Skip to main content

Energy Trading, Emission Certificates and Risk Management

  • Chapter
  • First Online:
Handbook Utility Management
  • 1520 Accesses

Abstract

One of the tasks of a utility company is to manage the risks that arise from the gaps between the obligation to make future deliveries of energy and the company’s assets. The goal of this chapter is to provide insights into these gaps and to discuss some risk management concepts and instruments that can be used to actively manage these risks.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 169.00
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 249.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 219.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Errera, S. & Brown, S. L. 1999. Fundamentals of trading energy futures & options. Tulsa: PennWell.

    Google Scholar 

  • Eydeland, A. & Wolyniec, K. 2002. Energy and power risk management: new developments in modeling, pricing and hedging. New Jersey: Wiley Finance.

    Google Scholar 

  • Fama, E. F. & French, K. F. 1987. Commodity futures prices: some evidence on forecast power, premiums, and the theory of storage. Journal of Business, 60: 55–73.

    Article  Google Scholar 

  • Huisman, R. 2008. The influence of temperature on spike probability in day-ahead power markets. Energy Economics, 30: 2697–2704.

    Article  Google Scholar 

  • Jorion, P. 2006. Value at risk (3rd ed.). New York: McGraw-Hill.

    Google Scholar 

  • Kosater, P. 2006. On the impact of weather on German hourly power prices. Unpublished Working Paper, University of Cologne.

    Google Scholar 

  • Lam, J. 2000. Enterprise-wide risk management and the role of the chief risk officer. ERisk.

    Google Scholar 

  • Lam, J. 2003. Enterprise risk management. New Jersey: Wiley Finance.

    Google Scholar 

  • Mount, T. D., Ning, Y. & Cai, X. 2006. Predicting price spikes in electricity markets using a regime-switching model with time-varying parameters. Energy Economics, 28: 62–80.

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2008 Springer-Verlag Berlin Heidelberg

About this chapter

Cite this chapter

Huisman, R. (2008). Energy Trading, Emission Certificates and Risk Management. In: Bausch, A., Schwenker, B. (eds) Handbook Utility Management. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-79349-6_21

Download citation

Publish with us

Policies and ethics