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001 978-3-031-57238-8
003 DE-He213
005 20251030112651.0
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020 _a9783031572388
_9978-3-031-57238-8
024 7 _a10.1007/978-3-031-57238-8
_2doi
050 4 _aHD9502-9502.5
072 7 _aKNB
_2bicssc
072 7 _aBUS070000
_2bisacsh
072 7 _aKNB
_2thema
100 1 _aMüsgens, Felix.
_eauthor.
_4aut
_4http://id.loc.gov/vocabulary/relators/aut
_981314
245 1 0 _aEnergy Trading and Risk Management
_h[electronic resource] /
_cby Felix Müsgens, Alexander Bade.
250 _a1st ed. 2024.
264 1 _aCham :
_bSpringer Nature Switzerland :
_bImprint: Springer,
_c2024.
300 _aXIII, 211 p. 136 illus., 131 illus. in color.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 _aList of Figures -- PREFACE -- 1. Introduction -- 2. Products and Markets -- 3. Portfolio Management -- 4. Risk Management -- 5. Literaturverzeichnis -- 6. Glossary.
520 _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.
650 0 _aPower resources.
_962154
650 0 _aFinance.
_958339
650 0 _aFinancial risk management.
_959046
650 0 _aCogeneration of electric power and heat.
_965839
650 0 _aFossil fuels.
_965840
650 1 4 _aNatural Resource and Energy Economics.
_968780
650 2 4 _aFinancial Economics.
_969737
650 2 4 _aRisk Management.
_959047
650 2 4 _aFossil Fuel.
_965842
700 1 _aBade, Alexander.
_eauthor.
_4aut
_4http://id.loc.gov/vocabulary/relators/aut
_981315
710 2 _aSpringerLink (Online service)
773 0 _tSpringer Nature eBook
776 0 8 _iPrinted edition:
_z9783031572371
776 0 8 _iPrinted edition:
_z9783031572395
776 0 8 _iPrinted edition:
_z9783031572401
856 4 0 _uhttps://doi.org/10.1007/978-3-031-57238-8
912 _aZDB-2-ECF
912 _aZDB-2-SXEF
999 _c61927
_d61927