2006 | OriginalPaper | Chapter
Risk-Adjusted Planning in the Electricity Industry
Author : Stefano Fiorenzani
Published in: Quantitative Methods for Electricity Trading and Risk Management
Publisher: Palgrave Macmillan UK
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Deregulated electricity markets are highly dynamic markets and consequently static and backward-looking management tools should be supplemented by new instruments which help management to understand and react promptly to unexpected market changes. Risk is not only a random noise that affects a firm’s economic performance, it is also a strategic opportunity which should be appropriately evaluated.