Competitive energy suppliers are infuriated by Michigan’s regulatory framework. The state partially unbundled its utilities, but left generation tied to retail operations. Then it opened the...
Merchant Power: When Hedging and Profits Collide
Does too much risk management mean leaving money on the table?
prices and the plant’s operations. The output includes operating margins and EBITDA. For example, 1,000 market scenarios generate 1,000 different EBITDA amounts for any given month.