Comparing hedging methods for wind power: Using pumped storage hydro units vs. options purchasing

2006 9th International Conference on Probabilistic Methods Applied to Power Systems, PMAPS

Volumn , Issue , 2006, Pages

  Hedman, Kory W ^a,b   Sheblé, Gerald B ^a,c  

^a IEEE

^b IOWA STATE UNIVERSITY   (United States)

^c Iowa State University of Science and Technology

Author keywords

Black scholes options pricing model; Call put options; Energy storage; Hedging; Monte Carlo simulations; Power systems economics; Pumped storage hydro; Real options analysis; Renewable energy sources; Risk analysis; Stochastic processes; Wind energy

Indexed keywords

APPLIED (CO); BLACK SCHOLES; ENERGY SOURCING; FINANCIAL IMPLICATIONS; IN ORDER; INTERNATIONAL CONFERENCES; NO FREE LUNCH; OPTIONS PRICING; POWER SYSTEMS; PROBABILISTIC METHODS; PUMPED STORAGE HYDRO; PUMPED STORAGE PLANTS; WIND ENERGY; WIND FARMS;

COLD STORAGE; COMPRESSED AIR; ELECTRIC POWER SYSTEMS; ELECTRIC POWER TRANSMISSION NETWORKS; ELECTRIC UTILITIES; ENERGY STORAGE; POWER TRANSMISSION; PRESSURE VESSELS; PROBABILITY; RENEWABLE ENERGY RESOURCES; STORAGE (MATERIALS); UNCERTAINTY ANALYSIS;

WIND POWER;

EID: 46149115410     PISSN: None     EISSN: None     Source Type: Conference Proceeding    
DOI: 10.1109/PMAPS.2006.360202     Document Type: Conference Paper

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