In Greek and Roman mythology, weather was given special significance. Both the Roman god Jupiter and the Greek god Zeus were considered gods of weather. They sent rain and storms, and unleashed lightning and thunder. What the Greeks and Romans hoped for from sacrifices can now be achieved through so-called weather derivatives: the avoidance of economic disadvantages caused by undesirable weather developments. Weather derivatives were developed to efficiently hedge revenue and profit risks arising from uncertainty about the weather. The core idea of weather derivatives and the novelty of this instrument is the hedging of quantity or volume risks. Due to the liberalization of energy markets, the risk awareness of local market participants has increased. In order to continue making growth capital available, they are facing...