Managing Energy Risk

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Managing Energy Risk 2e presents a detailed introduction to the specifics of energy markets, including oil, gas and power. It combines the economics of these markets with typical risk management tools like forwards, futures and derivatives. The basics of the mathematics behind the pricing technology of derivatives are carefully described to the readers. With their engaging and pedagogical style, the authors go through the important steps in structural and fundamental price modeling. The impact of renewable power sources, like wind and solar is covered. This unique book provides an excellent starting point for those who want to learn about energy markets. Moreover, researchers and practitioners will also find a complete collection of knowledge on the aspects of risk management and the economics of modern energy markets, where renewable power plays alongside with the classical carbon energies. Fred Espen Benth, Professor of Mathematical Finance, Centre of Mathematics for Applications, University of Oslo Managing Energy Risk 2e is a comprehensive and practical book on the various aspects of energy risk, providing useful guidance to the rapidly changing energy markets. The book combines expert knowledge of practice with the necessary mathematical background. Anyone interested in energy markets will find this book useful. Beginners may use it as a starting point for the subject and will quickly gain access to some of the most important areas of energy markets and the relevant modeling approaches. Experienced experts will appreciate the intuitive and mathematically accurate treatment of many fundamental concepts. Practitioners, academics and students of the financial aspects of energy markets will greatly benefit from working with this book. Professor Rdiger Kiesel, Chair for Energy Trading and Finance, University Duisburg-Essen The first edition of this book was well structured and extremely valuable. The second one is even more new chapters on renewable energy and retail markets and a lot of new material in the other parts. This is a must-read for anyone who wants to get a clear and comprehensive overview on energy markets, price formation and valuation. It is exceptionally useful both for practitioners and advanced courses on the subject. Christoph Weber, Professor for Management Sciences and Energy Economics, University Duisburg-Essen

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Markus Burger (Auteur) - Verschenen op 01/08/2014 bij John Wiley & Sons Inc.