Naslov
Weather Risk Management in Energy Sector

Autori
Štulec, Ivana ; Baković, Tomislav ; Hruška, Domagoj

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Annals of DAAAM for 2012. & Proceedings of the 23rd International DAAAM Symposium / Katalinić, Branko - Beč : DAAAM International Vienna, 2012, 89-94

ISBN
978-3-901509-91-9

Skup
23rd International DAAAM Symposium Intelligent Manufacturing & Automation: Focus on Sustainability

Mjesto i datum
Zadar, Hrvatska, 22.10.2012. - 28.10.2012

Vrsta sudjelovanja
Ostalo

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
weather risk; weather risk management; weather derivatives; energy sector.

Sažetak
The paper examines the problem of adverse weather effects on energy sector, outlines possible weather risk management strategies and presents weather derivatives as currently most effective instrument of weather protection. Weather effects both energy consumption and production, and poses significant source of risk especially when considering energy production from renewable sources. The paper presents possible applications of weather derivatives in energy sector, both in a case of energy consumption (natural gas sales) and in the case of energy production (wind power plant production). Examples are of hypothetical nature, but entities interested in weather risk management can perform necessary analysis following the proposed analogy.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA