Feasibility Study Report Of Yunnan Province Electric Power Financial Market Construction

Power market is the market of power industry.It is a new market derived from the combination of market principle and power system in economics.Combined with the development of China's power market for many years,the power market not only has the development law of the conventional market,but also has its own particularity.Due to the special attributes of the power market itself,the characteristics of the power market are also very significant: openness,competitiveness and coordination.We should also clearly realize that the difference between the electricity market and other commodity markets lies in that the production,transmission and consumption of electricity must be completed at the same time,which has the particularity of dynamic balance between supply and demand,which is not possessed by any other commodity market.In the development history of China's electric power industry for one hundred years,it is rare to try to transform the electric power market and establish a new competitive market.Combined with the actual situation,China's power market is still in the embryonic stage of development,there are many deficiencies,but there is no doubt that the development of market-oriented power industry is an effective means to achieve sustainable development of power industry.Yunnan Province is located in the southwest of China,with unique natural geographical conditions.The natural resources in the region are rich,especially the hydropower resources and coal resources.The wind energy and solar energy resourcesare also extremely rich.The power industry has become an important pillar industry in the province,and Yunnan has also become an important clean energy base and west east power transmission base in the country.In the new round of power system reform in 2015,Yunnan became the first batch of comprehensive reform pilot provinces in China.After four years of exploration and practice,Yunnan has made major breakthroughs in key reform tasks such as transmission and distribution price reform,power market-oriented reform,trading organization establishment and power generation and utilization plan reform,which has played a positive role in promoting the nationwide power system reform Use.In recent years,with the advocacy of our government,all levels of regions in China have begun to try to improve the market-oriented power industry.The large fluctuation of the power industry will inevitably have a significant impact on the price of electricity.In order to reduce the risk of the power market and ensure the stable development of the power market after the transformation,the author thinks that all levels of regions in China can consider learning from the excellent experience of foreign countries,and appropriately select financial derivatives to enter the power market.Therefore,what kind of financial derivatives are used? How to implement the financial transaction in the electricity market? These problems have become a problem that the domestic academic circles attach great importance to.Based on the background of remarkable achievements in the reform of Yunnan electric power market,this paper summarizes the experience of Yunnan electric power market construction in recent years,expounds the relevant theories of electric power commodity,and through the analysis and summary of several successful foreign financial market transaction modes of electric power market,forms Yunnan with the help of Kunming electric power trading center as the starting point,taking the price difference contract as the starting point The construction idea of power market financial transaction can provide some experience for exploring the feasibility of Yunnan power financial market,and then put forward some suggestions on the stable development and operation supervision of power financial market.