Research And Electricity Forward Contract Trading Platform

With the development of our country's electricity market, the great volatility and unpredictability of the electricity price has make the designer and participator of the electricity market realize the importance of the risk management. Although there are many limits to establish electricity futures market, but we can establish electricity forward market at first. Because the electricity forward exchange is the inevitable choice, it can lock the electricity prices and avoid the risk of price volatility, and the market equilibrium price can be reduced. What's more, a fair market competition can help to form an efficient equilibrium price. All of this is can make great differences to the participators in exchange decision. So is it to the development of the electricity market in reality and theory means.The thesis designs an experiment of electricity forward contract transaction on the basis of a software the author has make, and it uses the model of Gounod Magnates. In the condition of electricity marketing Magnates Competition and repeated price, electricity suppliers and dealers may adopt new trading strategies after they choose the forward contract transaction.The purpose of this experiment is to research the impact those trading strategies make on the market balance, the stock transactions and the electricity suppliers'marketing forces and so on. This experiment whose subjects are selected through the transaction process training postgraduates in the non-electric power divides into two different tests. The subjects are 5 people a total, three of them represent different electricity suppliers, and the other two on behalf of dealers. The three people who represent different electricity suppliers are familiar with the basis of the electricity market and have some knowledge of the mode of operation, so they can make decisions of the output of power plants. The experiment which is based on information received by generation companies set two different experiments is to compare the effect that different experiment condition has on their respective results.According to the result of this experiment, under the oligarch monopolization, the forward contract transactions can effectively reduce the market-clearing price and increase the generating capacity. It can avoid marketing risk to some extent and reduce the competitive force of monopoly, so as to ensure the fair competition and the stability of electricity market. What we can be seen from the two experiments is that the amount of information received by generators will affect the price and the production decision of power output.