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Modeling and Forecasting Electricity Demand

A Risk Management Perspective

  • Kevin Berk

Part of the BestMasters book series (BEST)

Table of contents

  1. Front Matter
    Pages 1-16
  2. Kevin Berk
    Pages 5-9
  3. Kevin Berk
    Pages 11-23
  4. Kevin Berk
    Pages 25-52
  5. Kevin Berk
    Pages 91-95
  6. Kevin Berk
    Pages 97-98
  7. Back Matter
    Pages 99-115

About this book

Introduction

The master thesis of Kevin Berk develops a stochastic model for the electricity demand of small and medium-sized companies that is flexible enough so that it can be used for various business sectors. The model incorporates the grid load as an exogenous factor and seasonalities on a daily, weekly and yearly basis. It is demonstrated how the model can be used e.g. for estimating the risk of retail contracts. The uncertainty of electricity demand is an important risk factor for customers as well as for utilities and retailers. As a consequence, forecasting electricity load and its risk is now an integral component of the risk management for all market participants.

 Contents

  • Electricity Market
  • Energy Economy in Enterprises
  • Time Series Analysis
  • A one Factor Model for medium-term Load Forecasting
  • Retail Contract Evaluation and Pricing
  • MATLAB Implementation

 Target  Groups

  • Researchers and students in energy economics or mathematics and statistics with a focus on applications in energy markets
  • Professionals in electricity utilities, energy vendors, risk management

 The Author

Kevin Berk is a Ph.D. student at the Mathematics Department of the University Siegen, Germany. His major research focus is risk management and time series models with applications in energy markets.

Keywords

Energy Markets Load Forecasting Retail Contracts Risk Management Time Series Analysis

Authors and affiliations

  • Kevin Berk
    • 1
  1. 1.MathematikUniversität SiegenSiegenGermany

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-658-08669-5
  • Copyright Information Springer Fachmedien Wiesbaden 2015
  • Publisher Name Springer Spektrum, Wiesbaden
  • eBook Packages Behavioral Science
  • Print ISBN 978-3-658-08668-8
  • Online ISBN 978-3-658-08669-5
  • Buy this book on publisher's site
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