Modeling and Forecasting Electricity Demand: A Risk Management Perspective

byKevin Berk

Paperback | January 30, 2015

Modeling and Forecasting Electricity Demand: A Risk Management Perspective by Kevin Berk
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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.
Kevin Berk is a Ph.D. student at the Mathematics Department of the University Siegen, Germany. His major research focus is risk management and time series models with applications in energy markets.
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Title:Modeling and Forecasting Electricity Demand: A Risk Management PerspectiveFormat:PaperbackProduct dimensions:115 pages, 8.27 X 5.83 X 0 inShipping dimensions:115 pages, 8.27 X 5.83 X 0 inPublished:January 30, 2015Publisher:Springer-Verlag/Sci-Tech/TradeLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:3658086688

ISBN - 13:9783658086688

Appropriate for ages: All ages

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