Following the liberalization of EU energy markets, more than three hundred gas and electricity companies entered the market to substitute state-run monopolies. A sizeable shift has taken place within the European energy sector, one that remains only partially understood at best.
Focusing on the financial performance of retail energy firms between 2008 and 2017, and taking the Italian market as its exemplar—a market that has arguably undergone the most significant transformation in Europe—Changes in European Energy Markets provides a critical and up-to-date
analysis of this major development. Based on a comprehensive literature review and a wealth of data, the authors provide a compelling and much-needed account of the intensity and pace of change in the sector, which has been far from uniform.
Changes in European Energy Markets is a must-read for students, researchers, practitioners and policymakers concerned with the seismic changes that have occurred within EU energy markets over the past decade.
Francesca Spigarelli, Louise Curran, Alessia Arteconi
This book gathers the main scientific outputs related to POREEN, a four-year project on partnering opportunities between Europe and China in the renewable energy and environmental industries, financed by the European Commission. It investigates the main challenges and opportunities related to
Sino-European cooperation in the green sector with a focus on sustainable growth.
The first part of the book outlines the characteristics of Chinese and European cooperation, from a policy, macro and microeconomic point of view. It examines the key elements of green policy developed so far, bilateral trade flows, as well as bilateral investment flows. The second part presents an
overview and recommendations on what legal framework is necessary to boost integration between Europe and China. In addition, corporate social responsibility and firm related aspects are considered. The third part of the book focuses on engineering-related research activity. It highlights the state
of the art of Europe-China cooperation in key areas such as low carbon buildings, mobility and transportation that may have a huge potential impact on bilateral cooperation between Europe and China in the years ahead.
Energy Power Risk: Derivatives, Computation and Optimization is a comprehensive guide presenting the latest mathematical and computational tools required for the quantification and management of energy power risk. Written by a practitioner with many years’ experience in the field, it provides
readers with valuable insights in to the latest practices and methodologies used in today’s markets, showing readers how to create innovative quantitative models for energy and power risk and derivative valuation.
The book begins with an introduction to the mathematics of Brownian motion and stochastic processes, covering Geometric Brownian motion, Ito’s lemma, Ito’s Isometry, the Ornstein Uhlenbeck process and more. It then moves on to the simulation of power prices and the valuation of energy
derivatives, before considering software engineering techniques for energy risk and portfolio optimization. The book also covers additional topics including wind and solar generation, intraday storage, generation and demand optionality.
Written in a highly practical manner and with example C++ and VBA code provided throughout, Energy Power Risk: Derivatives, Computation and Optimization will be an essential reference for quantitative analysts, financial engineers and other practitioners in the field of energy risk management, as
well as researchers and students interested in the industry and how it works.