Möller, Christoph; Rachev, Svetlozar T.; Fabozzi, Frank J. - In: Energy Economics 33 (2011) 1, pp. 2-11
Traditional management of electricity portfolios is focused on the day-ahead market and futures of longer maturity. Within limits, market participants can however also resort to the balancing energy market to close their positions. In this paper, we determine strategic positions in the balancing...