Global energy markets are undergoing fundamental structural changes driven by deregulation, privatization, and consolidation. The key factor in all markets is that the level of risk is rising. To meet the challenges of energy companies, financial engineering is growing exponentially to develop new financial products for these emerging energy markets. This guide explains these new financial products for lay readers, covering key markets including telecommunications bandwidth trading, emissions trading, weather derivatives, electronic energy trading, and electricity and natural gas trading in Europe. The authors are energy industry analysts based in New York. Oversize: 8.75x11.25<">. Annotation c. Book News, Inc., Portland, OR (booknews.com)
Peter C. Fusaro is recognized as the leading authority on international energy market trading. He was the first to write reports, books, and consult on this topic since 1991. His New York-based firm, Global Change Associates, is recognized as an energy risk management boutique on Wall Street. He is the leader in identifying new market opportunities. His first book on energy trading, Energy Risk Management (McGraw-Hill, 1998) is a runaway best seller and primer in this field, and is used at many university business schools.
Co-author, Jeremy Wilcox, is a well known London-based journalist writing about energy derivatives.