دانلود مقاله ISI انگلیسی شماره 50664
عنوان فارسی مقاله

کاهش ریسک مالی هیدرولوژیکی در تولید برق آبی با استفاده از ابزارهای مالی مبتنی بر شاخص

کد مقاله سال انتشار مقاله انگلیسی ترجمه فارسی تعداد کلمات
50664 2015 23 صفحه PDF سفارش دهید 10150 کلمه
خرید مقاله
پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.
عنوان انگلیسی
Mitigating hydrologic financial risk in hydropower generation using index-based financial instruments
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Water Resources and Economics, Volume 10, April 2015, Pages 45–67

کلمات کلیدی
برق آبی - بیمه شاخص - مدیریت ریسک
پیش نمایش مقاله
پیش نمایش مقاله کاهش ریسک مالی هیدرولوژیکی در تولید برق آبی با استفاده از ابزارهای مالی مبتنی بر شاخص

چکیده انگلیسی

Variability in streamflows can lead to reduced generation from hydropower producers and result in reductions in revenues that can be financially disruptive. This link between hydrologic and financial uncertainties, and the possibility of increased hydrologic variability in the future, suggests that hydropower producers need to begin to consider new strategies and tools for managing these financial risks. This study uses an integrated hydro-economic model of the Roanoke River Basin to characterize the financial risk faced by hydropower generators as a result of hydrologic variability, and develops several index-based financial hedging contracts intended to mitigate this risk. Several different indices are evaluated in terms of their ability to serve as the basis for effective financial contracts. Contract structures are then developed and evaluated using a 100-year simulation that describes hydropower operations in the Roanoke basin. Basis risk, contract pricing, and risk mitigation are investigated for three styles of contracts: insurance, binary, and collar. In all three cases, the contracts are shown to be capable of substantially reducing the risks of very low revenue years for costs that are a small fraction of total annual revenues (1–3%).

خرید مقاله
پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.