Modeling Electricity Price and Quantity Uncertainty: An Application for Hedging with Forward Contracts

Energy transactions in liberalized markets are subject to price and quantity uncertainty. This paper considers the spot price and energy generation to follow a bivariate semi-nonparametric distribution defined in terms of the Gram–Charlier expansion. This distribution allows us to jointly model not...

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Bibliographic Details

Main Authors:	Alfredo Trespalacios, Lina M. Cortés, Javier Perote
Format:	Artigo
Language:	Inglês
Published:	MDPI AG 2021-06-01
Series:	Energies
Subjects:	semi-nonparametric approach multivariate distribution electricity markets forward contracts
Online Access:	https://www.mdpi.com/1996-1073/14/11/3345
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