Olsen, Eirik Tandberg; Sanda, Gaute Egeland; Fleten, … - Volkswirtschaftliche Fakultät, … - 2010
written hedging policies of 12 Norwegian hydropower companies. The scope of our analysis is the hedging of physical … electricity production using the power derivatives available at NASDAQ OMX Commodities. In their hedging policy, these companies … that the derivative cashflows constitute substantial profits for these companies. Furthermore, hedging contributes to …