Informations générales
ECTSECTS
3
Goal(s)
To understand energy markets functioning using concepts of asset pricing and portfolio management.
Content(s)
Energy markets
- Pool vs power exchange
- Caracteristics of energy markets
- Operators and strategies
Analysis of price evolutions
- Evolution explanations and main variables
- Spot, forwards and futures prices
The use of hedging strategies
- Futures, forwards and options in energy markets
- Cross-hedging strategies and correlation of markets
Risky portfolio managment in energy markets
- Risk minimisation and diversification of supply and consumer portfolio
Prerequisites :
Test
Active participation to practical works and final exam
Calendar
S1
Additional Information
28h =20 h CM + 6 h BE + 2 h DS
Bibliography
- Roggenkamp M. M. et Boisseleau F., 2005, « The regulation of power exchanges in Europe”, volume 2, Intersentia
French State controlled diploma conferring a Master's degree
