Michael Coulon (Sussex University) - Wind Park Valuation and Risk Management in the German Intraday Power Markets

The rapid growth of renewables in Germany in the last decade has led to various new modeling challenges for many energy firms. Wind park owners and operators in particular require valuation and risk analysis techniques which capture the high volatility and intermittency of wind power generation, the dynamics of intraday prices and their correlation with changes in wind forecast levels. Under typical contract terms, owners of wind parks receive production volume times the spot price minus a premium Read more [...]