Abstract
Economic, supply and demand, and external factors affect the price of energy. The price exhibits uncertainty , high volatility, seasonality, and spikes. One way of dealing with risk (Civ Eng Environ Syst 33(3):177–198, [1]) associated with energy prices, is through hedging with energy options. The value of energy options depends on the underlying price of energy.
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Carmichael DG (2016) Risk—a commentary. Civ Eng Environ Syst 33(3):177–198
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Carmichael, D.G. (2020). Energy Options. In: Future-proofing—Valuing Adaptability, Flexibility, Convertibility and Options. Management in the Built Environment. Springer, Singapore. https://doi.org/10.1007/978-981-15-0723-6_11
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DOI: https://doi.org/10.1007/978-981-15-0723-6_11
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