Handbook of Risk Management in Energy Production and Trading

by Raimund M. Kovacevic, Georg C. Pflug, Maria Teresa Vespucci (editor)

This book presents an overview of the risks involved in modern electricity production, delivery and trading, including technical risk in production, transportation and delivery, operational risk for the system operators, market risks for traders, and political and other long term risks in strategic management. Using decision making under uncertainty as a methodological background, the book is divided into four parts, with Part I focusing on energy markets, particularly electricity markets. Topics include a nontechnical overview of energy markets and their main properties, basic price models for energy commodity prices, and modeling approaches for electricity price processes.

506 pages, Kindle Edition

First published May 14, 2014