| Hedging Strategy | Electricity Price Contracts (MWh) | Temperature Contracts ($/DD) | Energy Quanto Contracts (MWh/DD) | Mean-Variance Measure (million, $) |
| Strategy 1 | 0 | 0 | 0 | −5,364,339 |
| Strategy 2 | 106,846 | 0 | 0 | −136,864 |
| Strategy 3 | 107,310 | −1650 | 0 | −136,784 |
| Strategy 4 | 91,055 | −85,542 | 1860 | −27,191 |