Framework to structure the Brazilian electricity futures market
International Journal of Energy Sector Management
ISSN: 1750-6220
Article publication date: 14 June 2021
Issue publication date: 29 July 2021
Abstract
Purpose
This study aims to formulate a mechanism design in the derivatives market, summarizing a framework to set up the Brazilian electricity futures market.
Design/methodology/approach
This exploratory study formulates a mechanism design in the derivatives market, summarizing a framework to set up the Brazilian electricity futures market.
Findings
The results show a positive economic outcome for the creation of the Brazilian futures electricity market.
Originality/value
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).
Keywords
Acknowledgements
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).
Citation
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
Publisher
:Emerald Publishing Limited
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