南方电网技术2025，Vol.19Issue(8)：72-82,11.DOI:10.13648/j.cnki.issn1674-0629.2025.08.008
北欧电力衍生品市场对中国电力中长期市场建设的启示
Inspiration of the Nordic Electricity Derivatives Market for the Construction of China's Medium and Long-Term Electricity Market
摘要
Abstract
With the gradual maturity of the electricity spot market and the increase of the proportion of renewable energy participating in the electricity market,the demand and conditions for building an electricity derivative market have gradually been met.In order to provide market entities with sufficient risk management tools and to improve market efficiency,on the basis of an in-depth analysis of the practical experience of the construction of the Nordic electricity derivatives market,the key issues of China's medium and long-term electricity market construction are studied.Firstly,on the risk management principles and construction significance of power derivatives are elaborated.Then the construction path of the Nordic electricity derivatives market is analyzed,including the operation stage of the electricity trading center and the operation stage of the securities exchange.Next,combined with the latest Nordic electricity derivatives contracts,the connection relationship between electricity derivatives and electricity spot prices is analyzed.Finally,based on the current situation of China's medium and long-term electricity market,the inspiration of the Nordic electricity derivatives market for the construction of China's medium and long-term electricity market is discussed from five aspects:product system,specific trading varieties,linkage mechanism,construction path,and business process.关键词
电力衍生品市场/电力中长期市场/电力期货/电力期权Key words
electricity derivatives market/medium and long-term electricity market/electricity futures/electricity options分类
信息技术与安全科学引用本文复制引用
白云霄,许遵楠,季天瑶,荆朝霞,钟佳宇..北欧电力衍生品市场对中国电力中长期市场建设的启示[J].南方电网技术,2025,19(8):72-82,11.基金项目
国家自然科学基金资助项目(52077081) （52077081）
广东电力交易中心有限责任公司创新项目(GDKJXM20222592).Supported by the National Nature Science Foundation of China(52077081) （GDKJXM20222592）
Innovation Project of Guangdong Power Exchange Center Co.,Ltd.(GDKJXM20222592). （GDKJXM20222592）
