The growth in variable renewable energy (vRES) and the need for flexibility in power systems go hand in hand. We study … three European electricity markets (Germany, UK, Nordic) over the time period 2009-2016. We find that market participants … (electricity, CO2, and coal/gas). Specifically, we show that the total vRES capacity installed during 2009-2016 is associated with …

This paper carries out a comparative analysis of managing energy risk through futures hedging, for energy market … and the hedging effectiveness of different energy assets. Better performance is found for West Texas Intermediate Oil and … participants across a broad dataset that encompasses the largest and most actively traded energy products. Uniquely, we carry out a …

This paper focuses on the valuation and hedging of gas storage facilities, using a spot-based valuation framework … coupled with a financial hedging strategy implemented with futures contracts. The contributions of this paper are two … price, but more importantly that the hedging strategy commonly used in the industry leaves the storage operator with …

This paper provides a unique perspective to the question of why U.S. producers' hedging practices are not consistent … producing in a supported environment decreases hedging for pre-planting and pre-harvest price levels by approximately 30 and 20 … agricultural lending practices and the relative costs of price-risk management (hedging) tools across countries …

If the creditworthiness of a counterparty is a derivative of a commodity price, there is the potential to have right … only works if the stock and commodity price are cointegrated. To set the stage I subsume various models for optimal hedging …

This article provides a unique perspective to why U.S. producers' hedging practices are not consistent with the price ….S.) decreases hedging for preplanting and preharvest expected yields by 30.39% and 20.03%, respectively. This study raises issues …

If the creditworthiness of a counterparty is a derivative of a commodity price, there is the potential to have right … stage I subsume various models for optimal hedging under one general co-integrated model. In a worked example three models …