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<p>Demand-side management (Electric utilities)<br />Electric utilities -- Costs -- Forecasting -- United States<br />Strategic planning -- Decision making<br />Strategic planning -- Management</p>
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Speculation And Hedging With Virtuals, Prasenjit Shil
Speculation And Hedging With Virtuals, Prasenjit Shil
Doctoral Dissertations
"Virtual bid" and "Virtual offer" are purely financial products offered in certain electricity markets. Theoretically, virtual bids and offers can change the electricity price as the bids and offers are stacked along with the demand and supply, respectively. This dissertation discusses how virtuals can be used to hedge and speculate in the electricity market. A statistical simulation model is developed based on the day-ahead (DA) demand and real time (RT) load data from Midwest Independent Transmission System Operator's (MISO) footprint and DA and RT price observed at Cinergy hub. The simulation models are intended to mimic the load and price …