Motivated by the relatively infrequent but very large price spikes in the day-ahead and real-time energy markets operated by the Electric Reliability Council of Texas, this paper proposes an insurance that a small and risk-averse retailer in Texas (i.e.,
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I went to work for the Texas Department of Public Safety as a Dispatcher, then became Supervisor, and stayed 40 years. Retirement didn’t fit me so now I work for Allen Butler Construction. I gave them up and walked without them for 60+ years. After I got old (84 years old now) I...