Mathematical Modelling and Risk Management in Deregulated Electricity Markets
Title | Mathematical Modelling and Risk Management in Deregulated Electricity Markets PDF eBook |
Author | Stephen Davis |
Publisher | |
Pages | 204 |
Release | 2005 |
Genre | |
ISBN |
Quantitative Methods for Electricity Trading and Risk Management
Title | Quantitative Methods for Electricity Trading and Risk Management PDF eBook |
Author | S. Fiorenzani |
Publisher | Springer |
Pages | 188 |
Release | 2006-01-31 |
Genre | Business & Economics |
ISBN | 023059834X |
This book presents practical Risk Management and Trading applications for the Electricity Markets. Various methodologies developed over the last few years are considered and current literature is reviewed. The book emphasizes the relationship between trading, hedging and generation asset management.
Mathematical Modelling of Contemporary Electricity Markets
Title | Mathematical Modelling of Contemporary Electricity Markets PDF eBook |
Author | Athanasios Dagoumas |
Publisher | Academic Press |
Pages | 444 |
Release | 2021-01-30 |
Genre | Business & Economics |
ISBN | 0128218398 |
Mathematical Modelling of Contemporary Electricity Markets reviews major methodologies and tools to accurately analyze and forecast contemporary electricity markets in a ways that is ideal for practitioner and academic audiences. Approaches include optimization, neural networks, genetic algorithms, co-optimization, econometrics, E3 models and energy system models. The work examines how new challenges affect power market modeling, including discussions of stochastic renewables, price volatility, dynamic participation of demand, integration of storage and electric vehicles, interdependence with other commodity markets and the evolution of policy developments (market coupling processes, security of supply). Coverage addresses all major forms of electricity markets: day-ahead, forward, intraday, balancing, and capacity. Provides a diverse body of established techniques suitable for modeling any major aspect of electricity markets Familiarizes energy experts with the quantitative skills needed in competitive electricity markets Reviews market risk for energy investment decisions by stressing the multi-dimensionality of electricity markets
Managing Energy Risk
Title | Managing Energy Risk PDF eBook |
Author | Markus Burger |
Publisher | John Wiley & Sons |
Pages | 316 |
Release | 2008-04-30 |
Genre | Business & Economics |
ISBN | 9780470725467 |
Mathematical techniques for trading and risk management. Managing Energy Risk closes the gap between modern techniques from financial mathematics and the practical implementation for trading and risk management. It takes a multi-commodity approach that covers the mutual influences of the markets for fuels, emission certificates, and power. It includes many practical examples and covers methods from financial mathematics as well as economics and energy-related models.
Modeling and Forecasting Electricity Demand
Title | Modeling and Forecasting Electricity Demand PDF eBook |
Author | Kevin Berk |
Publisher | Springer |
Pages | 123 |
Release | 2015-01-20 |
Genre | Business & Economics |
ISBN | 3658086696 |
The master thesis of Kevin Berk develops a stochastic model for the electricity demand of small and medium-sized companies that is flexible enough so that it can be used for various business sectors. The model incorporates the grid load as an exogenous factor and seasonalities on a daily, weekly and yearly basis. It is demonstrated how the model can be used e.g. for estimating the risk of retail contracts. The uncertainty of electricity demand is an important risk factor for customers as well as for utilities and retailers. As a consequence, forecasting electricity load and its risk is now an integral component of the risk management for all market participants.
Uncertainty in the Electric Power Industry
Title | Uncertainty in the Electric Power Industry PDF eBook |
Author | Christoph Weber |
Publisher | Springer Science & Business Media |
Pages | 312 |
Release | 2006-01-06 |
Genre | Business & Economics |
ISBN | 0387230483 |
Around the world, liberalization and privatization in the electricity industry have lead to increased competition among utilities. At the same time, utilities are now exposed more than ever to risk and uncertainties, which they cannot pass on to their customers through price increases as in a regulated environment. Especially electricity-generating companies have to face volatile wholesale prices, fuel price uncertainty, limited long-term hedging possibilities and huge, to a large extent, sunk investments. In this context, Uncertainty in the Electric Power Industry: Methods and Models for Decision Support aims at an integrative view on the decision problems that power companies have to tackle. It systematically examines the uncertainties power companies are facing and develops models to describe them - including an innovative approach combining fundamental and finance models for price modeling. The optimization of generation and trading portfolios under uncertainty is discussed with particular focus on CHP and is linked to risk management. Here the concept of integral earnings at risk is developed to provide a theoretically sound combination of value at risk and profit at risk approaches, adapted to real market structures and market liquidity. Also methods for supporting long-term investment decisions are presented: technology assessment based on experience curves and operation simulation for fuel cells and a real options approach with endogenous electricity prices.
Energy Markets and Responsive Grids
Title | Energy Markets and Responsive Grids PDF eBook |
Author | Sean Meyn |
Publisher | Springer |
Pages | 516 |
Release | 2018-06-09 |
Genre | Science |
ISBN | 1493978225 |
This volume consists of selected essays by participants of the workshop Control at Large Scales: Energy Markets and Responsive Grids held at the Institute for Mathematics and its Applications, Minneapolis, Minnesota, U.S.A. from May 9-13, 2016. The workshop brought together a diverse group of experts to discuss current and future challenges in energy markets and controls, along with potential solutions. The volume includes chapters on significant challenges in the design of markets and incentives, integration of renewable energy and energy storage, risk management and resilience, and distributed and multi-scale optimization and control. Contributors include leading experts from academia and industry in power systems and markets as well as control science and engineering. This volume will be of use to experts and newcomers interested in all aspects of the challenges facing the creation of a more sustainable electricity infrastructure, in areas such as distributed and stochastic optimization and control, stability theory, economics, policy, and financial mathematics, as well as in all aspects of power system operation.