Energy Trading and Hedging Handbook

Energy markets are among the most volatile and complex markets in the world. Understanding them requires more than knowing how prices move-you need to understand the physical commodities, the derivatives built around them, and the risk-management decisions that connect the two.Energy Trading and Hedging Handbook gives traders, analysts, risk managers, treasury professionals, producers, utilities, industrial consumers, and students a practical foundation in how energy markets actually work.
Inside, you'll learn how to:

• Understand crude oil, natural gas, electricity, LNG, biofuels, coal, and carbon markets
• Read spot prices, forward curves, contango, backwardation, basis, and seasonal structure
• Use futures, forwards, swaps, options, collars, spread products, and structured hedges
• Hedge producer revenue, consumer costs, refining margins, spark spreads, and locational basis
• Apply Black-76, volatility, Greeks, forward pricing, and term-structure concepts
• Measure market risk using VaR, expected shortfall, stress testing, and scenario analysis
• Manage counterparty credit, collateral, liquidity, and operational risk
• Understand PPAs, renewable-energy hedging, carbon markets, and volumetric risk
• Build a practical hedging policy, governance framework, and portfolio-risk process
• Understand the role of exchanges, clearinghouses, CFTC, FERC, Dodd-Frank, EMIR, and modern trading systems

Organized into 30 chapters across seven parts, this handbook connects physical energy markets with derivatives and professional risk management in one practical reference.Build a stronger working knowledge of energy trading, derivatives, and hedging-and make better-informed risk decisions across the energy value chain.