Energy Trading and Investing: Trading, Risk Management and Structuring Deals in the Energy Market

Energy Trading and Investing provides a big-picture introduction to the industry along with the trading know-how and financial details that every market participant needs for success. This hands-on guidebook covers all types of energy markets―from the big-three markets of electricity, natural gas, and oil to the growing markets for liquefied natural gas, emissions, and alternative energy. It provides useful information on the interdependence of the different energy markets, who the major players are, and how Wall Street trades energy products.

With diminishing fossil fuel supplies and the growing specter of environmental change, governments are using the free market to minimize the cost of adopting sustainable energy policies. This makes energy one of the few markets that is rapidly expanding, and it is now one of the hottest investment opportunities in the world. Energy Trading and Investing offers a comprehensive and practical introduction to energy trading―from the big picture of how different products are related to each other to in-depth explanations of the jargon and financial mathematics that trip up new traders. Energy Trading and Investing features:

• A detailed introduction to each of the major energy markets: electricity, natural gas, petroleum, coal, and emissions
• Primers on advanced topics like storage, wheeling, load forecasting, and pipeline transportation
• Examples of ways to invest in wind power, carbon emissions, thermal solar power, and other new markets

Contents:

• AN OVERVIEW OF THE ENERGY MARKETS
• TRADING MARKETS
• NATURAL GAS
• ELECTRICITY
• OIL
• COAL
• EMISSIONS MARKETS
• POLLUTION
• GASES, LIQUIDS, AND SOLIDS
• STATISTICS
• FINANCIAL OPTIONS
• OPTION PRICING
• SPREAD OPTIONS
• SPATIAL LOAD FORECASTING
• THE GENERATION STACK
• TOLLING AGREEMENTS
• WHEELING POWER
• SOLAR POWER
• WIND POWER
• NUCLEAR POWER
• ELECTRICITY STORAGE
• NATURAL GAS TRANSPORTATION
• NATURAL GAS STORAGE
• LIQUEFIED NATURAL GAS
• VALUE AT RISK
• DELTAS, GAMMAS, AND OTHER GREEKS
• MODEL RISK
• COUNTERPARTY CREDIT RISK

Energy Trading and Investing: Trading, Risk Management and Structuring Deals in the Energy Market By Davis W. Edwards pdf