - Track 2
Big Island, Hawaii
January 03-January 06
ISBN: 0-7695-2268-8
| ASCII Text | x | ||
| Aleksandr Rudkevich, Ezra Hausman, Richard Tabors, Jan Bagnall, Christopher Kopel, "Loss Hedging Rights: A Final Piece in the LMP Puzzle," 2013 46th Hawaii International Conference on System Sciences, vol. 2, pp. 60c, Proceedings of the 38th Annual Hawaii International Conference on System Sciences (HICSS'05) - Track 2, 2005. | |||
| BibTex | x | ||
| @article{ 10.1109/HICSS.2005.393, author = {Aleksandr Rudkevich and Ezra Hausman and Richard Tabors and Jan Bagnall and Christopher Kopel}, title = {Loss Hedging Rights: A Final Piece in the LMP Puzzle}, journal ={2013 46th Hawaii International Conference on System Sciences}, volume = {2}, year = {2005}, issn = {1530-1605}, pages = {60c}, doi = {http://doi.ieeecomputersociety.org/10.1109/HICSS.2005.393}, publisher = {IEEE Computer Society}, address = {Los Alamitos, CA, USA}, } | |||
| RefWorks Procite/RefMan/Endnote | x | ||
| TY - CONF JO - 2013 46th Hawaii International Conference on System Sciences TI - Loss Hedging Rights: A Final Piece in the LMP Puzzle SN - 1530-1605 SP EP A1 - Aleksandr Rudkevich, A1 - Ezra Hausman, A1 - Richard Tabors, A1 - Jan Bagnall, A1 - Christopher Kopel, PY - 2005 KW - null VL - 2 JA - 2013 46th Hawaii International Conference on System Sciences ER - | |||
The paper proposes a forward market for the hedging of loss-related risk within a Locational Marginal Pricing (LMP) framework. The necessity for hedging losses arises from the volatility in the cost of marginal losses for electricity transactions, and from the surplus of loss-related revenues collected by the ISO under LMP. The hedging instruments proposed here, like FTRs for hedging congestion risk, simultaneously serve as a market-based mechanism for distributing the revenue surplus. The total loss hedging value for the entire market is shown to by the ISO. Formulas are derived for combined exactly equal the marginal loss related surplus collected by the ISO. Formulas are derived for combined congestion and loss hedging.
Citation:
Aleksandr Rudkevich, Ezra Hausman, Richard Tabors, Jan Bagnall, Christopher Kopel, "Loss Hedging Rights: A Final Piece in the LMP Puzzle," hicss, vol. 2, pp.60c, Proceedings of the 38th Annual Hawaii International Conference on System Sciences (HICSS'05) - Track 2, 2005
Usage of this product signifies your acceptance of the Terms of Use.