期货套期保值在回避电价波动风险中的应用  

Application of hedging to avoiding risks of electricity price fluctuation

作　　者：施泉生[1] 莫晓平 

机构地区：[1]上海电力学院电力金融研究所,上海200090

出　　处：《华东电力》2007年第12期10-12,共3页East China Electric Power

基　　金：上海市教委重点项目(06ZS70)资助

摘　　要：电价波动导致的风险关系到电力企业的直接经济损失。电力期货交易是防范、化解电力现货市场价格风险的有效工具。讨论如何通过使用各种套期保值的策略,在电力期货市场上挽回现货市场交易的损失,从而使得电力企业能通过电力期货市场的交易,有效规避电价波动导致的风险。The risk of electricity price fluctuation directly affects power enterprise＇s economic profits while the futures trading of electricity is an effective tool to deal with the price risk in the spot market. The method of using various hedging strategies in the futures market to retrieve losses made in the spot market is discussed. The power enterprise is then enabled to avoid risks of electricity price fluctuation through trading in the futures market.

关 键 词：电力市场 电力期货 套期保值 电价 风险 

分 类 号：F407.61[经济管理—产业经济]