The introducing of power market can promote competition of generation companies,improve running efficiency and optimize collocation of resource. But it will bring many kindsof uncertainty and generation company will face huge operating risks. In this paper, the riskconcept,the analysis approach and risk management are introduced. Then the paper surroundsprice risk in real market to elaborate three kinds of market risk and evading measures. UsingVaR to forecast clearing price the generator can carry through operating tactics reasonably toreduce the operating risk. Furthermore it uses future contracts to hedge the price risk, anddemonstrates the optimal hedge ratio. Then it brings forward profit loss insurance forgeneration company, and makes out insurance is one of the good measures to reduce operatingrisk. At last the generation company should exploit solar to implement the multilevel strategy. |