Structuring and Valuation

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

Preliminary knowledge

Good knowledge in statistics and econometrics.

Detailed knowledge of energy markets and frequently used quantitative models.


Principles of risk management in energy markets (risk positions, risk measures), analysis of transactions in energy markets (volatilities, correlations), structured products, principals of emissions trading, credit risk.


  1. Spot and forwad price modeling in energy markets
  2. Valuation of derivatives
  3. Risk positions and risk measures
  4. Modeling volatility and correlation in cross-commodity positions
  5. Analysis and discussion of emission markets


  • Burger, M.,  Graeber, B.  and Schindlmayr, G.: Managing Energy Risk: An Integrated View on Power and Other Energy Markets,  JohnWiley & Sons, 2007.
  • Kaminiski, V.: Energy Markets, RISK books, 2013 
  • Eydeland, A. and Wolyniec, K.: Energy and Power Risk Management, JohnWiley & Sons, 2003.
  • Geman, H.: Commodities and Commodity Derivatives, JohnWiley&Sons, 2005.
  • James, T. and Fusaro, P.C.: Energy and Emissions Markets , JohnWiley & Sons, 2006.

Teaching concept

Presentation, discussion


  • BWL EaF Master 2015>Pflichtbereich >Modul "Structuring and Valuation"2nd-3rd Semester, Compulsory
  • EnergySc Master 2016>Fortgeschrittene Energiewissenschaft >Modul "Structuring and Valuation"1st Semester, Elective
  • VWL Master 2009-V2013>Wahlpflichtbereich II >Modul "Structuring and Valuation"1st-3rd Semester, Elective
  • WiMathe Master 2013>VWL-Energie >Modul "Structuring and Valuation"1st-4th Semester, Elective
WIWI‑C0819 - Lecture: Structuring and Valuation