Managing Energy Price Risk (3rd ed)

The New Challenges and SolutionsThird Edition

Publication Date	March 2004
Publisher	Risk Books
Product Type	Book
Pages	700
ISBN Number	1904339190
Product Code	RIS00317

Buy this product or for assistance call +44 20 7060 7474

PRINT £99.00$162 | €110

FAX Order above formats by FAX

Summary

Provides a complete review of the current state of the energy markets, with insights into how leading practitioners, academics and regulators are now tackling the issues and developments
All the main energy areas including natural gas, oil, coal and electricity as well as related markets such as emissions are covered within five easily accessible sub sections, each introduced by Vincent Kaminski to help correlate the entire book:
- Energy Instruments
- Developments in Energy Markets
- Risk Measurement and Reporting
- Tools for Risk Analysis
- Real Options
Relates quantitative issues to both the needs of today's corporations and to the reality of current market practice
Explains technical terms and concepts using worked examples and real life market insights
Largely re-written to incorporate developments over the last four years, this third edition now includes additional new chapters that cover the management of retail energy markets, gas storage, the emissions market, international coal markets and the issue of financial style hedging and risk management of assets that are subject to physical risk amongst others
Brings together contributions and insight from some of the world's most respected practitioners, academics and regulators to reflect the current state of price risk management in the energy industry
A near complete compendium of knowledge designed to enable risk managers and senior executives make more informed decisions as well as identifying some key unanswered questions to help direct future research on the subject matter

Content

Introduction
Vincent Kaminski, Rice University
Energy Instruments
- Section Introduction - Vincent Kaminski
- 1. Energy Swaps
  - Jack Kellett, Standard Bank London Ltd
- 2. Energy Options
  - Michael Hampton, HDS Shipping
- 3. Energy Exotic Options
  - Vincent Kaminski, Rice University and Stinson Gibner and Krishnarao Pinnamaneni, Constellation Power Source
- 4. Commodity Risk Management in Energy Project Finance
  - Lloyd Spencer, PricewaterhouseCoopers
Developments in Energy Markets
- Section Introduction - Vincent Kaminski
- 5. Risk and Regulatory Developments in US Energy Markets
  - William Hederman and Lee Ken-Choo, Federal Energy Regulatory Commission
- 6. The Oil Market
  - Etienne Amic and Phillipe Lautard, Elf Trading
- 7. The Natural Gas Market
  - Vincent Kaminski, Rice University and Ross Prevatt, Centrica
- 8. The Development of European Electricity Markets
  - Richard Lewis and Paul Dawson, Barclays Capital
- 9. Retail Energy Transactions in the US - Valuation, Risk and Supply
  - Mia T. Vu, Reliant
- 10. Dealing with Emissions
  - Cyriel de Jong, Rotterdam School of Management at Erasmas University and Kasper Walet and Andre Oosterom, Maycroft Consultancy Services
Risk Measurement and Reporting
- Section Introduction - Vincent Kaminski
- 11. VAR, Stress Testing and Supplementary Methodologies: Uses and Constraints in Power and Energy Portfolio Risk Management
  - Brian Senior, RWE Trading
- 12. Credit Risk in Power and Gas Markets
  - Ellen Lapson, Denise Furey and Richard Hunter, Fitch Ratings
- 13. Accounting vs. Economics: Not Always a Perfect Match
  - Lesley Knowlton, Deloitte and Touche
Tools for Risk Analysis
- Section Introduction - Vincent Kaminski
- 14. Power Forward Curves
  - Alexander Eydeland and Krzysztof Wolniac, Mirant Corp
- 15. Arbitrage-Free Valuation of Energy Derivatives
  - Kaushik Amin, Lehman Brothers, Victor Ng, Goldman Sachs and Craig Pirrong, Bauer College of Business at the University of Houston
- 16. Volatility in Energy Prices
  - Darell Duffie, Stanford University, Stephen Gray, University of Queensland and Philip Hoang, Australian National University
- 17. Correlation in Crude Oil and Natural Gas Markets
  - Carol Alexander, ISMA Centre, University of Reading Business School
Real Options
- Section Introduction - Vincent Kaminski
- 18. Real Options
  - Ehud I. Ronn, University of Taxas at Austin
- 19. Gas Storage Management
  - Cyriel de Jong, Rotterdam School of Management at Erasmas University and Kasper Walet and Andre Oosterom, Maycroft Consultancy Services
- 20. Valuation and Risk Management of Physical Assets
  - Steve Leppard, Gaselys