煤电价格联动

煤电价格联动下火力发电企业的风险分析模型

Risk Analysis Model for Firepower Companies under Coal-Electricity Price Linkage

对煤电价格联动措施的看法和建议

Evaluation Suggestions on Coal and Electricity Price Linkage Mechanism

2004年，我国电煤价格之争愈加强烈，为此，国家出台了“煤电价格联动机制”。

In the year of 2004 , the price argument over coal and electricity became even more acute .

针对此问题，国家推出了包括煤电价格联动在内的多项措施。

To solve this problem , the State introduced a number of measures including coal and electricity price linkage .

然后，根据煤电价格联动的有关政策，分析了电煤价格上涨及煤电价格联动对火力发电企业利润造成的风险；

The risk of reducing profits made by coal price increasing and the policy of Mechanism of Coal-Electricity Price Linkage is analyzed .

为缓解双方的矛盾，2004年底国家出台了煤电价格联动机制：电价在一定程度上随煤价变化而调整。

To alleviate it , the government has promulgated " Mechanism of Coal-Electricity Price Linkage ", which allows electricity price to vary with coal price to some extent .

该文首先详细论述了期权及其套期保值功能，然后构建了考虑煤电价格联动的交易模型，并在此基础上引入了基于跨式期权组合的风险管理策略。

Option and its hedging function are particularly discussed in this paper . Trade model considering linked prices of coal and electricity is set up and risk management strategy based on straddle options contract is introduced .

标本兼治，煤电价格联动的相关问题才能解决，煤炭和电力行业才能实现持续协调健康发展，共同为国民经济和社会发展做出应有的贡献。

Only the price of the price linkage problems be solved , the sustainable development of the coal and electrical industries can be realized . and then make due contributions to the social and economic development of the whole nation .

然而，在煤电价格实施了两次联动之后，由于煤电价格联动政策自身存在缺陷以及政策在执行过程中遇到许多问题，导致第三次煤电价格联动迟迟未能实施。

However , after twice application of the price linkage between the coal and electricity industries , due to the defects reflected in the policy itself , and the difficulties met in the process of execution of the policy , the third price linkage has been delayed .

因此，本文对中国缓解煤电产业间的冲突所采取的政策及其效果进行了分析，主要是针对煤电价格联动及煤电纵向一体化。

The policies the government adopted to alleviate the conflict between the two industry and their effects are analyzed by this paper . Mainly for coal and electricity price linkage and vertical integration .