Search results for "Temperature level"
showing 2 items of 2 documents
Model Based Monte Carlo Pricing of Energy and Temperature Quanto Options
2010
Weather derivatives have become very popular tools in weather risk management in recent years. One of the elements supporting their diffusion has been the increase in volatility observed on many energy markets. Among the several available contracts, Quanto options are now becoming very popular for a simple reason: they take into account the strong correlation between energy consumption and certain weather conditions, so enabling price and weather risk to be controlled at the same time. These products are more efficient and, in many cases, significantly cheaper than simpler plain vanilla options. Unfortunately, the specific features of energy and weather time series do not enable the use of …
Industrial waste heat: Estimation of the technically available resource in the EU per industrial sector, temperature level and country
2018
Abstract Industrial waste heat is examined in EU countries, focusing on the amount that can be recovered and exploited, referred to as technical potential of waste heat. An alternative methodology is proposed here, which is based on waste heat fractions derived from a detailed study of the UK industry from the period 2000–2003. These fractions express the part of heat consumption that is wasted and is possible to be recovered. The waste heat fractions have been calculated in this work for each main industrial sector and temperature level. The methodology initially includes the adjustment of waste heat fractions from each industrial sector from the UK industry to the conditions of the differ…