Mots-clés de l'autrice: energy policy ; electricity markets ; market liberalization ; technology restrictions ; energy …

measures on the hedging strategies. For motivation and application purposes hedging in electricity markets is chosen, because … to the German Electricity markets. …

In principle, portfolio optimization in electricity markets can make use of the standard mean-variance model going back … to Markowitz. Yet a key restriction in most electricity markets is the limited liquidity. Therefore the standard model …