Open AccessResearch on Modeling and Simulation for Power Financial Transactions in Recent Chinese Power Market
Author(s) -
Menghua Fan,
Zheng Zhong
Publication year - 2019
Publication title -
iop conference series. earth and environmental science
Language(s) - English
Resource type - Journals
eISSN - 1755-1307
pISSN - 1755-1315
DOI - 10.1088/1755-1315/358/4/042069
Subject(s) - electricity market , futures contract , market microstructure , business , pace , electricity , finance , factor market , china , financial market , economics , order (exchange) , market economy , engineering , geodesy , geography , electrical engineering , political science , law
At present, the pace of power market construction in China is accelerating. The policy system and market rules are constantly improving. The market system combining medium and long-term with spot market has been gradually established. The power market trading volume has reached a certain scale, and the reform dividend is released. As of the end of June 2019, eight provincial spot market pilot projects have fully started the simulation and test run. With the gradual improvement of various physical electricity trading mechanisms, the types of transactions in China’s electricity market will extend from the electricity market, auxiliary services market to futures, options, financial transmission rights and other financial derivatives trading markets. In view of the types of electricity financial transactions that have been carried out in China, simulation models are established in this paper and empirical analysis is conducted, which can provide references for further deepening the construction of China’s electricity market.