Risk management on power supply and demand sides——the mechanism of interruptible load and risk insurance contract

摘要：

In circumstance of the deregulated electric power industry,risks are directly brought to the power supply and demand companies due to the impact from natural disasters,technology faults,or supply and demand variation.This paper analyzes the efficient risk management trading participated in by the power supply company,power customer and financial institution.Viewed from the options trade,the contract characteristic,the function of insurance,the incentive and compensative mechanism,and the pricing model of the interruptible load contract are mainly discussed,together with further discussion on structure and application of exterior power supply insurance.

关键词： Electric Power Market Risk Management Options Interruptible Load Contract (ILC) Insurance

作者: Jun Fang

作者单位: School of Business and Management,North China electric power University,Baoding,071000,China

会议类型: 国际会议

会议名称: 2008 International Conference on System Management(2008年系统管理学术研讨会)(2008 CSM)

会议地点: 上海

会议语种:英文

页码: 482-487

在线出版日期: 2008-05-30（万方平台首次上网日期，不代表论文的发表时间）