The Research On The Operational Risk And Hedging Scheme Of A Gas Company

At present,the acceleration of market-oriented reform of natural gas industry,which is both an opportunity and a challenge,will bring huge changes to the competitive pattern and business environment of urban gas enterprises.Urban gas is an important link in China’s natural gas industry chain.It connects the main body of upstream gas supply and downstream users.It is a significant part related to people’s livelihood and supply,and is extremely affect Chinese economic trend,community progress and quality of life for each person.Urban gas is the downstream business unit of the natural gas industry.It is faced with practical problems such as the limit of upstream price increase,the inability to dredge downstream prices,the decline of overall profit level and so on.In the future,with the deepening of marketization,the overall competitive environment will be more intense,and the inherent extensive and planned business model under the new price system and new competition pattern will no longer adapt to the development of era.From the background environment of A Gas Company,affected by the "double carbon" goal,energy structure adjustment and other factors,the market development is gradually limited,the difficulty of expanding the market scale of the region is gradually increased,the profit space of the gas industry is gradually reduced,and the pressure of market competition is gradually increased.By studying and analyzing the operation situation of A Gas Company,this paper summarizes the risks that the enterprise will face.This paper will set the risks of resources,price,market,policy change and competition as a starting point,and it will identify and analysis the risks facing the current operation.This paper will also explore the problems and deficiencies existing in the risk control,and propose effective solutions.On this basis,according to the company’s development strategic direction and drawing on mature experience,this paper will design the scheme of A Gas Company’s risk management by using hedging methods.It will also verify the feasibility of A Gas Company’s risk management by using hedging simulation.Then,it will compare and analyze the differences between whether to carry out hedging,and evaluate the hedging effect.It provides solutions and specific schemes in high-quality development and risk prevention control for A gas Company in the future.