TY - BOOK ID - 8801252 TI - Valuation, hedging and speculation in competitive electricity markets : a fundamental approach. AU - Skantze, Petter L. AU - Ilic, Marija D. PY - 2001 SN - 0792375289 1461356857 146151701X PB - Boston Kluwer Academic DB - UniCat KW - 338 KW - Economische situatie. Economische structuur van bepaalde landen en gebieden. Economische geografie. Economische produktie.economische produkten. Economische diensten KW - 338 Economische situatie. Economische structuur van bepaalde landen en gebieden. Economische geografie. Economische produktie.economische produkten. Economische diensten KW - Electric utilities KW - Stocks KW - Common shares KW - Common stocks KW - Equities KW - Equity capital KW - Equity financing KW - Shares of stock KW - Stock issues KW - Stock offerings KW - Stock trading KW - Trading, Stock KW - Securities KW - Bonds KW - Corporations KW - Going public (Securities) KW - Stock repurchasing KW - Stockholders KW - Electric companies KW - Electric light and power industry KW - Electric power industry KW - Electric industries KW - Energy industries KW - Public utilities KW - Finance&delete& KW - Mathematical models KW - Prices&delete& KW - Electrical engineering. KW - Energy policy. KW - Energy and state. KW - Electrical Engineering. KW - Energy Policy, Economics and Management. KW - Energy and state KW - Power resources KW - State and energy KW - Industrial policy KW - Energy conservation KW - Electric engineering KW - Engineering KW - Government policy KW - Finance KW - Prices UR - https://www.unicat.be/uniCat?func=search&query=sysid:8801252 AB - The challenges currently facing particIpants m competitive electricity markets are unique and staggering: unprecedented price volatility, a crippling lack of historical market data on which to test new modeling approaches, and a continuously changing regulatory structure. Meeting these challenges will require the knowledge and experience of both the engineering and finance communities. Yet the two communities continue to largely ignore each other. The finance community believes that engineering models are too detailed and complex to be practically applicable in the fast changing market environment. Engineers counter that the finance models are merely statistical regressions, lacking the necessary structure to capture the true dynamic properties of complex power systems. While both views have merit, neither group has by themselves been able to produce effective tools for meeting industry challenges. The goal of this book is to convey the fundamental differences between electricity and other traded commodities, and the impact these differences have on valuation, hedging and operational decisions made by market participants. The optimization problems associated with these decisions are formulated in the context of the market realities of today's power industry, including a lack of liquidity on forward and options markets, limited availability of historical data, and constantly changing regulatory structures. ER -