Energy Speculation
Author | : United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Oversight and Investigations |
Publisher | : |
Total Pages | : 988 |
Release | : 2008 |
Genre | : Energy industries |
ISBN | : |
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Author | : United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Oversight and Investigations |
Publisher | : |
Total Pages | : 988 |
Release | : 2008 |
Genre | : Energy industries |
ISBN | : |
Author | : United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Oversight and Investigations |
Publisher | : |
Total Pages | : 326 |
Release | : 2008 |
Genre | : Energy industries |
ISBN | : |
Author | : Petter L. Skantze |
Publisher | : Springer Science & Business Media |
Total Pages | : 220 |
Release | : 2012-12-06 |
Genre | : Technology & Engineering |
ISBN | : 146151701X |
The challenges currently facing particIpants m competitive electricity markets are unique and staggering: unprecedented price volatility, a crippling lack of historical market data on which to test new modeling approaches, and a continuously changing regulatory structure. Meeting these challenges will require the knowledge and experience of both the engineering and finance communities. Yet the two communities continue to largely ignore each other. The finance community believes that engineering models are too detailed and complex to be practically applicable in the fast changing market environment. Engineers counter that the finance models are merely statistical regressions, lacking the necessary structure to capture the true dynamic properties of complex power systems. While both views have merit, neither group has by themselves been able to produce effective tools for meeting industry challenges. The goal of this book is to convey the fundamental differences between electricity and other traded commodities, and the impact these differences have on valuation, hedging and operational decisions made by market participants. The optimization problems associated with these decisions are formulated in the context of the market realities of today's power industry, including a lack of liquidity on forward and options markets, limited availability of historical data, and constantly changing regulatory structures.
Author | : United States. Congress. Senate. Committee on Energy and Natural Resources. Subcommittee on Energy |
Publisher | : |
Total Pages | : 88 |
Release | : 2008 |
Genre | : Business & Economics |
ISBN | : |
Author | : United States. Congress. Senate. Committee on Energy and Natural Resources. Subcommittee on Energy |
Publisher | : |
Total Pages | : 56 |
Release | : 2009 |
Genre | : Commodity futures |
ISBN | : |
Author | : John T. Perry |
Publisher | : |
Total Pages | : 0 |
Release | : 2010 |
Genre | : Energy policy |
ISBN | : 9781607413745 |
A lucid answer to the question of what causes energy prices to often widely fluctuate is hard to find. Is it supply, demand, speculation, manipulation, fear, price gauging by energy distributors or refiners or some hideous combination of all the above? This book provides basic information to try to solve this riddle.
Author | : |
Publisher | : |
Total Pages | : 0 |
Release | : 2008 |
Genre | : |
ISBN | : |
A Government Accountability Office report in October 2007 noted the growth of the OTC market and raised questions about whether the federal regulator had the information it needed to ensure that markets were free of fraud and manipulation.8 In the same month, the CFTC issued a report recommending legislative action to increase the transparency of energy markets.9 In May 2008, with the Farm Bill (H [...] The London Loophole Unlike the Enron loophole, which addresses the distinction between the regulated exchange markets and the unregulated OTC market, the "London loophole" refers to differences in the oversight of regulated markets in different countries. [...] However, in the case of ICE Futures Europe, the CFTC has waived that requirement, by means of a series of no-action letters, on the grounds that the U. K. market is already regulated at home, and that requiring it to register with the CFTC would be duplicative and add little in terms of market or customer protections.12 Initially, the U. K. market offered electronic access to U. S. traders to its [...] Because the dealer is using the futures market to hedge the risk of the swap, the exchanges and the CFTC exempt it from position limits, even though it does not deal in the physical commodity. [...] A number of bills call for studies of various aspects of the market, including the effects of raising margin, the adequacy of international regulation, the effects of speculation, and the impact of index trading on prices.