Theoretical and practical aspects of the emission trading
Keywords:
CO2 quota, emission trading, CO2 - quota cost hedgingAbstract
The CO2 trade has fallen to the third since 2013. In this time, the participants of the market have increasingly concerned to allocation that the additional cost associated with the coverage of the quota price of electricity will be taken into account or not. If you take into account the extent to which it will be, or at least provided with full or partial reimbursement. Another important question is what strategies should be used against rising CO2 allowance prices. All of these pose great challenges for power generation sector. Especially for that because they have been a longterm-oriented sector where the long investment cycles accordingly.
This paper presents a long-term strategic model, in which the current CO2 allowance prices in the 2016-2020 periods are examined as hedging, namely protection against adverse price movements, the volatility of the portfolio over time to reduce a desired price level determination of feasible.
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