03379nam a22004815i 4500001001800000003000900018005001700027007001500044008004100059020001800100024003500118050001800153072001600171072002300187072001500210100007900225245010100304250001800405264006900423300006800492336002600560337002600586338003600612347002400648505016900672520153000841650002102371650001302392650003102405650004502436650001802481650004302499650002502542650002102567650001702588700007802605710003402683773002602717776003602743776003602779776003602815856004602851978-3-031-57238-8DE-He21320251030112651.0cr nn 008mamaa240726s2024    sz |    s    |||| 0|eng d  a97830315723887 a10.1007/978-3-031-57238-82doi 4aHD9502-9502.5 7aKNB2bicssc 7aBUS0700002bisacsh 7aKNB2thema1 aMüsgens, Felix.eauthor.4aut4http://id.loc.gov/vocabulary/relators/aut10aEnergy Trading and Risk Managementh[electronic resource] /cby Felix Müsgens, Alexander Bade.  a1st ed. 2024. 1aCham :bSpringer Nature Switzerland :bImprint: Springer,c2024.  aXIII, 211 p. 136 illus., 131 illus. in color.bonline resource.  atextbtxt2rdacontent  acomputerbc2rdamedia  aonline resourcebcr2rdacarrier  atext filebPDF2rda0 aList of Figures -- PREFACE -- 1. Introduction -- 2. Products and Markets -- 3. Portfolio Management -- 4. Risk Management -- 5. Literaturverzeichnis -- 6. Glossary.  aThis 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. 0aPower resources. 0aFinance. 0aFinancial risk management. 0aCogeneration of electric power and heat. 0aFossil fuels.14aNatural Resource and Energy Economics.24aFinancial Economics.24aRisk Management.24aFossil Fuel.1 aBade, Alexander.eauthor.4aut4http://id.loc.gov/vocabulary/relators/aut2 aSpringerLink (Online service)0 tSpringer Nature eBook08iPrinted edition:z978303157237108iPrinted edition:z978303157239508iPrinted edition:z978303157240140uhttps://doi.org/10.1007/978-3-031-57238-8