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Stochastic Modeling of Electricity and Related Markets

Paperback • 2008 • English

Stochastic Modeling of Electricity and Related Markets

By Fred Espen. Benth

1 Ratings • 5.0 of 5

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About the book

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 nonstorabi...Show more

Macroeconomics
International economics
Development economics and emerging economies

Book details

ISBN

9789812812308

Publisher

River Edge : World Scientific Publishing Company

Published year

2008

Language

English

Original title

Stochastic Modeling of Electricity and Related Markets

Format

Paperback

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Reviews · 0

1 Ratings • 5.0 of 5

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