Topic
Spot contract
About: Spot contract is a research topic. Over the lifetime, 3437 publications have been published within this topic receiving 91599 citations.
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Patent•
IBM1
TL;DR: In this paper, a computer implemented tool is used to forecast the spot price of electric power in a deregulated market and the amount of power that may be traded in this market.
Abstract: A computer implemented tool forecasts the spot price of electric power in a deregulated market and the amounts of power that may be traded in this market. Using generating capacities of multiple utilities, price functions, weather forecasts, and transmission variables, the computer implemented tool makes these forecasts at different delivery points, providing the decision maker with probabilistic distributions for spot prices and trading.
122 citations
TL;DR: In this article, the authors investigated the Italian Electricity Spot market with emphasis on price dynamics accounting for technologies, market concentration and congestions, and evaluated the forecasting performance of selected models showing that they perform better when these factors are considered.
122 citations
Posted Content•
01 Jan 2005
TL;DR: The last few years have been a watershed for the commodities, cash and derivatives industry as discussed by the authors, and new regulations and products have led to an explosion in commodities markets, creating a new asset class for investors that includes hedge funds as well as University endowments, and has resulted in a spectacular growth in spot and derivative trading.
Abstract: The last few years have been a watershed for the commodities, cash and derivatives industry. New regulations and products have led to an explosion in the commodities markets, creating a new asset class for investors that includes hedge funds as well as University endowments, and has resulted in a spectacular growth in spot and derivative trading. This book covers hard and soft commodities (energy, agriculture and metals) and analyses: *Economic and geopolitical issues in commodities markets *Commodity price and volume risk *Stochastic modelling of commodity spot prices and forward curves *Real options valuation and hedging of physical assets in the energy industry It is required reading for energy companies and utilities practitioners, commodity cash and derivatives traders in investment banks, the Agrifood business, Commodity Trading Advisors (CTAs) and Hedge Funds.
121 citations
TL;DR: In this paper, the use of forward contracts as risk instruments for electricity industries operating under spot pricing is reported, where simulation studies are used to demonstrate that forward contracts offer participants an opportunity to reduce their risk exposure without removing the incentive to respond to higher spot prices.
Abstract: A study is reported of the use of forward contracts as risk instruments for electricity industries operating under spot pricing. Forward contracts involve financial transactions or commitments which relate to a physical trade at a later time instance. Price setting and appropriate participant responses are discussed. Simulation studies are used to demonstrate that forward contracts offer participants an opportunity to reduce their risk exposure without removing the incentive to respond to higher spot prices. >
121 citations
TL;DR: In this article, a new methodology is introduced to provide a sequence of tests, using weekly spot prices, to examine the dynamic relationship of market commodity prices in three locations in West Bengal.
Abstract: Given the inferential dangers of received methods, a new methodology is introduced to provide a sequence of tests, using weekly spot prices, to examine the dynamic relationship of market commodity prices in three locations in West Bengal. Tests suggest that the markets are integrated, but a lower degree of integration of paddy and rice prices is identified. The hypothesis of full market integration is rejected. Structural and institutional factors which affect the specifics of performance are identified. Physical isolation, the institutional complexity of marketing systems and contractual forms, the polarisation of assets, assets specificity, the institutional control of information and price formation, the underdevelopment of linked markets and the idiosyncratic implementation of state regulatory policy and auto‐regulatory responses enter the explanation.
121 citations