Managing Energy Risk An Integrated View on Power and Other Energy Markets 2nd Edition by Markus Burger, Bernhard Graeber, Gero Schindlmayr 9781118618639 1118618637

Managing Energy Risk An Integrated View on Power and Other Energy Markets 2nd Edition by Markus Burger, Bernhard Graeber, Gero Schindlmayr  – Ebook PDF Instant Download/Delivery:9781118618639, 1118618637
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ISBN 10: 1118618637
ISBN 13: 9781118618639
Author: Markus Burger, Bernhard Graeber, Gero Schindlmayr 

An overview of today’s energy markets from a multi-commodity perspective As global warming takes center stage in the public and private sectors, new debates on the future of energy markets and electricity generation have emerged around the world. The Second Edition of Managing Energy Risk has been updated to reflect the latest products, approaches, and energy market evolution. A full 30% of the content accounts for changes that have occurred since the publication of the first edition. Practitioners will appreciate this contemporary approach to energy and the comprehensive information on recent market influences. A new chapter is devoted to the growing importance of renewable energy sources, related subsidy schemes and their impact on energy markets. Carbon emissions certificates, post-Fukushima market shifts, and improvements in renewable energy generation are all included. Further, due to the unprecedented growth in shale gas production in recent years, a significant amount of material on gas markets has been added in this edition. Managing Energy Risk is now a complete guide to both gas and electricity markets, and gas-specific models like gas storage and swing contracts are given their due. The unique, practical approach to energy trading includes a comprehensive explanation of the interactions and relations between all energy commodities. Thoroughly revised to reflect recent changes in renewable energy, impacts of the financial crisis, and market fluctuations in the wake of Fukushima Emphasizes both electricity and gas, with all-new gas valuation models and a thorough description of the gas market Written by a team of authors with theoretical and practical expertise, blending mathematical finance and technical optimization Covers developments in the European Union Emissions Trading Scheme, as well as coal, oil, natural gas, and renewables The latest developments in gas and power markets have demonstrated the growing importance of energy risk management for utility companies and energy intensive industry. By combining energy economics models and financial engineering, Managing Energy Risk delivers a balanced perspective that captures the nuances in the exciting world of energy.

Managing Energy Risk An Integrated View on Power and Other Energy Markets 2nd Table of contents:

Chapter 1: Energy Markets
1.1 Energy Trading
1.2 The Oil Market
1.3 The Natural Gas Market
1.4 The Coal Market
1.5 The Electricity Market
1.6 The Emissions Market
Notes

Chapter 2: Renewable Energy
2.1 The Role of Renewable Energy in Electricity Generation
2.2 The Role of Liquid Biofuels in the Transportation Sector
2.3 Renewable Energy Technologies
2.4 Support Schemes for Renewable Energy
2.5 Key Economic Factors of Renewable Energy Projects
2.6 Risks in Renewable Energy Projects and their Mitigation
Note

Chapter 3: Risk Management
3.1 Governance Principles and Market Regulation
3.2 Market Risk
3.3 Legal Risk
3.4 Credit Risk
3.5 Liquidity Risk
3.6 Operational Risk
Note

Chapter 4: Retail Markets
4.1 Interaction of Wholesale and Retail Markets
4.2 Retail Products
4.3 Sourcing
4.4 Load Forecasting
4.5 Weather Risk in Gas Retail Markets
4.6 Risk Premiums

Chapter 5: Energy Derivatives
5.1 Forwards, Futures and Swaps
5.2 Commodity Forward Curves
5.3 “Plain Vanilla” Options
5.4 American, Bermudan and Asian Options
5.5 Multi-Underlying Options
5.6 Modelling Spot Prices
5.7 Stochastic Forward Curve Models
Note

Chapter 6: Stochastic Models for Electricity and Gas
6.1 Daily and Hourly Forward Curve Models
6.2 Structural Electricity Price Models
6.3 Structural Gas Price Models

Chapter 7: Fundamental Market Models
7.1 Fundamental Price Drivers in Electricity Markets
7.2 Economic Power Plant Dispatch
7.3 Methodological Approaches
7.4 Relevant System Information for Electricity Market Modelling
7.5 Application of Electricity Market Models
7.6 Gas Market Models
7.7 Market Models for Oil, Coal and CO2 Markets
7.8 Asset Investment Decisions
Notes

Appendix: Mathematical Background
A.1 Econometric Methods
A.2 Stochastic Processes
A.3 Option Pricing Theory

References
Index

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Markus Burger,Bernhard Graeber,Gero Schindlmayr,Managing Energy