Chengming Zhu ’13
Electricity Forward Pricing and Electricity Market Coupling
I worked this summer with Dr. Michael Coulon in Princeton Laboratory of Energy Systems Analysis (PENSA), within the Operations Research and Financial Engineering Department (ORFE). The major project I was involved in was the study of multi-fuel dependent electricity pricing and the influence of European market coupling on the electricity spot and forward price. My major goal was to develop quantitative and analytic skills, to apply a mathematical model, and to develop computation solutions to real life problems involving uncertainty. Dr. Coulon and I investigated new approaches to electricity forward pricing, by constructing a MATLAB model for simulation and closed-form approximation, and then conducted back testing on the existing data. It was an extremely rewarding summer.
Climate and Energy
Princeton University, Princeton, New Jersey
Warren Powell, Professor of Operations Research and Financial Engineering, Director, Program in Engineering and Management Systems