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Stochastic modelling of electricity and related markets /
The markets for electricity, gas and temperature have distinctive features, which provide the focus for countless studies. For instance, electricity and gas prices may soar several magnitudes above their normal levels within a short time due to imbalances in supply and demand, yielding what is known...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Otros Autores: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Singapore ; Hackensack, N.J. :
World Scientific,
©2008.
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| Colección: | Advanced series on statistical science & applied probability ;
v. 11. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | The markets for electricity, gas and temperature have distinctive features, which provide the focus for countless studies. For instance, electricity and gas prices may soar several magnitudes above their normal levels within a short time due to imbalances in supply and demand, yielding what is known as spikes in the spot prices. The markets are also largely influenced by seasons, since power demand for heating and cooling varies over the year. The incompleteness of the markets, due to nonstorability of electricity and temperature as well as limited storage capacity of gas, makes spot-forward h. |
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| Descripción Física: | 1 online resource (xiv, 337 pages) : illustrations |
| Bibliografía: | Includes bibliographical references (pages 321-331) and index. |
| ISBN: | 9789812812315 9812812318 6611960910 9786611960919 |