A Compliance Risk Assessment Model for Power Exchange Centers Based on Analytic Network Process and Fuzzy Comprehensive Evaluation

With the acceleration of our nation’s power market reform, the market openness and participation of various entities has significantly increased, this transformation has brought tremendous pressure to power exchange centers (PECs). To serve the market well, it is imperative for PECs to apply compliance management. Since the risk assessment is a major part of compliance management, this paper is going to construct an evaluation model from the aspects of Market Constructions, Staff and organization Management, Registration and Admittance, Transaction Management, Settlement and Contract Performance, Information Disclosure and Reporting, Trading Platform Operation and Service Quality. By adopting analytic network process (ANP) and fuzzy comprehensive evaluation (FCE), a complete risk assessment system will be established. Finally, taking Jibei Power Exchange Center as an analysis example, this paper will provide the assessment outcome together with some guiding proposals over the construction of compliance risks management system.