@inproceedings{44266e8cddc2402fbf7278b78a8960d7,
title = "Forward contracts with bilateral options in electricity markets: Theory and analysis",
abstract = "This paper presents an electricity forward contract with bilateral options, which enables both the seller and buyer to take advantage of flexibility in generation and consumption to obtain a monetary benefit while simultaneously removing the risk of market price fluctuations. Theoretical model for pricing this type of forward contract is developed and analyzed. Some distinguishing features are revealed. Numerical examples are used to demonstrate the validity of the proposed model.",
keywords = "Electricity markets, Optional forward contracts, Pricing model, Risk management",
author = "Chung, {T. S.} and Zhang, {S. H.} and Wong, {K. P.} and Yu, {C. W.} and Chung, {C. Y.}",
year = "2003",
month = nov,
language = "English",
isbn = "9810487053",
series = "IPEC 2003 - 6th International Power Engineering Conference",
pages = "701--706",
booktitle = "IPEC 2003 - 6th International Power Engineering Conference",
note = "IPEC 2003 - 6th International Power Engineering Conference ; Conference date: 27-11-2003 Through 29-11-2003",
}