摘要
介绍了近年来国内外学者对引入电力期货控制电价风险的大量研究和不同观点。基于对电力市场价格波动的经济学分析,揭示了电力期货合约平抑电价风险存在多重传导机制,并以发电企业为例构建了风险最小化目标下的动态套期保值模型。认为电力期货可以控制电价风险,也可基于电价的高度波动引发巨大风险。
Plenty of research and various opinions on electricity price risk control by electricity futures both at home and abroad were presented. Based on the economics analysis of price fluctuation in the electricity market, it was re- vealed that the multiple conductive mechanism existed in price risk mitigation by electricity futures. The dynamic hedging model for generators to minimize the risk was also constructed. The conclusion was that electricity futures could be used to control price risks, but could also induce great risks due to on sharp price fluctuations.
出处
《华东电力》
北大核心
2009年第5期731-734,共4页
East China Electric Power
基金
上海市重点学科建设项目(J51302)
关键词
电力期货
价格波动
风险控制
套期保值
electricity futures
price fluctuation
risk control
hedging
