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WorksheetsComplete_Quiz_Energy_Trading
Total questions: 45
Worksheet time: 23mins
What is not a commodity?
Metals
Agricultural products
Android Smartphones
Energy
Which of the following is NOT a reason that Windows Computers are not a commodity?
Producer is relevant
Non-standardized products
No market is available
Buyer is relevant
Which of the following is not a job role in energy trading?
Portfolio Manager
Dispatcher
Analyst
Angel Investor
What is NOT part of the analysts job?
Predict fundamental changes
Compare market outcomes with external events
Find trends
Speculate on unpredictable market situations
Which of the following is not a Tie-Breaker?
Order Imbalance
Market Direction
Continuous Market Price
Number of buyers/sellers
Which of the following values has little to no indication for the order book?
Highest Bid Price
Indicative Equilibrium Price
Lowest Ask Price
Mid-Price
Consider the following table, which is the Indicative Equilibrium Price?
3,22
3,21
3,2
3,19
In a continuous trading situation, which is the first trade happening?
16:05 F -> B
16:03 F -> A
16:06 F -> A
16:05 F -> G
Which of the following is NOT an important characteristic of a grid?
Natural Monopoly
Geographically fixed
Specific for one type of commodity
Needs to be strictly balanced in all cases
Which of the following is NOT an important characteristic of electricity?
Grid Bound
Fungible
Not Storable
Producer
What is voltage of a common distribution grid in Germany?
230/400V
220 to 380kV
60 to 110kV
6 to 30kV
Which one is NOT an energy unit?
Joule
TOE
kWh
kW
Which of the following is NOT an energy unit?
hkWh
BTU
Joule
TOE
Where can a fuel shift mostly be expected in reality?
Nuclear/Wind
Coal/Gas
Hydroelectricity/
Nuclear
Wind/Solar
Which effect does an increase in efficiency have on the marginal cost structure?
Cost increases
Is independent
Cost decreases
Depends on the input
How is the merit order curve built? (from left to right)
From cheapest to most expensive
From most expensive to cheapest
From highest to lowest capacity
From lowest to highest capacity
How do increased emissions certificate prices usually influence the market?
Lower average emissions, higher average marginal cost
Higher average emissions, lower average marginal cost
Lower average emissions, same price
Same average emissions, higher prices
Which of the following does NOT influence the marginal cost structure in energy production?
Efficiency
Certificate Costs
Fuel Costs
Investment
Which of the following is NOT a power unit?
sJ
W
kWh
hkWh
What is NOT a goal of emission trading?
Decrease CO2 emissions
Account for marginal social costs
Efficiently allocate abatement
Make energy production more costly in general
How are electricity prices chosen?
Marginal costing for each producer
Merit order curve
Average pricing over the market
Best guess
What does a positive drift factor usually implicate for the geometric Brownian motion?
Asset value is expected to decline
Asset value is expected to increase
Volatility is expected to decline
Volatility is expected to increase
Which of the following is an important measure for risk management?
Initial asset price
Time period
Drift
95% VaR
You are given the following values:
Bid 24.75; Bid 24.45; Bid 34.95; Ask 25.25; Ask, 24.55
Which is the first line of the order book?
Bid 24.75; Ask 24.55
Bid 34.95; Ask 24.55
Bid 24.45; Ask 25.25
Bid 34.95; Ask 25.25
What is not a commodity?
Metals
Agricultural products
Android Smartphones
Energy
Which of the following is not a job role in energy trading?
Portfolio Manager
Dispatcher
Analyst
Angel Investor
Which of the following is not a Tie-Breaker?
Order Imbalance
Market Direction
Continuous Market Price
Number of buyers/sellers
Which of the following is NOT an energy unit?
hkWh
BTU
Joule
TOE
Which effect does an increase in efficiency have on the marginal cost structure?
Cost increases
Is independent
Cost decreases
Depends on the input
Which of the following is not a usual product in energy markets?
Peak-Load
Base-Load
Off-Base-Load
Off-Peak-Load
You buy a stock at 50€, at the end of the day it is valued at 55€, the day after at 52.5€. What are the M2M positions for the respective ends of the day and the overall M2M P&L?
5€, -2.5€, 2.5€
5€, 2.5€, -2.5€
55€, -2.5€, 52.5€
-5€, 2.5€, -2.5€
You plan to focus your early days in energy trading on making arbitrage on different products. You see that there is a big price discrepancy for baseload June products. Which of the following is NOT a method to extract the baseload June product.
Buy year ahead b
Base-Load and sell all months individually
Buy Q2 Base-Load and sell April, May and June separately
Buy Peak-Load June and Off-Peak-Load June
Buy Q2 Peak-Load and sell April, May and June Base-Load
What is NOT part of the analysts job?
Predict fundamental changes
Compare market outcomes with external events
Find trends
Speculate on unpredictable market situations
Which of the following is NOT an important characteristic of a grid?
Natural Monopoly
Geographically fixed
Specific for one type of commodity
Needs to be strictly balanced in all cases
Consider the following table, which is the Indicative Equilibrium Price?
3,22
3,21
3,2
3,19
What is voltage of a common distribution grid in Germany?
230/400V
220 to 380kV
60 to 110kV
6 to 30kV
Which of the following is NOT a power unit?
sJ
W
kWh
hkWh
Which of the following is NOT an energy unit?
hkWh
BTU
Joule
TOE
The current stock price of an asset is 120€ and the strike price for a put option is at 100€. The option is currently:
ITM
ATM
OTM
None
The current stock price of an asset is 80€ and the strike price for a put option is at 100€. The option is currently:
ITM
OTM
ATM
None
The current stock price of an asset is 120€ and the strike price for a call option is at 100€. The option is currently:
ITM
OTM
ATM
None
The current stock price of an asset is 80€ and the strike price for a call option is at 100€. The option is currently:
ITM
ATM
OTM
None
Which combination of options resembles a long stock position?
ATM Long Call & ATM Short Put
ATM Long Call & OTM Short Call
OTM Long Call & OTM Short Put
ITM Long Put & ATM Long Put
Which strategy is called the covered call?
Buying a call option and owning the stock
Selling a call option and owning the stock
Selling a put option and owning the stock
Buying a put option and owning the stock
Which strategy is called the married put?
Buying a call option and owning the stock
Selling a call option and owning the stock
Selling a put option and owning the stock
Buying a put option and owning the stock
