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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。
In this paper, we introduce a great deal of research and different viewpoints of domestic and foreign scholars on the risk of introducing electricity futures control price in recent years. Based on the economic analysis of price volatility in power market, it reveals that there are multiple transmission mechanisms in the electricity futures contract to stabilize the electricity price risk. The dynamic hedging model under the risk minimization goal is constructed by taking the power generation enterprises as an example. Think of electricity futures as a way to control the risk of electricity prices, and also pose a huge risk based on the high price volatility.