Energy Trading

Name in diploma supplementLecture Energy Trading
Organisational Unit Lehrstuhl für Energiehandel und Finanzdienstleistungen (http://www.lef.wiwi.uni-due.de/)
LecturersProf. Dr. Rüdiger Kiesel
Cyclewinter semesterParticipants at mostno limit

Preliminary knowledge

Good knowledge in statistics and econometrics.


The course provides a thorough overview of recent developments in energy and commodities markets, modeling approaches for these markets as well as of valuation methods for energy derivatives and risk management techniques.


  1. Principles of energy  spot – and forward markets
  2. Futures, forwards and swaps
  3. Mathematical models for energy markets and energy price processes
  4. Modelling and valuation of derivatives used in energy markets  Risk management in energy markets


  • Burger, M., Graeber, B. and Schindlmayr. G.: Managing Energy Risk: An Integrated View on Power and Other Energy Markets, John Wiley & Sons, 2007
  • Kaminiski, V.: Energy Markets, RISK books, 2013 
  • Eydeland, A. and Wolyniec, K.: Energy and Power Risk Management, John Wiley & Sons, 2003
  • Geman, H.: Commodities and Commodity Derivatives, John Wiley & Sons, 2005
  • James, T.: Energy Markets: Price Risk Management and Trading, John Wiley & Sons, 2008.

Teaching concept

presentation, discussion


  • BWL EaF Master 2015>Pflichtbereich >Modul "Energy Trading"1st-2nd Semester, Compulsory
  • EnergySc Master 2016>Fortgeschrittene Energiewissenschaft >Modul "Energy Trading"1st Semester, Elective
  • LA gbF/kbF BK Master 2014>Masterprüfung in der großen beruflichen Fachrichtung >Wahlpflichtbereich BWL, VWL, Recht, Statistik >Bereich BWL >Modul "Energy Trading"1st-3rd Semester, Elective
  • VWL Master 2009-V2013>Wahlpflichtbereich II >Modul "Energy Trading"1st-3rd Semester, Elective
  • WiMathe Master 2013>VWL-Energie >Modul "Energy Trading"1st-4th Semester, Elective
WIWI‑C0831 - Lecture: Energy Trading