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Energy trading and risk management

Record Type:	Electronic resources : Monograph/item
Title/Author:	Energy trading and risk managementby Felix Müsgens, Alexander Bade.
Author:	Müsgens, Felix.
other author:	Bade, Alexander.
Published:	Cham :Springer Nature Switzerland :2024.
Description:	xiii, 211 p. :ill. (chiefly col.), digital ;24 cm.
Contained By:	Springer Nature eBook
Subject:	Commodity exchangesRisk management.
Online resource:	https://doi.org/10.1007/978-3-031-57238-8
ISBN:	9783031572388$q(electronic bk.)

Energy trading and risk management
Müsgens, Felix.

Energy trading and risk management[electronic resource] /by Felix Müsgens, Alexander Bade. - Cham :Springer Nature Switzerland :2024. - xiii, 211 p. :ill. (chiefly col.), digital ;24 cm.

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.

ISBN: 9783031572388$q(electronic bk.)

Standard No.: 10.1007/978-3-031-57238-8doiSubjects--Topical Terms:

979580
Commodity exchanges
--Risk management.

LC Class. No.: HG6046

Dewey Class. No.: 332.644

Energy trading and risk management
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245 1 0 $a Energy trading and risk management $h [electronic resource] / $c by Felix Müsgens, Alexander Bade.
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505 0 $a List of Figures -- PREFACE -- 1. Introduction -- 2. Products and Markets -- 3. Portfolio Management -- 4. Risk Management -- 5. Literaturverzeichnis -- 6. Glossary.
520 $a 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.
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650 2 4 $a Risk Management. $3 297189
650 2 4 $a Fossil Fuel. $3 913237
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