ELECTRICITY PURCHASING STRATEGIES IN THE SPANISH MARKET. CASE SUCCESS OF AN INDUSTRIAL COMPANY

Authors

  • MARIA ORTIZ CAVADA
  • Olatz Ukar Arrien
  • Aranzazu Mugica Arrien
  • MIKEL VEGA ANDRES

Keywords:

Mercado eléctrico, Riesgo, Estrategias de compra, Diversificación, Mercado de futuros, Electricity market, Risk, Purchasing strategies, Diversification, Futures market

Abstract

The deregulation of the electricity market has made the appearance of competition in the sector and therefore has made to emerge new risks. That is the reason why there are new activities to reduce these risks. These activities are typical of markets where financial assets are traded. All changes around the electricity sector have made electricity from being a basic necessity to be an asset. That is why it is essential the hedge. Thus, the final objective of this work is to establish a purchase algorithm that detects the optimal time to carry out operations on the OMIP market. This way it is hedged bullish positions in spot market and takes advantage of downward movement thereof. It has calculated the energy cost taking into account different options that the participant can take part of and has been tested its efficacy by experiments for four different years using real data of an industrial company.

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Published

2016-07-01

Issue

Vol 91, No 4 (2016)

Section

ARTICULOS

License

Al enviar el artículo para su evaluación y posterior publicación en la revista DYNA, el AUTOR cede de manera no exclusiva los derechos de comunicación pública, reproducción, distribución y venta para su explotación comercial a Publicaciones DYNA SL para un plazo de 50 años y en cualquier lengua y país. El AUTOR se hace responsable frente a Publicaciones DYNA SL de la autoría y originalidad de su obra, así como de todas las cargas pecuniarias que pudieran derivarse para Publicaciones DYNA SL, a favor de terceros con motivo de acciones, reclamaciones o conflictos derivados del incumplimiento de obligaciones por parte del AUTOR.