Risk Decision Analysis on the Electricity Transaction of Power Enterprises in Electricity and Derivative Transactions

Abstract:

In the environment of electricity and derivative transaction, the risk hedging and metastasis of power right transaction in China are needed to establish the risk decision-making for the generated energy/right on electricity generation side. And it will be the key point focused by decision-makers in power enterprises. The planning management of two-stage market transaction risk was conducted with the hedging function of generation rights transaction to establish a risk decision model of comprehensive electricity transaction. The relationship between the electricity price of two-stage market and the identity parameters of transaction participants was given for solving the model. The whole transaction process of generating companies was divided into two stages. The risk decision framework of block transaction was established for the independent transaction decision-making of each segment and the overall optimization. The results of example simulation verified the effectiveness and feasibility of the decisions.

• Periodical: Advanced Materials Research (Volumes 860-863)
• Pages: 2614-2621
• DOI: https://doi.org/10.4028/www.scientific.net/AMR.860-863.2614
• Online since: December 2013
• Authors: Xiao Jiang Huo*, Hao Cheng, Yu Hong Wan, Zhong Jing Liu, Yun Feng Luo
• Keywords: Generation Rights Trade, Power Generation Enterprises, Risk, Transaction Power/Rights

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