Energy and Power Risk Management - 9780471784210

Tools and methods for analysis and management of energy risk

Energy and Power Risk Management, Second Edition addresses the complex issues and challenges arising in the expanding market for energy derivatives, providing you with insight into modeling, hedging, and risk management techniques utilized in the energy markets.

This fully revised and updated Second Edition provides significantly more coverage of the oil and oil product markets as well as commodity-linked fixed-income products, and also reviews the impact technical developments in modeling and model estimation have made within this industry over the last few years.

• Expands the coverage of principal trading/risk management strategies in commodities markets, including convergence trading and structured risk trading (volatility and correlation)
• Contains tools and strategies for producers, wholesale consumers, investors, and dedicated risk management participants of the commodity markets
• Provides a detailed discussion of underlying fundamental issues, such as supply/demand relations, outages, and operational and environmental constraints that can have a dramatic impact on the value and behavior of energy derivatives and assets
• Uses real-world examples and current data to illuminate all of its most important theoretical points

Energy and Power Risk Management, Second Edition is an essential read for anyone involved in this evolving field.