Framework to structure the Brazilian electricity futures market
International Journal of Energy Sector Management
Article publication date: 14 June 2021
Issue publication date: 29 July 2021
This study aims to formulate a mechanism design in the derivatives market, summarizing a framework to set up the Brazilian electricity futures market.
This exploratory study formulates a mechanism design in the derivatives market, summarizing a framework to set up the Brazilian electricity futures market.
The results show a positive economic outcome for the creation of the Brazilian futures electricity market.
The main feature in this work is to summarize a framework to set up the Brazilian electricity futures market applying mechanism design, applicable in other countries. The features of the mechanism are the space of expected results (Z), the strategies to survey the environmental space (θ) and the mechanism design – messages space (M).
Carlos Heitor Campani would like to thank the following Brazilian institutions for financial support to his research: Brasilprev Research Chair, ENS (Escola Nacional de Seguros), CNPq (National Council for Scientific and Technological Development), FAPERJ (Fundação de Amparo à Pesquisa do Estado do Rio de Janeiro), and Quantum Finance (Data Provider).
de Souza, W., Campani, C.H., Bohl, M., Palazzi, R. and de Oliveira, F. (2021), "Framework to structure the Brazilian electricity futures market", International Journal of Energy Sector Management, Vol. 15 No. 5, pp. 914-932. https://doi.org/10.1108/IJESM-04-2019-0011
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