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Risk management is a significant factor in today s liberalized, restructured wholesale electricity markets. In particular this book analyzes the trading and investment risks due to transmission congestion both in the short- and long-term for market players such as generators, loads, traders, independent system operators and merchant investors.
The first part describes the book s theoretical foundation and background. The second part comprises eight research papers that analyze: several existing markets for transmission congestion derivatives; merchant long-term financial transmission
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Produktbeschreibung
Risk management is a significant factor in today s
liberalized, restructured wholesale electricity
markets. In particular this book analyzes the trading
and investment risks due to transmission congestion
both in the short- and long-term for market players
such as generators, loads, traders, independent
system operators and merchant investors.

The first part describes the book s theoretical
foundation and background.
The second part comprises eight research papers that
analyze: several existing markets for transmission
congestion derivatives; merchant long-term financial
transmission rights; the risks of the independent
system operator in providing financial transmission
rights; inefficiencies associated with ignoring
losses when utilizing area (zonal) pricing; and an
application of an integrated risk management model to
the power sysem of Norway s second largest hydropower
producer.

Researchers, energy economists, power system
engineers, operators, planners and policy makers will
find this book of value.
Autorenporträt
PhD: Studied Electrical Power Engineering at
Norwegian University of Science and Technology. Energy Trading
Analyst at RBS Sempra Commodities.