The Coordination And Development Between Future Market And Spot Market For Power Supplies

The State Electricity Regulatory Commission requested independent power companies transact on the platform of region power market in June, 2003. Its forward purpose is electric future market and option market, and forward contract transaction.So the research of medium and long-term contract transaction and futures transaction makes power suppliers find better bidding strategies in order to be in better situation. This paper describes the theory and mechanism of medium and long-term contract transaction firstly , and discuss futures transaction ,then presents bidding strategy coordination between future market and spot market to distribute the bidding power in order to get more profit and decrease risk.Finally basing on the above theory and model, we developed relevant software with huaneng weihai power plant. Gao Liling(management science and engineering)Directed by prof. Li Cunbin and prof. Zeng Ming...