The emergence of trading and risk management in liberalized electricity markets

Trading and risk management services are essential components of liberalized electricity markets. They thrive in markets where prices are volatile and customers need protection from unwanted and poorly understood risks. This viewpoint describes the fundamentals and explains what has been driving the...

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Bibliographic Details
Published in:Energy policy 2002-05, Vol.30 (6), p.449-459
Main Author: Sioshansi, Fereidoon P.
Format: Article
Language:English
Subjects:
Applied sciences
Economic data
Electric energy
Energy
Energy economics
Energy market
Energy policy
Energy prices
Energy trading
Exact sciences and technology
General, economic and professional studies
Liberalization
Policy studies
Power generation
Power marketers
Price volatility
Prices
Risk management
Studies
Trade
Volatility
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Description
Summary:Trading and risk management services are essential components of liberalized electricity markets. They thrive in markets where prices are volatile and customers need protection from unwanted and poorly understood risks. This viewpoint describes the fundamentals and explains what has been driving their phenomenal growth in the recent past in the USA.
ISSN:0301-4215
1873-6777
DOI:10.1016/S0301-4215(01)00146-X