Modeling and Forecasting Electricity Demand: A Risk Management Perspective - Couverture souple

Berk, Kevin

Couverture souple

ISBN 10 : 3658086688 ISBN 13 : 9783658086688

Editeur : Springer Spektrum, 2015

Synopsis

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 exogeneous 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.

A propos du livre

À propos de l'auteur

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.

Détails de l'édition

• Éditeur: Springer Spektrum
• Date d'édition: 2015
• Langue: anglais
• ISBN 10: 3658086688
• ISBN 13: 9783658086688
• Reliure: Broché
• Nombre de pages: 132
• Coordonnées du fabricant: Springer Nature Customer Service Center GmbH; ProductSafety@springernature.com; ; Europaplatz 3; Heidelberg; 69115; Allemagne