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Power Plants In Electricity Sales Process, Risk Prevention

Posted on:2007-10-02Degree:MasterType:Thesis
Country:ChinaCandidate:H WeiFull Text:PDF
GTID:2209360185453658Subject:Power system and its automation
Abstract/Summary:PDF Full Text Request
The development of society and economy is the trend of the reform of the power system. The market mechanism can improve operating efficiency effectively and optimize resources disposition. But because of uncertainty factors increasing, they cause the price fluctuating to be frequent, and cause the market members to face the tremendous risk. It even can threaten the safe operation of the power system. Therefore, dodging risk effectively in the competitive power market, has become the important topic which urgently needs to study and to solve.The paper mainly takes the thermal power plant as an example .First, it studies about the power market particularity to identify the market risk .It is mainly about price fluctuating risk. The paper adopts the financial derivatives to prevent risk. It has analyzed the electric power transaction process and adopted the option in order to dodge the transaction risk between the power producer and the buyer. The power network transfers the risk to the power plant. So, studying the power plant income is important especially. Then it priced the premium of power plant. It offers an effective method to option pricing of power plant. In order to prevent the risk of power mismatch in the market further, it forecasts the load through forecasting the price volatility, and has built the risk control model. And it has confirmed the practical significance by the actual example.Under the present electric power system, the transmission and distribution of power does not have to calculate the cost alone, or does not have independent price. The electric power circulation link cost is not opaque. Larger consumer direct—supplying electricity has been a key problem in Chinese electricity industry reformation. Thus forecasting the load of the big user accurately is related to the power plant cost. The paper proposed the concept of the new power plant, and established the power trading model. It proposed how to prevent the risk of prediction error. Ithas the important value to the power plant. Simultaneously it is also advantageous to use the power capacity and reduces the excessive waste of the social resources.
Keywords/Search Tags:Power market, Option, Risk analysis, Risk control, Direct—supplying electricity
PDF Full Text Request
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