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International Series in Operations Research & Management Science

Handbook of Risk Management in Energy Production and Trading

Editors: Kovacevic, Raimund, Pflug, Georg Ch., Vespucci, Maria Th. (Eds.)

  • First modern book to consider financial and production risk in energy markets
  • Examines markets and prices, decision making, renewable sources, and long term risk
  • Contributing authors are some of the biggest names in the field​
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Buy this book

eBook $189.00
price for USA in USD (gross)
  • ISBN 978-1-4614-9035-7
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $249.99
price for USA in USD
  • ISBN 978-1-4614-9034-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $249.99
price for USA in USD
  • ISBN 978-1-4899-7970-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

This book presents an overview of the risks involved in modern electricity production, delivery and trading, including technical risk in production, transportation and delivery, operational risk for the system operators, market risks for traders, and political and other long term risks in strategic management. Using decision making under uncertainty as a methodological background, the book is divided into four parts, with Part I focusing on energy markets, particularly electricity markets. Topics include a nontechnical overview of energy markets and their main properties, basic price models for energy commodity prices, and modeling approaches for electricity price processes.

Part II looks at optimal decisions in managing energy systems, including hydropower dispatch models, cutting plane algorithms and approximative dynamic programming; hydro-thermal production; renewable; stochastic investments and operational optimization models for natural gas transport; decision making in operating electricity networks; and investment in extending energy production systems.

Part III explores pricing, including electricity swing options and the pricing of derivatives with volume control. Part IV looks at long-term and political risks, including energy systems under aspects of climate change, and catastrophic operational risks, particularly risks from terrorist attacks.

Table of contents (18 chapters)

  • Energy Markets

    Gross, Peter (et al.)

    Pages 3-24

  • Introduction to Price Models for Energy

    D’Ecclesia, Rita L.

    Pages 25-45

  • Price Dynamics in Electricity Markets

    Paraschiv, Florentina

    Pages 47-69

  • Price-Driven Hydropower Dispatch Under Uncertainty

    Densing, Martin

    Pages 73-104

  • On Cutting Plane Algorithms and Dynamic Programming for Hydroelectricity Generation

    Philpott, Andy (et al.)

    Pages 105-127

Buy this book

eBook $189.00
price for USA in USD (gross)
  • ISBN 978-1-4614-9035-7
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $249.99
price for USA in USD
  • ISBN 978-1-4614-9034-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $249.99
price for USA in USD
  • ISBN 978-1-4899-7970-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Handbook of Risk Management in Energy Production and Trading
Editors
  • Raimund Kovacevic
  • Georg Ch. Pflug
  • Maria Th. Vespucci
Series Title
International Series in Operations Research & Management Science
Series Volume
199
Copyright
2013
Publisher
Springer US
Copyright Holder
Springer Science+Business Media New York
eBook ISBN
978-1-4614-9035-7
DOI
10.1007/978-1-4614-9035-7
Hardcover ISBN
978-1-4614-9034-0
Softcover ISBN
978-1-4899-7970-4
Series ISSN
0884-8289
Edition Number
1
Number of Pages
XV, 505
Number of Illustrations
68 b/w illustrations, 81 illustrations in colour
Topics