This paper is the first to discuss the design of futures hedging strategies in European natural gas markets (NBP, TTF … values of the basis (futures price minus spot price). This fact remain true for short (a week) and long (one, three and six …

This paper is the first to discuss the design of futures hedging strategies in European natural gas markets (NBP, TTF … values of the basis (futures price minus spot price). This fact remain true for short (a week) and long (one, three and six …

This paper is the first to discuss the design of futures hedging strategies in European natural gas markets (NBP, TTF … values of the basis (futures price minus spot price). This fact remain true for short (a week) and long (one, three and six …

this paper, weekly spot price risk is hedged with weekly futures in the Nord Pool electricity market. In this case, the … optimal selection of the futures contract may produce risk reductions whose values vary between 60% and 80% – depending on the …

In many futures markets, trading is concentrated in the front contract and positions are rolled-over until the strategy … in rolled-over positions in the front contract is carried out for UK natural gas futures. Several novel results are … months, this difference increases from 1% to 10%. Secondly, it is the first time that risk premium in day-ahead futures has …