Competitive procurement and internet-based auction: Electricity capacity option

  • Lloyd D
  • Woo C
  • Borden M
 et al. 
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Abstract

Existing products to hedge procurement price risk are often thinly traded or not traded at all. An alternative is two Internet-based auctions that yield competitive price offers to a buyer of capacity options that are not actively traded at present. © 2004 Elsevier Inc.

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