Modeling and Forecasting Electricity Demand (eBook)

A Risk Management Perspective

Kevin Berk (Autor)

eBook Download: PDF

2015 | 2015
XVI, 115 Seiten
Springer Fachmedien Wiesbaden GmbH (Verlag)
978-3-658-08669-5 (ISBN)

Infos

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.

Inhalt

Electricity Market.- Energy Economy in Enterprises.- Time Series Analysis.- A one Factor Model for medium-term Load Forecasting.- Retail Contract Evaluation and Pricing.- MATLAB Implementation.

Produkt-Details

• Erscheint lt. Verlag: 20.1.2015
• Reihe/Serie: BestMasters
• Reihe/Serie: BestMasters
• Zusatzinfo: XVI, 115 p. 39 illus.
• Verlagsort: Wiesbaden
• Sprache: englisch
• Themenwelt: Mathematik / Informatik ► Mathematik ► Statistik
• Themenwelt: Technik ► Elektrotechnik / Energietechnik
• Schlagworte: Energy Markets • load forecasting • Retail Contracts • Risk Management • Time Series Analysis
• ISBN-10: 3-658-08669-6 / 3658086696
• ISBN-13: 978-3-658-08669-5 / 9783658086695