LEADER 05592nam 2200697 450 001 9910132197003321 005 20200520144314.0 010 $a1-118-61850-5 010 $a1-118-61858-0 010 $a1-118-61862-9 035 $a(CKB)3710000000134475 035 $a(EBL)1719563 035 $a(OCoLC)881888008 035 $a(SSID)ssj0001261113 035 $a(PQKBManifestationID)11740014 035 $a(PQKBTitleCode)TC0001261113 035 $a(PQKBWorkID)11312215 035 $a(PQKB)11258724 035 $a(OCoLC)884590353 035 $a(MiAaPQ)EBC1719563 035 $a(DLC) 2014022546 035 $a(Au-PeEL)EBL1719563 035 $a(CaPaEBR)ebr10888778 035 $a(PPN)185632769 035 $a(EXLCZ)993710000000134475 100 $a20140717h20142014 uy 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aManaging energy risk $ea practical guide for risk management in power, gas and other energy markets /$fMarkus Burger, Bernhard Graeber, Gero Schindlmayr 205 $aSecond edition. 210 1$aChichester, England :$cWiley,$d2014. 210 4$dİ2014 215 $a1 online resource (451 p.) 225 1 $aWiley Finance Series 300 $aRevised edition of the authors' Managing energy risk : an integrated view on power and other energy markets, published in 2007. 311 $a1-118-61863-7 320 $aIncludes bibliographical references and index. 327 $aManaging Energy Risk; Contents; Preface; Acknowledgements; 1 Energy Markets; 1.1 Energy Trading; 1.1.1 Spot Market; 1.1.2 Forwards and Futures; 1.1.3 Commodity Swaps; 1.1.4 Options; 1.1.5 Delivery Terms; 1.2 The Oil Market; 1.2.1 Consumption, Production and Reserves; 1.2.2 Crude Oil Trading; 1.2.3 Refined Oil Products; 1.3 The Natural Gas Market; 1.3.1 Consumption, Production and Reserves; 1.3.2 Natural Gas Trading; 1.3.3 Liquefied Natural Gas; 1.4 The Coal Market; 1.4.1 Consumption, Production and Reserves; 1.4.2 Coal Trading; 1.4.3 Freight; 1.5 The Electricity Market 327 $a1.5.1 Consumption and Production 1.5.2 Electricity Trading; 1.5.3 Electricity Exchanges; 1.6 The Emissions Market; 1.6.1 Kyoto Protocol; 1.6.2 EU Emissions Trading Scheme; 1.6.3 Flexible Mechanisms; 1.6.4 Products and Marketplaces; 1.6.5 Other Emissions Trading Schemes; 2 Renewable Energy; 2.1 The Role of Renewable Energy in Electricity Generation; 2.1.1 Historical Development; 2.1.2 Political Targets; 2.1.3 Forecasts; 2.2 The Role of Liquid Biofuels in the Transportation Sector; 2.3 Renewable Energy Technologies; 2.3.1 Hydropower; 2.3.2 Wind Power; 2.3.3 Solar Energy; 2.3.4 Geothermal Energy 327 $a2.3.5 Bioenergy 2.3.6 Not Widespread Renewable Energies; 2.4 Support Schemes for Renewable Energy; 2.4.1 Feed-In Tariffs; 2.4.2 Net Metering; 2.4.3 Electric Utility Quota Obligations and Tradable Certificates; 2.4.4 Auctions; 2.4.5 Subsidies, Investment Grants and Tax Benefits; 2.5 Key Economic Factors of Renewable Energy Projects; 2.5.1 The Project Developer's Perspective; 2.5.2 The Project Investor's Perspective; 2.6 Risks in Renewable Energy Projects and their Mitigation; 2.6.1 Project Development Risks; 2.6.2 Construction Risks; 2.6.3 Resource Risks; 2.6.4 Technical Risks 327 $a2.6.5 Market Risks2.6.6 Regulatory Risks; 2.6.7 Other Operational Risks; 3 Risk Management; 3.1 Governance Principles and Market Regulation; 3.2 Market Risk; 3.2.1 Delta Position; 3.2.2 Variance Minimising Hedging; 3.2.3 Value-at-Risk; 3.2.4 Estimating Volatilities and Correlations; 3.2.5 Backtesting; 3.2.6 Liquidity-Adjusted Value-at-Risk; 3.2.7 Profit-at-Risk and Further Risk Measures; 3.3 Legal Risk; 3.4 Credit Risk; 3.4.1 Credit Rating; 3.4.2 Quantifying Credit Risk; 3.5 Liquidity Risk; 3.6 Operational Risk; 4 Retail Markets; 4.1 Interaction of Wholesale and Retail Markets 327 $a4.2 Retail Products4.2.1 Fixed-Price Contracts; 4.2.2 Indexed Contracts; 4.2.3 Full Service Contracts; 4.2.4 Partial Delivery Contracts; 4.2.5 Portfolio Management; 4.2.6 Supplementary Products; 4.3 Sourcing; 4.3.1 Sourcing Fixed-Price Contracts; 4.3.2 Sourcing Indexed Contracts; 4.3.3 Sourcing B2C Contracts; 4.4 Load Forecasting; 4.5 Weather Risk in Gas Retail Markets; 4.5.1 Weather Derivatives; 4.6 Risk Premiums; 4.6.1 Risk-Adjusted Return on Capital; 4.6.2 Price Validity Period; 4.6.3 Structuring Fee and Balancing Energy; 4.6.4 Credit Risk; 4.6.5 Volume and Price Profile Risk 327 $a4.6.6 Operational Risk 330 $aManaging Energy Risk is a practical guide to using modern techniques in financial mathematics for trading energy. Following the successful first edition of the book, this second edition catches up with significant developments of energy markets over the last years and contains plenty of new material especially on gas markets and renewable energy. Taking a multi-commodity view on the energy markets, addressing electricity, gas, coal, oil and CO2 emissions and explaining their fundamental relations, this book is a comprehensive overview of the energy markets and their products explainin 410 0$aWiley finance series. 606 $aEnergy industries$xRisk management 615 0$aEnergy industries$xRisk management. 676 $a333.79 700 $aBurger$b Markus$0958661 702 $aSchindlmayr$b Gero 702 $aGraeber$b Bernhard 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910132197003321 996 $aManaging energy risk$92172257 997 $aUNINA