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DescriptionElectricity Derivatives - Briefs in Quantitative Finance [Springer] {Bindaredundat}  Springer - Investing, Applied Mathematics, Probability & Statistics January 14th 2015 Author René Aïd Pages: 97 Format: pdf File Size: 3.92 mb ISBN 978-3-319-08395-7 ISBN-10: 3319083945 The electricity market is currently entering a period of significant changes with the development of intermittent renewable energies and demand-response mechanisms. Already quite complex to manage because electricity cannot be stored at reasonable cost and because electricity follows all available paths (according to the Kirchhoff’s principles), the laws of the market and the pricing system are entering a new era of development. The questions dealt with are quite complex on a mathematical standpoint with high level optimization problems. Do not be afraid: several mathematical formulae appear in the text. Nevertheless, these questions are practicable and really usable by traders and the utilities market. It is not an academic book, it is a book for the industry. René Aïd succeeds to build that bridge between two worlds. This book is the result of a brilliant collaboration between the academic world (Ecole Polytechnique, ENSAE, Dauphine) through the FIME lab, and industrial world through EDF R&D teams. It is the result of more than two years of research and the overall understanding of the evolution of the electricity market. It is also a landmark of the ambition of the EDF R&D organization, to bring the best available academic knowledge into the industry. Thanks and congratulations to René and his team for this performance. Paris-Saclay, October 2014 Bernard Salha Senior Vice President Head of EDF R&D  More information about this series at http://www.springer.com/series/8784 Sharing Widget |