Woo, Chi-Keung; Zarnikau, Jay; Tishler, Asher; Cao, Kang Hua - 2022
Motivated by the relatively infrequent but very large price spikes in the day-ahead and real-time energy markets operated by the Electric Reliability Council of Texas, this paper proposes an insurance that a retail electric provider (REP) may buy to mitigate financial insolvency caused by...