全球智库信息集成服务系统(G2TT): Energy markets.

G2TT

来源类型	Book Section
DOI	10.1007/978-1-4614-9035-7_1
	Energy markets.
	Gross P; Kovacevic RM; Pflug GC; Kovacevic, RM; Pflug, GC; Vespucci, MT
发表日期	2013
出处	Handbook of Risk Management in Energy Production and Trading. Eds. Kovacevic, RM , Pflug, GC & Vespucci, MT , pp. 3-24 USA: Springer. DOI: 10.1007/978-1-4614-9035-7_1 .
出版年	2013
语种	英语
摘要	Most of the risks in energy production and trading are related to market prices. As a consequence, this first chapter provides a short introduction to energy markets. Products (or more precisely contracts) which are traded in energy markets can concern either the physical delivery of energy (physical settlement) or only the payment of the financial value of such a delivery (financial settlement). In the case of a physical settlement, the traded quantities directly influence the whole system; if the settlement is financial, trades are basically bets on prices. Motivated by this distinction, we separate this chapter into two major parts: The first part considers the physical side of markets, focusing on the physical spot markets for natural gas and electric power. The second part serves as an introduction to the financial aspects of the markets, describing derivatives on physical spot contracts. In both sections our geographical focus will be on European markets. Due to the inhomogeneities of market designs, we will focus on stylized market characteristics rather than details. We mainly consider natural gas and electricity due to their distinctively different behavior to financial markets.
主题	Risk, Policy and Vulnerability (RPV) ; Risk & ; Resilience (RISK)
URL	http://pure.iiasa.ac.at/id/eprint/10574/
来源智库	International Institute for Applied Systems Analysis (Austria)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/134266
推荐引用方式 GB/T 7714	Gross P,Kovacevic RM,Pflug GC,et al. Energy markets.. 2013.