The liberalization of electricity markets has forced energy producing companies and traders to calculate costs closer to the profit frontier. Thus, an efficient risk management and risk controlling are needed to ensure the financial survival even during bad times. Using the RAROC methodology we...

In this paper, we present a procedure for consistent estimation of the severity and frequency distributions based on incomplete insurance data and demonstrate that ignoring the thresholds leads to a serious underestimation of the ruin probabilities. The event frequency is modelled with a...

In this study, we consider the perspective of the distribution system operator (DSO) that manages the DERs, especially H2 production and consumption by H2 systems, to reach the goal of net-zero emission energy production. It should be mentioned that a vertically integrated design is considered...