Risk Control and Thoughts on China's Electricity Futures--Referring to Overseas Electricity Futures and Commodity Futures

The establishment of power futures market is an important part of the power market reform, on the one hand, financial derivatives come into being with the development of more market-oriented spot market; on the other hand, participants in the spot market also need such financial products as forward contracts and futures to hedge price risks and guide price expectations. Based on the new features of the domestic power market reform and the mature operational characteristics and risk management experience of overseas power futures contracts and commodity futures, this paper makes a simple design and gives corresponding measures for the risk management of power futures.