Electricity trading in power market: an over view and issues
Electricity trading in power market: an over view and issues
- Author(s): D. Venu Gopal
- DOI: 10.1049/ic:20070580
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- Author(s): D. Venu Gopal Source: IET-UK International Conference on Information and Communication Technology in Electrical Sciences (ICTES 2007), 2007 p. 19 – 25
- Conference: IET-UK International Conference on Information and Communication Technology in Electrical Sciences (ICTES 2007)
- DOI: 10.1049/ic:20070580
- ISBN: 978 0 86341 937 9
- Location: Tamil Nadu, India
- Conference date: 20-22 Dec. 2007
- Format: PDF
A robust trading system is very important for free and fair competitive electricity market operation. Trading system should be capable of risk hedging associated with price volatility and other unexpected changes. Operating behavior of a competitive power market is significantly affected by the trading arrangements, strategic bidding, market model and rule. Trading arrangement is properly designed in every country to take care of other abuse of market. These arrangements are kept on changing from to time depending on the requirement for transparent and non-discriminatory electricity market. In this paper, various financial risk hedging instrument and trading arrangements of Indian and some developed market are discussed. The important issues and challenge in this field are also analyzed.
Inspec keywords: power markets; stock markets
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