Due to the deregulation of electricity in the United States and Europe, interest in the electricity derivatives market is growing quickly. Pricing of electricity derivatives, however, must take into account the unique features of electricity, particularly the storability and distribution limitations. This chapter describes power options and discusses ... click here for more details.

This reading successfully outlines the complicating issues that arise in applying credit risk management tools from the financial industry to the energy industry. Credit risk generally and credit risk models from the financial industry are summarized. The authors argue that credit risk management practices in the energy industry ... click here for more details.