Energy Risk Research-Electricity Risk Management

The huge loss of electricity Industry has been a foregone conclusion in 2008, Coal intensification of the conflict, the sharp drop in demand for electricity so that there is at present the field of electric power industry has once again highlighted the contradictions and problems, urgent need for risk management concepts into the energy market, especially the electricity market. Electricity market reform from the Zhejiang, Shandong and other six provinces trying to" Separation of power plants and power grid, bidding on-line" to deepen reform has been nearly seven years. With the Three Gorges and southeastern of Shanxi province UHV AC and DC power transmission project into production, our country has achieved inter-provincial and inter-regional long-range transmission, accelerated the pace of electricity market reform. National and regional electricity markets has been established, the provincial electricity market is gradually taking shape. In this paper, reference to domestic and international energy-related risk management in a large number of references for energy risk, especially for the definition of the risks and causes of the power study, combined with the relevant data of loss-making electric power enterprises in recent years, in-depth analysis of the characteristics of power risk, select the financial statements of the historical analysis of the relevant financial data for analysis, and risk quantification, using the appropriate derivatives to circumvent the required power plants fuel price risk, concluded that an effective risk management strategy of power.