Optimal bidding of a virtual power plant on the Spanish day-ahead and intraday market for electricity

D Wozabal, G Rameseder - European Journal of Operational Research, 2020‏ - Elsevier
We develop a multi-stage stochastic programming approach to optimize the bidding strategy
of a virtual power plant (VPP) operating on the Spanish spot market for electricity. The VPP …

Equilibrium pricing of European crude oil options with stochastic behaviour and jump risks

Z Hu, BZ Yang, XJ He, J Yue - Mathematics and Computers in Simulation, 2024‏ - Elsevier
In this paper, we investigate the pricing of European crude oil options under nonlinear
dynamics with stochastic behaviour and jump risks, incorporating the features of arising …

[HTML][HTML] Wind put barrier options pricing based on the Nordix index

YE Rodríguez, MA Pérez-Uribe, J Contreras - Energies, 2021‏ - mdpi.com
Wind power generators face risks derived from fluctuations in market prices and variability in
power production, generated by their high dependence on wind speed. These risks could be …

A non-Gaussian Ornstein–Uhlenbeck model for pricing wind power futures

FE Benth, A Pircalabu - Applied Mathematical Finance, 2018‏ - Taylor & Francis
The recent introduction of wind power futures written on the German wind power production
index has brought with it new interesting challenges in terms of modelling and pricing. Some …

Construction of mixed derivatives strategy for wind power producers

Y Yamada, T Matsumoto - Energies, 2023‏ - mdpi.com
Due to the inherent uncertainty of wind conditions as well as the price unpredictability in the
competitive electricity market, wind power producers are exposed to the risk of concurrent …

Pricing analysis of wind power derivatives for renewable energy risk management

T Kanamura, L Homann, M Prokopczuk - Applied Energy, 2021‏ - Elsevier
The objective of this study is to analyse the theoretical pricing of wind power derivatives,
which is important for renewable energy risk management but has a problem in the pricing …

Introduction to weather derivatives

J Bemš, C Aydin - Wiley Interdisciplinary Reviews: Energy and …, 2022‏ - Wiley Online Library
The weather is one of the factors that may have an impact on the countries' economies.
There are two main hedging ways against unexpected weather conditions: weather …

Handling the risk dimensions of wind energy generation

NS Thomaidis, T Christodoulou, FJ Santos-Alamillos - Applied Energy, 2023‏ - Elsevier
In this paper, we explore two strategies for reducing the cash flow uncertainty of wind energy
producers ascribed to variable weather conditions. The first strategy is based on the idea of …

Multivariate continuous-time modeling of wind indexes and hedging of wind risk

FE Benth, TS Christensen, V Rohde - Commodities, 2022‏ - taylorfrancis.com
With the introduction of the exchange-traded German wind power futures, opportunities for
German wind power producers to hedge their volumetric risk are present. We propose two …

Quasi-variational problems with non-self map on Banach spaces: Existence and applications

E Allevi, ME De Giuli, M Milasi, D Scopelliti - Nonlinear Analysis: Real World …, 2022‏ - Elsevier
This paper focuses on the analysis of generalized quasi-variational inequality problems with
non-self constraint map. To study such problems, in Aussel et al.(2016) the authors …