Energy and Power Risk Management

Energy and Power Risk Management addresses the complex issues and challenges arising in the expanding market for energy derivatives, providing readers with insight into the modeling, hedging, and risk management techniques utilized in the energy markets. This book offers a detailed analysis of a wide range of models, from fundamental to stochastic and everything in between. It also explores the problems of managing risks associated with energy derivatives, with special emphasis given to real options such as generation and storage assets. Real-world examples and current data illuminate important theoretical points.