This book presents an overview of the risks involved in modern electricity production, delivery, and trading. Coverage includes energy markets, optimal decisions in managing energy systems, pricing, and political and other long term risks.

Energy Markets -- Introduction to Price Models for Energy -- Price Dynamics in Electricity Markets -- Price-Driven Hydropower Dispatch Under Uncertainty -- On Cutting Plane Algorithms and Dynamic Programming for Hydroelectricity Generation -- Medium-Term Operational Planning for Hydrothermal...