Research On Credit Risk Of Power Market Under The Interaction Between Supply And Demand

The credit management lasts not long in our country,improvement of credit construction in all walks of life was put forward in 2007.The credit system construction was paid high attention in power industry,credit evaluation standards and reward and punishment system was put forward successively.In 2016,the reformation of electric power system was intensified with the issue of No.9 document of electric power system reformation.After reformation,trade types were more diversified and the electric power trade environment was more complicated.In which,the uncertain factor,including interaction between supply and demand,the diversified trade subject and the competition in retail side,brought out more risks in electric power market management.It is urgent for regulators to analyze the risks power market and provide effective decision making advises for preventing management risks.In this paper,the discussion was around the risks in power market under the interaction between supply and demand.First of all,the formation of the question was introduced.Under the background of interaction between supply and demand,basic market types of power market including direct trading,power production right trading,demand respond and power using right trading,were analyzed and the development status of power market was summarized.Moreover,the credit risks type of power market member was put forward,including basic credit risks,financial credit risks,production and operation risks and trade credit risks.Then,from the aspect of comprehensive assessment,the credit assessment model on the basis of Interval Number and Comprehensive Weight for power generation enterprises and consumers was built.From the aspect of risk early warning,the model of credit risks on basis of Grey Forecasting Theory and Matter Element Extension for dynamic warming was built.Through examples,the credit condition of different power generation enterprises and power consumers was compared.Moreover,the future credit was forecasted and the warning level was distinguished.Thus,models of credit risks assessment and dynamic risks warning was verified.At last,combing above study,precautionary measure and safeguard mechanism were put forward for the power market under the background of interaction between supply and demand.