Analysis of Risk Transmission from Generation Right Trading to Generation Company Profit

摘要

With the booming of generation right trade(GRT) market, the GRT risk will exert an increasingly important impact on profit of power plants. Hence, Two conditional value at risk (CVaR) models are built for generation rights sellers and buyers respectively. Then, different proportion constraints are set to discuss the influence of GRT. A conclusion can be drawn that the variances of the ratio of generation right power amount may lead to different amount of distribution in different markets as well as the changes of the efficient frontier curves.