Publica
Hier finden Sie wissenschaftliche Publikationen aus den FraunhoferInstituten. Energy Risk Management in Practice
 Goutte, S.: Handbook of Energy Finance: Theories, Practices and Simulations Singapore: World Scientific Publishing, 2020 ISBN: 9789813278370 ISBN: 9789813278387 ISBN: 9789813278394 ISBN: 9813278374 pp.319341 

 English 
 Book Article 
 Fraunhofer ITWM () 
Abstract
An overview of risk measurement techniques for typical energy utilities is given. Most common calculated risk measures are explained among the often simple calculation methods used in practice. For a more sophisticated risk analysis, the various model classes proposed in the literature are reviewed. A threefactor model is explained in mathematical detail and its application to the practical modeling of energy prices is shown. This includes spot and futures prices in different time resolutions as well as the calibration of such models.