03673nam 22006375 450 991087804980332120250808085229.09783031572388(electronic bk.)978303157237110.1007/978-3-031-57238-8(MiAaPQ)EBC31569863(Au-PeEL)EBL31569863(CKB)33469054300041(DE-He213)978-3-031-57238-8(OCoLC)1450836388(EXLCZ)993346905430004120240726d2024 u| 0engurcnu||||||||txtrdacontentcrdamediacrrdacarrierEnergy Trading and Risk Management /by Felix Müsgens, Alexander Bade1st ed. 2024.Cham :Springer Nature Switzerland :Imprint: Springer,2024.1 online resource (222 pages)Print version: Müsgens, Felix Energy Trading and Risk Management Cham : Springer,c2024 9783031572371 List of Figures -- PREFACE -- 1. Introduction -- 2. Products and Markets -- 3. Portfolio Management -- 4. Risk Management -- 5. Literaturverzeichnis -- 6. Glossary.This book offers important insights into the intricacies of energy trading and risk management to students and professionals in the liberalized electricity and natural gas markets. In its opening chapter, the book delves into fundamental concepts, including price formation on wholesale markets. The various market places and trading products are presented, and the distinguishing characteristics of electricity and natural gas compared to other commodities are emphasised. Moving forward, the next chapter concentrates on portfolio management, offering insights into the trading process through the perspectives of various agents. It begins with proprietary traders and progresses to encompass the portfolio management activities of integrated companies responsible for both generation assets and a retail client base. The book then looks at risk management, explaining the diverse risks that impact the value of energy portfolios in the market. It places emphasis on credit risk, price risk, quantity risk, and product liquidity risk as the most influential factors and presents effective practices for their management. Furthermore, readers will gain a comprehensive understanding of how to manage quantity risk and its interconnectedness with price risk. Additionally, the book addresses the measurement of product liquidity and its disparities across different energy market products. In summary, this book is an accessible introduction and a concise reference for students and professionals across all fields of energy.Power resourcesFinanceFinancial risk managementCogeneration of electric power and heatFossil fuelsNatural Resource and Energy EconomicsFinancial EconomicsRisk ManagementFossil FuelPower resources.Finance.Financial risk management.Cogeneration of electric power and heat.Fossil fuels.Natural Resource and Energy Economics.Financial Economics.Risk Management.Fossil Fuel.333.79Müsgens Felix1761995Bade Alexander1761996MiAaPQMiAaPQMiAaPQ9910878049803321Energy Trading and Risk Management4201719UNINA