?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=http%3A%2F%2Fmiis.maths.ox.ac.uk%2Fmiis%2F131%2F&rft.title=Calculation+of+a+risk+measure+for+the+net+system+load+profile&rft.creator=Russell%2C+Ken&rft.creator=Cerone%2C+Pietro&rft.creator=Challis%2C+Vivien&rft.subject=Energy+and+utilities&rft.subject=Finance&rft.description=The+Independent+Pricing+and+Regulatory+Tribunal+(%E2%80%9CIPART%E2%80%9D)+regulates+the+prices+electricity+retailers+can+charge+their+default+customers.+This+regulation+takes+the+form+of+a+default+tariff.+Currently%2C+IPART+considers+the+NSLP+of+each+standard+retailer%2C+and+any+projected+future+changes+in+these+NSLPs%2C+before+setting+tariff+levels+for+default+customers.%0AIn+the+process+of+constructing+the+default+tariff%2C+IPART+assumes+that+the+cost+of+purchasing+energy+is+equal+for+all+retailers.+IPART+also+makes+no+allowance+for+hedging+costs%2C+which+will+vary+depending+upon+the+NSLP+of+the+electricity+retailer.+If+one+retailer+has+more+NSLP+volatility+than+other+retailers%2C+their+hedging+costs+for+default+customers+will+increase.+Under+the+current+default+tariff+structure%2C+these+increased+hedging+costs+become+an+unrecoverable+expense.%0AThe+aim+of+this+project+is+to+explore+the+volatility+of+Integral+Energy%E2%80%99s+NSLP%2C+relative+to+that+of+other+retailers%2C+with+a+view+toward+developing+a+risk+multiplier+that+accurately+and+reliably+quantifies+the+volatility+differences+between+NSLPs.&rft.date=2007-02-09&rft.type=Study+Group+Report&rft.type=NonPeerReviewed&rft.format=application%2Fpdf&rft.language=en&rft.identifier=http%3A%2F%2Fmiis.maths.ox.ac.uk%2Fmiis%2F131%2F1%2Fmisg2007paper5.pdf&rft.identifier=++Russell%2C+Ken+and+Cerone%2C+Pietro+and+Challis%2C+Vivien++(2007)+Calculation+of+a+risk+measure+for+the+net+system+load+profile.++%5BStudy+Group+Report%5D+++++