Modeling natural gas prices as a random walk: The advantages for generation planning

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1 Citation (Scopus)


Random walk modeling allows decision makers to evaluate risk mitigation strategies. Easily constructed, the random walk provides probability information that long-term fuel forecasts do not. This is vital to meeting the ratepayers' need for low-cost power, the shareholders' financial objectives, and the regulators' desire for straightforward information.

Original languageEnglish
Pages (from-to)61-67
Number of pages7
JournalElectricity Journal
Issue number9
Publication statusPublished - 1995


ASJC Scopus subject areas

  • Business and International Management
  • Management of Technology and Innovation
  • Energy (miscellaneous)
  • Law

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