UID:
edoccha_9961612450802883
Format:
1 online resource (222 pages)
Edition:
1st ed.
ISBN:
9783031572388
Note:
Intro -- Preface -- Contents -- List of Figures -- 1 Introduction -- 1.1 Overview of Portfolio Management -- 1.2 Characteristics of Energy Commodities -- 1.3 Merit Order and Price Formation -- References -- 2 Products and Markets -- 2.1 Time Horizon of Energy Trading -- 2.1.1 The Trading Period -- 2.1.2 The Delivery Period -- 2.2 Day-Ahead Markets for Electricity -- 2.2.1 Aggregating Supply and Demand to a Market Price -- 2.2.2 Exemplary Day-Ahead Price Curves -- 2.3 Day-Ahead Markets for Natural Gas -- 2.4 Continuous Trading on Long-Term Markets -- 2.4.1 Platforms for Continuous Trading -- 2.4.2 The Bid-Ask Spread -- 2.4.3 Pay-Off Profile of Long-Term Contracts -- 2.5 Forwards, Futures and Non-standardised Products -- 2.5.1 Forwards and Futures -- 2.5.2 Non-standardised Products -- 2.5.3 Trading Places -- 2.6 Liquidity -- 2.7 Motivations for Trading -- Reference -- 3 Portfolio Management -- 3.1 Proprietary Trading on Wholesale Markets -- 3.1.1 Open Position of a Prop Trader -- 3.1.2 Balancing Groups-Trading and Physical System Stability -- 3.2 Energy Utility with a Retail Focus -- 3.2.1 Customer Types in the Retail Market -- 3.2.2 Contract Types in Retail Markets -- 3.2.3 Open Position of a Utility with Retail Focus -- 3.2.4 Revenue Generation -- 3.2.5 Portfolio Management Process -- 3.3 Energy Utility with a Generation Focus -- 3.3.1 Spreads and Profitability of Power Plants -- 3.3.2 Swaps -- 3.3.3 Options and Generation Assets' Real Optionality -- 3.3.4 Short-Term Markets and Flexibility -- 3.3.5 Optimisation of Generation Assets -- 3.4 Integrated Portfolio Management -- 3.4.1 Advanced Financial Product -- 3.4.2 A Day on a Trading Floor -- 3.5 Performance Measurement -- 3.5.1 Performance Measurement for the Whole Company -- 3.5.2 Performance Measurement Within the Organisation -- References -- 4 Risk Management -- 4.1 Types of Risks.
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4.2 Price Risk Management -- 4.2.1 Stress Value -- 4.2.2 Value-at-Risk -- 4.3 Credit Risk Management -- 4.3.1 Credit Risk Example -- 4.3.2 Factors Influencing Expected Credit Risk -- 4.3.3 Credit Rating and Credit Limits -- 4.4 Product Liquidity Risk Management -- 4.5 Risk Management Processes -- References -- Glossary.
Additional Edition:
Print version: Müsgens, Felix Energy Trading and Risk Management Cham : Springer,c2024 ISBN 9783031572371
Language:
English
