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Rating: 
Summary: Of Little Use to Practitioners or Newcomers
Review: "Energy Risk" Book Review > > "Although it has been two years since "Energy Risk" was first published, it > still remains one of the key reference books in any well-rounded risk > management library. When a new employee starts for me in the market risk > area, I assign them two books, "Energy Risk" by Dragana Pilipovic and > "Value-at-Risk" by Philippe Jorion. Whether you are modeling energy > instruments, building forward curves or pricing options, "Energy Risk"> provides the reader with valuable insights into the complexities of energy > commodities and the inherent challenges". > > Mark T. Williams > SVP - Risk Management Group > Citizens Power > Boston, MA
Rating: 
Summary: Risk Analyst
Review: Dragana's book is a tremendous reference tool for anyone in the energy risk management field. Ms. Pilpovic not only makes this difficult subject easy for the reader, she also provides the detailed math behind the theories. This book was very helpful for both developing our internal risk management systems, as well as describing those systems to regulatory agencies.
Rating:
Summary: Risk Analyst
Review: I served as the editor for the book "Energy Risk". I am pleased to report that Ms. Pilipovic's book has entered its fourth printing. McGraw-Hill first published the book in 1997 and it sold out within the first six months. In addition to being used by several universities, "Energy Risk" has become required reading for new hires at several U.S. power companies.
Rating:
Summary: Not for newcomers
Review: I work in the energy products/generation industry and thought this will help explain what the whole energy-risk field is about. I'm still as confused now as I was before I bought the book .. probably because I dont have a strong background in computational finance. This is defintely not for newcomers and is really geared to the quants.
Rating: 
Summary: Would not buy with my own money
Review: Overall a very good book on energy derivatives. The author's pratical experience is very valuable. But there are quite a few things to improve: 1. The graphs are not good, particularly date axis. 2. Formulae are not typed well, there are some typos. The publisher can certainly uses some improvement. So if possible, derive the formulae by yourself before using them. This may cost you some money ! 3. The models described in the books are good, but do not use them blindly. It is better to have have solid derivatives background before using these models. J. Hull's book is a good source. Again, this is a good book for people with derivatives background. I'd like to see more examples, rigorious treatment of the formulae and expanded modeling techniques. A must-have for the energy folks...
Rating: 
Summary: It gives me what I need to do my job.
Review: Pilipovic's book provides a great model for trading energy derivatives. I used it as a starting point to come up with my own models that I have started to use in hedging my risk. I recommend it for both speculators and hedgers.
Rating:
Summary: For the Technically Minded Only.
Review: This is a very useful book for those who are looking for a basic primer on risk management tools where the examples are specific to energy related derviatives.
The test is technical so this is appropriate for those who can understand sophisticated mathematical and statistical concepts. BR>Unfortunately, for someone in that audience the information is not very much different from what they already understand.
However, since it uses specific energy examples throughout the text it is useful for those looking for techniques to apply to th energy markets. Also derivatives of the energy markets are reviewed.
Rating:
Summary: An accurate analytical framework of energy risk management!
Review: When I asked energy risk managers all over the U.S who are considered the major experts in energy risk management, they all mentioned Dragana Pilipovic! I read her book and have already designed various systems based on the Pilipovic Model and found that her theories are highly accurate!
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