自2002年电力市场化改革全面启动以来,我国电力工业获得了突飞猛进的发展, 但电力市场各个主体也面临着前所未有的风险,特别是市场价格波动的风险问题将日渐凸出。金融衍生工具作为一种规避金融交易风险的手段,不仅有利于供需双方信息交流,减弱发电商操纵市场的能力,而且对促进市场公平竞争,形成高效均衡的市场电价具有十分重要的意义。 Since the electricity market reform was fully launched in 2002, China’s power industry has made rapid development. However, all the power market entities are also facing unprecedented risks. In particular, the risk of market price fluctuations will become increasingly prominent. As a means of avoiding the risk of financial transactions, financial derivatives not only facilitate information exchange between supply and demand sides, weaken the ability of power suppliers to manipulate the market, but also play an important role in promoting fair competition in the market and forming an efficient and balanced market electricity price.