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Modeling and Forecasting Electricity Demand

A Risk Management Perspective

Language EnglishEnglish
Book Paperback
Book Modeling and Forecasting Electricity Demand Kevin Berk
Libristo code: 09156224
Publishers Springer Fachmedien Wiesbaden, January 2015
The master thesis of Kevin Berk develops a stochastic model for the electricity demand of small and... Full description
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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.

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About the book

Full name Modeling and Forecasting Electricity Demand
Author Kevin Berk
Language English
Binding Book - Paperback
Date of issue 2015
Number of pages 115
EAN 9783658086688
ISBN 3658086688
Libristo code 09156224
Publishers Springer Fachmedien Wiesbaden
Weight 1806
Dimensions 148 x 210 x 210

Categories

Mathematics & Science > Mathematics > Applied mathematics > Stochastics
Economics, Finance, Business & Management > Industry & industrial studies > Energy industries & utilities
Mathematics & Science > Mathematics > Probability & statistics
Technology, Engineering, Agriculture > Energy technology & engineering
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