Managing Energy Price Risk: 4th Edition - Risk Books
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Managing Energy Price Risk: 4th Edition

Edited By Vincent Kaminski

Overview

Industry leader Vincent Kaminski presents this significantly revised and updated edition of the best-selling Managing Energy Price Risk. This multi-contributor book helps risk managers and senior executives involved in the energy business gain a sophisticated perspective on all the latest techniques and developments in risk management and pricing.


Need more information? Read Managing Energy Price Risk (4th edition)’s introduction here for free.

Publish date: 26 Feb 2016

Availability: In stock

Product Unit Price Qty
Book - Managing Energy Price Risk: 4th Edition
£145.00
eBook - Managing Energy Price Risk: 4th Edition
EPUB
£110.00
OR

Book description

Finding effective ways of managing energy price risk has emerged as one of the great challenges facing both practitioners and academics in the field. Management of exposures to price level and volatility is a complicated task in any business, but it is especially difficult in a commodity market characterised by rapid structural change and a growing degree of integration, both geographically and across different market segments. This fourth edition of the perennial classic Managing Energy Price Risk brings together chapters by a cross-section of industry leaders and academic thinkers.

Book details

ISBN
Book - 9781782722090 / eBook - 9781782722809
Publish date
26 Feb 2016
Format
Paperback
Size
155mm x 235mm

Editor biography

Vincent Kaminski

Mr Vincent Kaminski has spent fourteen years working in different positions related to quantitative analysis and risk management in the merchant energy industry. The companies he has worked for include Citigroup, Sempra Energy Trading, Reliant Energy, Citadel Investment Group, and Enron (from 1992 to 2002) where he was the head of the quantitative modeling group. Prior to beginning a career in the energy industry, Mr Kaminski was a vice president in the research department, bond portfolio analysis group, of Salomon Brothers in New York (from 1986 to 1992). In September 2006 Mr Kaminski accepted an academic position with Rice University in Houston (Jesse H. Jones Graduate School of Business) where he is teaching MBA level classes on energy markets, energy risk management and valuation of energy derivatives.
 
Mr Kaminski holds an M.S. degree in international economics, a Ph.D. degree in theoretical economics from the Main School of Planning and Statistics in Warsaw, Poland, and an MBA from Fordham University in New York.  He is a recipient of the 1999 James H. McGraw award for Energy Risk Management (Energy Risk Manager of the Year).  Mr Kaminski has published a number of papers, and contributed to several books, on the energy markets.

Table of contents

About the Editor ix

About the Authors xi

Introduction xxv

Vincent Kaminski

SECTION 1: The Winds of Change            1

Vincent Kaminski

Jesse H. Jones Graduate School of Business at Rice University

1 May You Live in Interesting Times 9

David Pruner; Dagney Devlin Pruner

Jesse H. Jones Graduate School of Business at Rice University;

Masters Candidate at the Moody College of Communication

at The University of Texas Austin

2 The Dodd–Frank Act and its Impact on the Energy Industry 51

Marc Merrill; Daniel A. Mullen

Uniper Global Commodities North America LLC; Steptoe & Johnson LLP

3 Assessing Regulatory Risk 77

William F. Hederman; Lee-Ken Choo

4 Introduction to Price-Reporting Agencies 119

Daniel Massey

Argus Media Inc

5 F undamental Data in Energy Markets 143

Lauren Seliga; Hillary Stevenson; Cory Madden

Genscape

SECTION 2: De velopments in the Energy Markets 177

Vincent Kaminski

Jesse H. Jones Graduate School of Business at Rice University

6 European and Asian Natural Gas Market Developments 185

– Swamped by the Present?

Michelle Michot Foss; Deniese Palmer-Huggins

Bureau of Economic Geology’s Center for Energy Economics;

The University of Texas at Austin

7 US Natural-Gas Markets 251

Vincent Kaminski

Jesse H. Jones Graduate School of Business Rice University

8 Managing Oil Price Risk: Dealing with the Time-Varying 293

Relationship Between the Price of Oil and Fundamentals

Ronald Huisman; Mehtap Kiliç

Energy Global; Energy Finance Institute

9 Electricity Markets: US 309

Martin Lin

Jesse H. Jones Graduate School of Business at Rice University

10 European Electricity Markets: Part I 351

Jakub Tomczak, Marcin Walendowski and Jaros?aw Wajer

EY Business Advisory

11 European Electricity Markets: Part II 377

Jakub Tomczak, Marcin Walendowski and Jaros?aw Wajer

EY Business Advisory

12 Coal 417

Jay Gottlieb

SECTION 3: The Management of Physical Assets          445

Vincent Kaminski

Jesse H. Jones Graduate School of Business at Rice University

13 Energy Real Options: Valuation and Operations 449

Nicola Secomandi; Duane J. Seppi

Tepper School of Business

14 Commodity-Based “Swing” Options 479

Ehud I. Ronn

Department of Finance University of Texas at Austin

15 G as Storage Pricing and Hedging 495

Cyriel de Jong

KYOS Energy Consulting

16 V aluation and Risk Management of Physical Assets 521

Steve Leppard

Noble Group

Section 4: Risk Management 557

Vincent Kaminski

Jesse H. Jones Graduate School of Business at Rice University

17 Arbitrage-Free Valuation of Energy Derivatives 563

Kaushik Amin; Victor Ng; and Craig Pirrong

SilverRange Financial Partners; Goldman Sachs; Global Energy Management

Institute at the Bauer College of Business (University of Houston)

18 Introduction to Value-at-Risk 593

Gianluca Fusai and Laura Ballotta

University of Eastern Piedmont; Cass Business School City University London

19 Introduction to Portfolio Value-at-Risk 641

Gianluca Fusai; Laura Ballotta

University of Eastern Piedmont; and Cass Business School City University London

20 Introduction to Default Risk and Counterparty Credit Modelling 683

Laura Ballotta; Gianluca Fusai; Marina Marena

Cass Business School City University London; University of Eastern Piedmont;

University of Turin

21 Credit Risk in Power and Gas Markets 755

Ellen Lapson; Denise Furey

Lapson Advisory; Regent Square Advisors

22 Credit in the Energy Markets 789

Craig Enochs

Reed Smith

Testimonials

“Previous editions of Managing Energy Price Risk have deservedly come to be regarded as key reference works in the field... This new edition confirms the book’s status as a key reference work in the area of energy risk.“

Satyajit Das, The Finance and Treasury Professional

“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, University of Houston

“A welcome addition to round out any risk management library“

Mark Williams, Finance and Economics Department, Boston University

Customer Reviews

Average customer reviews for Managing Energy Price Risk: 4th Edition
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