EnergyRisk: Development of a risk management model for the Public Power Corporation S.A., funded by the PPC S.A., Project 3803110000, Research Center of the University of Piraeus

The project aims at the development of a model for providing risk metrics, such as profit at risk and value at risk, for the Public Power Corporation S.A., the biggest power producer and supplier in Greece. By developing an optimization model that solves the unit commitment problem, namely the optimum dispatch of power units satisfying also economic, technical and environmental constraints. The model endogenizes critical uncertainties, such as the fuel and CO2 emission allowances prices, by implementing monte-carlo analysis, towards providing the risk for market participants.