电力期货是规避现货市场风险的有效管理工具,目前国外主要的电力市场均以合约交易为主、现货交易为辅,实现了现货的价格调节功能与期货的价格风险规避功能的结合,在成熟的合约市场交易基础上出现了电力期货交易所。在电力期货交易背景下,结合流域水电公司的特点,分析价格风险,结合其收益模型探讨了流域水电公司在电力期货交易下的竞争策略。
Since the electricity futures trading is an effective tool to avoid risks of spot markets, almost all the major overseas power markets adopt contract trading as their primary trading method and spot trading as the auxiliary one, so that they can make use of the price adjustment function of the spot trading and the price risk avoiding function of the futures trading at the same time. The electricity futures trading exchange came into being in the mature contract trading market consequently. Based on the characteristics of river-based hydropower companies, the price risks in the electricity futures trading are analyzed, and the competition strategies of river-based hydropower companies in electricity futures trading are discussed according to their profit models.