1.

Record Nr.

UNINA9910304142003321

Autore

Berk Kevin

Titolo

Modeling and Forecasting Electricity Demand : A Risk Management Perspective / / by Kevin Berk

Pubbl/distr/stampa

Wiesbaden : , : Springer Fachmedien Wiesbaden : , : Imprint : Springer Spektrum, , 2015

ISBN

3-658-08669-6

Edizione

[1st ed. 2015.]

Descrizione fisica

1 online resource (123 p.)

Collana

BestMasters, , 2625-3577

Disciplina

333.79

338926

519.2

621.042

658.26

Soggetti

Energy policy

Probabilities

Energy consumption

Energy Policy, Economics and Management

Probability Theory and Stochastic Processes

Energy Efficiency

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Electricity Market -- Energy Economy in Enterprises -- Time Series Analysis -- A one Factor Model for medium-term Load Forecasting -- Retail Contract Evaluation and Pricing -- MATLAB Implementation.

Sommario/riassunto

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.  Contents Electricity Market Energy Economy in Enterprises Time Series Analysis A one Factor Model for medium-term Load Forecasting Retail Contract Evaluation and Pricing MATLAB Implementation  Target  Groups Researchers and students in energy economics or mathematics and statistics with a focus on applications in energy markets Professionals in electricity utilities, energy vendors, risk management  The Author Kevin Berk is a Ph.D. student at the Mathematics Department of the University Siegen, Germany. His major research focus is risk management and time series models with applications in energy markets.