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EBF 301
Global Finance for the Earth, Energy, and Materials Industries

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Lesson 12: Risk Management in the Electricity Market

Lesson 12 Introduction
Reading Assignment: Lesson 12
Basics of the Electricity Market
Uniform Price Auction
Locational Marginal Pricing
Temporal and Locational risks
Financial Transmission Rights and Contracts for Differences
Hedging with FTRs and CFDs
Summary and Final Tasks

‹ Summary and Final Tasks up Lesson 12 Introduction ›

EBF 301:Global Finance for the Earth, Energy, and Materials Industries

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Lessons

Lesson 1 - The Energy Industry – Overall Perspective
Lesson 2 - Supply/Demand Fundamentals for Natural Gas & Crude Oil
Lesson 3 - The New York Mercantile Exchange (NYMEX) & Energy Contracts
Lesson 4 - Cash Market Pricing Methodologies & Publications
Lesson 5 - Crude Oil Logistics & Value Chain
Lesson 6 - Natural Gas Logistics & Value Chain/US LNG Exports & Global Markets
Lesson 7 - Basic Energy Risk “Hedging” using Financial Derivatives
Lesson 8 - Quantitative Methods and Energy Risk Management
Lesson 9 - Technical Analysis
Lesson 10 - Advanced Financial Derivatives - Swaps, Spreads, and Options
Lesson 11 - Risk Controls in Energy Commodity Trading
Lesson 12: Risk Management in the Electricity Market

Author: Farid Tayari, Instructor and Tom Seng, Consultant, John and Willie Leone Family Department of Energy and Mineral Engineering, College of Earth and Mineral Sciences, The Pennsylvania State University.

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