As wind power's share of electricity generation has increased, so have the financial consequences of risks associated with its inherently high variability - risks which don't just affect wind power producers but reverberate vertically through the value chain and horizontally to affect a range of electricity market players. Large utilities can manage risk with a combination of all three basic risk management strategies: limiting exposure to specific energy sources, diversifying, and engaging in extensive trading activities to hedge several types of risks across their operations.