ISBN-13: 9783639169171 / Angielski / Miękka / 2009 / 284 str.
Risk management is a significant factor in today sliberalized, restructured wholesale electricitymarkets. In particular this book analyzes the tradingand investment risks due to transmission congestionboth in the short- and long-term for market playerssuch as generators, loads, traders, independentsystem operators and merchant investors. The first part describes the book s theoreticalfoundation and background.The second part comprises eight research papers thatanalyze: several existing markets for transmissioncongestion derivatives; merchant long-term financialtransmission rights; the risks of the independentsystem operator in providing financial transmissionrights; inefficiencies associated with ignoringlosses when utilizing area (zonal) pricing; and anapplication of an integrated risk management model tothe power sysem of Norway s second largest hydropowerproducer. Researchers, energy economists, power systemengineers, operators, planners and policy makers willfind this book of value.