Energy Derivatives: Pricing and Risk Management Les Clewlow, Chris Strickland Hi, if you have read this one, can you provide some feedbacks, thanks!!

It follows a particular approach to dealing with the peculiarities of energy, which is mostly intuitive and tree based. They spend a lot of time trying to make the bits and a pieces of Schwartz's(1997) nested commodity pricing models practical, which I find a useful exercise. The book could have done with greater detail on the pracitalities of energy structures - I prefer to see more hypothetical contracts worked through, which is one of the reasons I like Alexander Eydeland's book so much. To get the most out of their book, you probably have to buy their Implementing Derivatives Models (1998 I think) as well. I would also say that a more in depth discussion of volatility in an energy context would be appreciated, and correlation seems to be an ugly stepsister in the book.Still, over all, ~7/10. Oh, it's expensive, and you have to buy it from them.

gammashark,Thanks for the info!! No wonder I couldn't find the book from the Web. Yeah, I've been to Eydeland's seminar, I think he's really good in the energy/power sector. I'll take a look about his book, thanks!!!

www.lacimagroup.com is where you'll find it. That is the name of their consultancy.

Hi, I just got the book. I thought that there were end of chapter problems like the ones from Hull, but it turned out not the case. Is there any "Schaum's Outlines" book out there for energy derivatives/risk management? Thanks!!