Datos evento
En: 10th LACCEI Latin American and Caribbean Conference (LACCEI'2011): Megaprojects: Building Infrastructure by fostering engineering collaboration, efficient and effective integration and innovative planning, July 23-27, 2012, Panama City, Panama)
Autor
CAPITAN HERRAIZ, ALVARO
RODRIGUEZ MONROY, CARLOS
Organismo regulador / editor
COMISION NACIONAL DE ENERGIA (CNE - ESPAÑA)
Fecha
Materias
ENERGIA ELECTRICA
MERCADOS ELECTRICOS COMPETITIVOS
ENERGIAS RENOVABLES
REGULACION
País
PORTUGAL
ESPAÑA
Resumen
The document provides a description of the evolution of the Iberian power futures market managed by OMIP, located in Lisbon (Portugal), during its first two years of existence. That research focuses on the assessment of the ex-post forward risk premia (i.e. the difference between the futures prices and the underlying average spot prices for the corresponding delivery period). OMIP forward risk premia are remarkable, specially at the beginning of this market, limiting its price efficiency. The current research enlarges the data set (from the start of that market on July 3, 2006, to January 31, 2011) providing a robust picture of the trading evolution in this power futures market.
Index
1. Introduction
2. The trading development in the Iberian electricity forward market
3. Renewable auctions in Latin America
4. The first forward market mechanisms related to the special regime production in the Iberian electricity market 4.1 The contract for differences derived from CESUR auctions in Spain 4.2 The auctions for the sale of the special regime production in Portugal
5. Conclusions
Tipo de Contenido
PONENCIAS
Palabras clave
MIBEL
MERCADOS FUTUROS OPCIONES
MERCADOS DE PRODUCTOS DERIVADOS
OMIP
CESUR
CONTRATOS
TRADING DE ENERGIA
SUBASTAS DE ENERGIA
MERCADOS OTC