La Gestione Del Rischio Di Prezzo Nella Industria Energetica (Price Risk Management in the Energy Industry)
Energia, Vol. 4, 1999
8 Pages Posted: 26 Jan 2012
Date Written: October 1, 1999
Structural changes affecting the energy industry might lead to more volatile prices, increasing the risk for market actors. This article explains how they will be able to evaluate and control new risk exposure with Value-at-Risk, a recent methodology widely used by financial institutions that can also be applied in the energy industry.
The English version of this paper can be found at http://ssrn.com/abstract=1020917
Note: Downloadable document is in Italian.
Keywords: VaR, Value-at-Risk, energy industry, mark-to-market, interfuel competition, oil refining, unbundling, gas trading, power markets
JEL Classification: Q40, D81
Suggested Citation: Suggested Citation