Palzer, Andreas; Westner, Günther; Madlener, Reinhard - In: Energy Policy 59 (2013) C, pp. 143-160
In this paper, we design and evaluate eight different strategies for hedging commodity price risks of industrial cogeneration plants. Price developments are parameterized based on EEX data from 2008 to 2011. The probability distributions derived are used to determine the value-at-risk (VaR) of...