Modelling Prices in Competitive Electricity Markets (The Wiley Finance Series) - Hardcover

Hardcover

ISBN 10: 047084860X ISBN 13: 9780470848609

Verlag: Wiley, 2004

Inhaltsangabe

Electricity markets are structurally different to othercommodities, and the real-time dynamic balancing of the electricitynetwork involves many external factors. Because of this, it is nota simple matter to transfer conventional models of financial timeseries analysis to wholesale electricity prices.

The rationale for this compilation of chapters from internationalauthors is, therefore, to provide econometric analysis of wholesalepower markets around the world, to give greater understanding oftheir particular characteristics, and to assess the applicabilityof various methods of price modelling.

Researchers and professionals in this sector will find the book aninvaluable guide to the most important state-of-the-art modellingtechniques which are converging to define the special approachesnecessary for unravelling and forecasting the behaviour ofelectricity prices. It is a high-quality synthesis of the work offinancial engineering, industrial economics and power systemsanalysis, as they relate to the behaviour of competitiveelectricity markets.

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Über die Autorin bzw. den Autor

DEREK W. BUNN is currently Professor and Chairman of the Decision Sciences subject area and Director of the Energy MarketsGroup at the London Business School, having held previous appointments at Oxford and Stanford universities. As a prominent international advisor on energy economics, he has consulted formany global energy companies and advised a number of government agencies. Author of over 150 research papers and 9 books in theareas of forecasting, decision analysis and energy economics, hehas also been chief editor of the Journal of Forecasting since 1984. His research and practical involvement with the electricity sector extends back over 25 years experience.

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Electricity markets are structurally different to other commodities, and the real-time dynamic balancing of the electricity network involves many external factors. Because of this, it is not a simple matter to transfer conventional models of financial time series analysis to wholesale electricity prices.

The rationale for this compilation of chapters from international authors is, therefore, to provide econometric analysis of wholesale power markets around the world, to give greater understanding of their particular characteristics, and to assess the applicability of various methods of price modelling.

Researchers and professionals in this sector will find the book an invaluable guide to the most important state-of-the-art modelling techniques which are converging to define the special approaches necessary for unravelling and forecasting the behaviour of electricity prices. It is a high-quality synthesis of the work of financial engineering, industrial economics and power systems analysis, as they relate to the behaviour of competitive electricity markets.

The rationale for this compilation of chapters from international authors is, therefore, to provide econometric analysis of wholesale power markets around the world, to give greater understanding of their particular characteristics, and to assess the applicability of various methods of price modelling.

Researchers and professionals in this sector will find the book an invaluable guide to the most important state-of-the-art modelling techniques which are converging to define the special approaches necessary for unravelling and forecasting the behaviour of electricity prices. It is a high-quality synthesis of the work of financial engineering, industrial economics and power systems analysis, as they relate to the behaviour of competitive electricity markets.

Details zur Ausgabe

• Verlag: Wiley
• Erscheinungsdatum: 2004
• Sprache: Englisch
• ISBN 10: 047084860X
• ISBN 13: 9780470848609
• Einband: Gebundene Ausgabe
• Auflage: 1
• Anzahl der Seiten: 360
• Herausgeber: Bunn Derek W.
• Kontakt zum Hersteller: Wiley-VCH GmbH; product_safety@wiley.com; ; Boschstrasse 12; Weinheim; 69469; Deutschland