Review
"Provides a sound foundation in both the basic and complex aspects of finding opportunities while managing risk in electricity trading." --
Daniel E. White, Executive Vice President, Pace Global Energy Services"This book has done a great job of collecting a useful array of topics important to the merchant energy business." --
Aram G. Sogomonian, Constellation Power Source, VP Risk ManagementA comprehensive, well arranged volume... a must-read for decision makers involved in any link in the electricity value chain. --
Chris Papousek, Managing Director, The New York Mercantile ExchangeA must read if you want a deeper understanding of the pricing techniques in minimizing risk in the electricity markets. --
Ron Levi, Managing Director, GFI GroupA thorough introduction to this important field, covering a wide range of topics, from engineering through trading to political issues. --
Dr. Jörg Spicker, Vorstand/Member of the Board, Atel Energie AG
Product Description
Examining the flexibility and resultant opportunities brought about by deregulation in the electricity industry, this multi-contributor book will help you in all aspects of decision making within the sector from fuel sources to generation, transmission, distribution, and supply.
Illustrates the many options and tools available to assist with the decision-making process at each stage of the supply chain whilst alerting you to the various new risks formed by increased market uncertainty.
Provides you with all the necessary tools to easily apply the featured methodologies in your own work.
The title's emphasis on the application of theory to practical situations makes it highly relevant to both practitioners, who apply the theory to practice, and academics who study the effectiveness of the applications.
Features comprehensive and accessible coverage of: fuel trading, renewables and intermittent energy sources, forecasting and other analytical tools, transmission, retail power contracts, exotic options and flexibility, and regulation and deregulation risks.
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