Energy Risk Management: Hedging Strategies and Instruments for the International Energy Markets

by Peter C. Fusaro

Book Overview

Addresses issues of worldwide energy price risk management. This work explains general theories and practices for hedging risk, and specific methods to effectively manage risk in markets such as coal,... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0786311843
• ISBN13: 9780786311842
• Release Date: March 1998
• Publisher: McGraw-Hill Companies
• Length: 260 Pages
• Weight: 1.25 lbs.
• Dimensions: 1.0" x 6.2" x 9.3"

Customer Reviews

The 'bible' of energy risk management

Peter Fusaro edits and contributes to what has become one of the standards for those wishing to learn about energy risk management. Certainly there are more complex books on energy risk management written by quants for quants but Fusaro's book is squarely targeted at those wishing to get a broader handle on energy risk management. In that regard, it more than meets its mark.

Energy Risk Simplied

This book provides an excellent background and review in easy to understand language about energy trading and energy risk management. I highly recommend it for understanding the basics of this complex subject. It also provides a global overview of market developments. It is not, however, a quantative treatise on energy and financial derivatives. This is a primer that should be viewed as such.Fusaro's second, Energy Derivatives: Trading Emerging Markets, is the companion piece to this book and adds the newer commodities of weather, emissions, bandwidth and coal derivatives. I recommend it as well.

Energy Derivatives: Trading Emerging Markets

Until Peter Fusaro's book "Energy Risk Management" hit the bookstores in 1998, anyone needing a clear explanation of how risk is managed in the energy markets had to sift through numerous trade publications and journals.This was genergally the reaction of any industry participant I spoke to, independently of whether they were clients, students or collegues of mine both from the Energy community or from academia. Therefore, with this feedback, I would strongly encourage my collegues to read Peter Fusaro's new book "Energy Derivatives: Trading Emerging Markets" which he edited with Jeremy Wilcox and was published in October of this year. In this book Peter Fusaro and his team of energy professionals take the reader deeper into the secondary markets (energy derivatives, etc.) which have emerged as a result of the deregulation process of the Energy Industry and, most importantly, the book explains how to use these markets to manage energy risk. Further, in chapter 3, 4, 5 and 6 the reader is introduced to the concept of interdependency among energy markets and other related markets. These include weather and weather derivatives, emission trading and bandwidth - the most recently emerging market converging with Power to become the backbone of the new global economy. This is the first book to address the complex topic of convergence of power and the rapidly growing bandwidth market. For this reason alone this book becomes a must for everyone who is interested in becoming a part of the evolving energy market.

A Comprehensive Primer

Energy Risk Management by Peter Fusaro offers the necessary primer for a basic understanding of a complex topic. The author and his contributors explore oil, gas and power markets as well as options theory for energy, value-at-risk for electric power, and credit risk for energy companies. It is written in an easy to understand style for the reader. I highly recommend this book as well as Fusaro's new book, Energy Derivatives: Trading Emerging Markets (2000). I give the book five stars.

Energy Risk Management

This book explains a very complex subject and makes it understandable for readers for oil, gas and power. It simplifies complexity. I found the chapter on European Electricity Trading Markets extremely helpful. The chapter on the deregulated U.S. gas market has some good insite especially as it applies to the deregulating U.S. power industry. I would think anyone in the Utility industry would find this book useful as they try and compete in this business.