The enlightenment of foreign mature power futures designed logic to China

With the promotion of the power marketization reform in China, the main body of the power market is facing a variety of market risks, and the problem of the power spot market is becoming increasingly prominent. From the foreign experience, the power futures as a risk management tool have played an i...

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Bibliographic Details
Published in2023 IEEE 6th International Electrical and Energy Conference (CIEEC) pp. 59 - 64
Main Authors Jin, Meihan, Xing, Yuhui, Sun, Tianxu
Format Conference Proceeding
LanguageEnglish
Published IEEE 12.05.2023
Subjects
Australia
Contract design
Contracts
Europe
power futures
Power markets
Power systems
Product design
Risk management
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Summary:With the promotion of the power marketization reform in China, the main body of the power market is facing a variety of market risks, and the problem of the power spot market is becoming increasingly prominent. From the foreign experience, the power futures as a risk management tool have played an important role in price discovery and maintaining market fair competition, etc. The article combed the domestic and foreign scholars on the study of electricity futures, represented by America, northern Europe, Australia, from the electricity futures market development present situation, contract element, trading rules Angle should be carefully analyzed the foreign mature operation electricity futures market development and product design logic, concluded that the development of the construction of the enlightenment to our country electric power futures.
DOI:10.1109/CIEEC58067.2023.10167174