Research and Markets: Managing Energy Price Risk: The New Challenges and Solutions.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com) has announced the addition of Managing Energy Price Risk 3rd Edition: The New Challenges and Solutions to their offering. The definitive third edition of the best-selling multi-author reference source on global energy and power markets. Fully revised, updated and extended to incorporate current market realities and theory enabling practitioners to effectively measure, structure, hedge and manage risk in today's energy related transactions - Provides a complete review of the current state of the energy markets, with insights into how leading practitioners, academics and regulators are now tackling the issues and developments - All the main energy areas including natural gas, oil, coal and electricity as well as related markets such as emissions are covered within five easily accessible sub sections, each introduced by Vincent Kaminski Vincent Julian Kaminski was born in Poland and worked as the Managing Director for Research at the failed energy trading corporation Enron until 2002. In this capacity he led a team of approximately fifty analysts who developed quantitative models to support energy trading. that help correlate the entire book - - Energy Instruments - Developments in Energy Markets - Risk Measurement and Reporting - Tools for Risk Analysis - Real Options - Relates quantitative issues to both the needs of today's corporations and to the reality of current market practice - Explains technical terms and concepts using worked examples and real life market insights - Largely re-written to incorporate developments over the last four years, this third edition now includes additional new chapters that cover the management of retail energy markets, gas storage, the emissions market, international coal markets and the issue of financial style hedging and risk management of assets that are subject to physical risk amongst others - Brings together contributions and insight from some of the world's most respected practitioners, academics and regulators to reflect the current state of price risk management in the energy industry - A near complete compendium of knowledge designed to enable risk managers and senior executives make more informed decisions as well as identifying some key unanswered questions to help direct future research on the subject matter "I think this book reveals why we rely on Dr Kaminski. Clearly organised and comprehensive... Managing Energy Price Risk belongs on every risk managers' shelf." - Arthur Warga, Bauer College of Business The Bauer College of Business is an academic college at the University of Houston and is fully accredited by the AACSB International. It offers a full-fledged B.B.A., M.B.A., MS Accountancy, MS Finance, and the city’s only Ph.D. program in business administration. , University of Houston "A welcome addition to round out any risk management library" - Mark Williams Mark Williams is the name of the following people: Great Britain
Report Contents: Introduction Vincent Kaminski, Rice University ENERGY INSTRUMENTS Section Introduction - Vincent Kaminski 1. Energy Swaps Jack Kellett, Standard Bank London Ltd 2. Energy Options Michael Hampton, HDS (Hitachi Data Systems, Santa Clara, CA, www.hds.com) A leading provider of high-end storage hardware, software and services. Part of the Information Systems & Telecommunications Division of Hitachi Ltd. Shipping 3. Energy Exotic Options Vincent Kaminski, Rice University and Stinson Gibner and Krishnarao Pinnamaneni, Constellation Power Source 4. Commodity Risk Management in Energy Project Finance Lloyd Spencer, PricewaterhouseCoopers DEVELOPMENTS IN ENERGY MARKETS Section Introduction - Vincent Kaminski 5. Risk and Regulatory Developments in US Energy Markets William Hederman and Lee Ken-Choo, Federal Energy Regulatory Commission The Federal Energy Regulatory Commission (FERC) is the United States federal agency with jurisdiction over electricity sales, wholesale electric rates, hydroelectric licensing, natural gas pricing, and oil pipeline rates. 6. The Oil Market Etienne Amic and Phillipe Lautard, Elf Trading 7. The Natural Gas Market Vincent Kaminski, Rice University and Ross Prevatt, Centrica 8. The Development of European Electricity Markets Richard Lewis and Paul Dawson, Barclays Capital 9. Retail Energy Transactions in the US - Valuation, Risk and Supply Mia T. Vu, Reliant 10. Dealing with Emissions Cyriel de Jong, Rotterdam School of Management “RSM Erasmus University” redirects here. For other uses, see RSM Erasmus University (disambiguation). The Rotterdam School of Management Erasmus University (or RSM Erasmus University at Erasmas University and Kasper Walet and Andre Oosterom, Maycroft Consultancy Services RISK MEASUREMENT AND REPORTING Section Introduction - Vincent Kaminski 11. VAR, Stress Testing Determining the durability of a system by pushing it to its limits. Stress testing a network is performed by transmitting excessive numbers of packets or attempting to break in illegally. and Supplementary Methodologies: Uses and Constraints in Power and Energy Portfolio Risk Management Brian Senior, RWE RWE Rot-Weiss Essen (Germann football club) RWE Ralph Waldo Emerson RWE Rheinisch-Westfälische Elektrizitätswerke (German Power Supplier) RWE Read Write Execute RWE Right Wing Extremist Trading 12. Credit Risk in Power and Gas Markets Ellen Lapson, Denise Furey and Richard Hunter, Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. 13. Accounting vs. Economics: Not Always a Perfect Match Lesley Knowlton, Deloitte and Touche TOOLS FOR RISK ANALYSIS Section Introduction - Vincent Kaminski 14. Power Forward Curves Alexander Eydeland and Krzysztof Wolniac, Mirant Corp 15. Arbitrage-Free Valuation of Energy Derivatives Kaushik Amin, Lehman Brothers, Victor Ng, Goldman Sachs and Craig Pirrong, Bauer College of Business at the University of Houston 16. Volatility in Energy Prices Darell Duffie, Stanford University, Stephen Gray, University of Queensland The University of Queensland (UQ) is the longest-established university in the state of Queensland, Australia, a member of Australia's Group of Eight, and the Sandstone Universities. It is also a founding member of the international Universitas 21 organisation. and Philip Hoang, Australian National University Australian National University, located in Canberra and state-sponsored, founded 1946 as Australia's only completely research-oriented university. Originally limited to graduate studies, it expanded in 1960, merging with Canberra University College (est. 1929). 17. Correlation in Crude Oil and Natural Gas Markets Carol Alexander, ISMA ISMA See: International Security Market Association Centre, University of Reading Business School University of Reading Business School Located in the Thames Valley region, just 25 minutes from the centre of London, University of Reading Business School is one of the UK's leading business schools. REAL OPTIONS Section Introduction - Vincent Kaminski 18. Real Options Ehud I. Ronn, University of Texas at Austin “University of Texas” redirects here. For other system schools, see University of Texas System. The University of Texas at Austin (often referred to as The University of Texas, UT Austin, UT, or Texas 19. Gas Storage Management Cyriel de Jong, Rotterdam School of Management at Erasmas University and Kasper Walet and Andre Oosterom, Maycroft Consultancy Services 20. Valuation and Risk Management of Physical Assets Steve Leppard, Gaselys For more information visit http://www.researchandmarkets.com/reports/c2663 |
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