Research On Application Of Electric Future In Chinese Electric Power Market

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.Since the implement of the power market reform, the price of electric power has become the most inconstant one in all commodities. The changeability of the electric power price will make the participants of power market facing huge risk of benefit loss. If we don't take some measures to prevent it, the catastrophic result will wait for us. And electric future is just the thing which can keep away and resolve the risk of electric power price in a effective way.The paper consists of three parts primarily. Firstly, part one introduces the reform course of power market and relevant patterns of power transaction, lays a way for introducing of electric future. Then, part two do research on the application of electric future, the emphasis is the future characteristic and the particularity of electric power commodity. On the base of these characteristic, we make some renovations in the transaction mode of electric future. Lastly, part three analyzes meaning of developing electric future and feasibility in our country. Subsequently, the paper puts forward proposal of developing china's electric future market.