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    3. Modeling and Forecasting Electricity Demand: A Risk Management Perspective (BestMasters) (Repost)

    Modeling and Forecasting Electricity Demand: A Risk Management Perspective (BestMasters) (Repost)

    Posted By: insetes
    Date: 1 Nov 2015 12:38:10
    Modeling and Forecasting Electricity Demand: A Risk Management Perspective (BestMasters) (Repost)

    Modeling and Forecasting Electricity Demand: A Risk Management Perspective (BestMasters) By Kevin Berk
    2015 | 132 Pages | ISBN: 3658086688 | PDF | 3 MB


    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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