03761nam a22005655i 4500 978-3-031-57238-8 DE-He213 20251030112651.0 cr nn 008mamaa 240726s2024 sz | s |||| 0|eng d 9783031572388 978-3-031-57238-8 10.1007/978-3-031-57238-8 doi HD9502-9502.5 KNB bicssc BUS070000 bisacsh KNB thema Müsgens, Felix. author. aut http://id.loc.gov/vocabulary/relators/aut 81314 Energy Trading and Risk Management [electronic resource] / by Felix Müsgens, Alexander Bade. 1st ed. 2024. Cham : Springer Nature Switzerland : Imprint: Springer, 2024. XIII, 211 p. 136 illus., 131 illus. in color. online resource. text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda List of Figures -- PREFACE -- 1. Introduction -- 2. Products and Markets -- 3. Portfolio Management -- 4. Risk Management -- 5. Literaturverzeichnis -- 6. Glossary. This 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. Power resources. 62154 Finance. 58339 Financial risk management. 59046 Cogeneration of electric power and heat. 65839 Fossil fuels. 65840 Natural Resource and Energy Economics. 68780 Financial Economics. 69737 Risk Management. 59047 Fossil Fuel. 65842 Bade, Alexander. author. aut http://id.loc.gov/vocabulary/relators/aut 81315 SpringerLink (Online service) Springer Nature eBook Printed edition: 9783031572371 Printed edition: 9783031572395 Printed edition: 9783031572401 https://doi.org/10.1007/978-3-031-57238-8 ZDB-2-ECF ZDB-2-SXEF 61927 61927