Energy Trading

Name im Diploma SupplementLecture Energy Trading
Anbieter Lehrstuhl für Energiehandel und Finanzdienstleistungen (
LehrpersonProf. Dr. Rüdiger Kiesel
TurnusWintersemestermaximale Hörerschaftunbeschränkt

empfohlenes Vorwissen

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.

didaktisches Konzept

presentation, discussion


  • BWL-EaF-Ma-2015 > Pflichtbereich > (1.-2. Fachsemester, Pflicht) Modul "Energy Trading"
  • EnergySc-Ma-2016 > Fortgeschrittene Energiewissenschaft > (1. Fachsemester, Wahlpflicht) Modul "Energy Trading"
  • LA-gbF-kbF-BK-Ma-2014 > Masterprüfung in der großen beruflichen Fachrichtung > Wahlpflichtbereich BWL, VWL, Recht, Statistik > Bereich BWL > (1.-3. Fachsemester, Wahlpflicht) Modul "Energy Trading"
  • VWL-Ma-2009-V2013 > Wahlpflichtbereich II > (1.-3. Fachsemester, Wahlpflicht) Modul "Energy Trading"
  • WiMathe-Ma-2013 > VWL-Energie > (1.-4. Fachsemester, Wahlpflicht) Modul "Energy Trading"
WIWI‑C0831 - Vorlesung: Energy Trading