BestMasters: A Risk Management Perspective

Berk, Kevin

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.

Details

Published by: Springer Spektrum

Publication Date: 2015-01-30

Format: Paperback

ISBN-13: 9783658086688

DOI: 10.1007/978-3-658-08669-5

Dimensions: 210cm x148cm

Pages: 115