Description |
1 online resource (xvi, 115 pages) : illustrations. |
Series |
BestMasters |
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BestMasters.
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Bibliography |
Includes bibliographical references. |
Note |
Online resource; title from PDF title page (SpringerLink, viewed February 4, 2015). |
Contents |
Electricity Market -- Energy Economy in Enterprises -- Time Series Analysis -- A one Factor Model for medium-term Load Forecasting -- Retail Contract Evaluation and Pricing -- MATLAB Implementation. |
Summary |
The master thesis of Kevin Berk develops a stochastic model for the electricity demand of small and medium-sized companies that is flexible enough so that it can be used for various business sectors. The model incorporates the grid load as an exogenous factor and seasonalities on a daily, weekly and yearly basis. It is demonstrated how the model can be used e.g. for estimating the risk of retail contracts. The uncertainty of electricity demand is an important risk factor for customers as well as for utilities and retailers. As a consequence, forecasting electricity load and its risk is now an integral component of the risk management for all market participants. ℗ℓContents Electricity Market Energy Economy in Enterprises Time Series Analysis A one Factor Model for medium-term Load Forecasting Retail Contract Evaluation and Pricing MATLAB Implementation ℗ℓTarget℗ℓ Groups Researchers and students in energy economics or mathematics and statistics with a focus on applications in energy markets Professionals in electricity utilities, energy vendors, risk management ℗ℓThe Author Kevin Berk is a Ph.D. student at the Mathematics Department of the University Siegen, Germany. His major research focus is risk management and time series models with applications in energy markets. |
Subject |
Electric power consumption -- Mathematical models.
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Electric power consumption -- Forecasting.
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Risk management.
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Electric power consumption -- Forecasting.
(OCoLC)fst00905405
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Electric power consumption -- Mathematical models.
(OCoLC)fst00905412
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Risk management. (OCoLC)fst01098164
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BUSINESS & ECONOMICS / Real Estate / General
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Genre/Form |
Electronic books.
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Other Form: |
Printed edition: 9783658086688 |
ISBN |
9783658086695 electronic bk. |
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3658086696 electronic bk. |
Standard No. |
10.1007/978-3-658-08669-5 doi |
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