NDLI: Financial risk management in electricity markets-an ISO perspective

Content Provider	IEEE Xplore Digital Library
Author	Bautista Alderete, G. Shucheng Liu
Copyright Year	2010
Abstract	The California Independent System Operator Corporation (CAISO) has embarked in a profound redesign of its electricity market. With its market launched on April 1st, 2009, the CAISO introduced new financial products to improve the efficiency of the markets and reliability of the system operation. The introduction of new products, compounded with the recent financial turmoil, has posed challenges for the CAISO to develop and implement credit policies to protect the interest of the market participants against financial risks. The credit policies, at the same time, should not create unnecessary barriers to entry for participating in the CAISOs markets. This paper describes the credit system the CAISO uses to manage financial risks. It discusses the financial products, such as Congestion Revenue Rights and Virtual Bidding the CAISO has or will have, the financial risks associated with the products, and the credit policies the CAISO developed to support the transactions of the financial products.
Starting Page	1
Ending Page	6
File Size	358378
Page Count	6
File Format	PDF
ISBN	9781424465491
ISSN	19449925
e-ISBN	9781424465514
e-ISBN	9781424483570
DOI	10.1109/PES.2010.5589422
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2010-07-25
Publisher Place	USA
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Resource management Portfolios Real time systems Aggregates Calendars Awards activities Risk management
Content Type	Text
Resource Type	Article

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