Winter Term 24/25

Courses in the winter term 24/25

Tutorial

Energy Trading (ET)

Lecturer:
  • Kateryna Chekriy, M.Sc.
Contact:
Term:
Winter Semester 2024/2025
Time:
Friday 10-12 am (10:15-11:45)
Room:
R12 V02 D20
Start:
18.10.2024
End:
31.01.2025
Language:
English
Moodle:
Lecture in Moodle
LSF:
Lecture in LSF
Linked Lectures:

Description:

Recap, discuss, apply and deepen topics covered during the lecture with the help of scientific papers, practical applications and training exercises. Improve theoretical knowledge as well as applied research skills.

Learning Targets:

Students

  • are familiar with the structure of energy markets.
  • are able to work with standard models for energy- and commodity markets.
  • can valuate financial and energy-related assets, derivatives written on these underlyings and basic structured products.
  • understand some of the important regulatory and financial concepts underlying the energy markets as well as othercommoditiy markets.

Outline:

  1. Principles of energy spot – and forward markets
  2. Futures, forwards and swaps
  3. Mathematical models for energy markets and energy price processes
  4. Modelling and valuation of derivatives used in energy markets Risk management in energy markets

Literature:

  • Burger, M., Graeber, B. and Schindlmayr. G.: Managing Energy Risk: An Integrated View on Power and Other Energy Markets, John Wiley &Sons, 2007
  • Kaminiski, V.: Energy Markets, RISK books, 2013
  • Eydeland, A. and Wolyniec, K.: Energy and Power Risk Management, John Wiley & Sons, 2003
  • Geman, H.: Commodities and Commodity Derivatives, John Wiley & Sons, 2005
  • James, T.: Energy Markets: Price Risk Management and Trading, John Wiley & Sons, 2008.

Methods of Assessment:

Written exam (90 minutes)

Formalities:

Login into your ZIM account to access the Moodle key under "Material".

Material:

Login via Shibboleth

  • The course material is only available to a restricted user group. You are either not logged in or not in the usergroup.