Recommendation for New Energy Companies to Plan Ahead

Experts suggest that in response to the upcoming electricity futures market, new energy power generation enterprises need to prepare for rainy days by establishing a systematic strategy for participating in the futures market. This will achieve spot-futures synergy, effectively manage price risks, and better serve the real economy.

Building a risk management system is fundamental. Enterprises should establish dedicated hedging management institutions and professional teams. Based on risk preferences, diversified strategies should be adopted, such as basic hedging, proportional hedging, rolling hedging, and spread trading.

Simultaneously, the establishment of a spot-futures linkage mechanism is also crucial. Enterprises need to integrate their electricity trading and financial derivatives trading teams to achieve information sharing and collaborative decision-making. A risk management system covering the entire value chain should be established, considering price risks at every stage from project development and construction to operation. Internal risk measurement models should be developed concurrently to monitor risk exposure and hedging effectiveness in real-time, with regular evaluation and adjustment of hedging strategies to adapt to market changes.

Experts point out that with the deepening of power market reform and the advancement of a unified national electricity market, electricity futures will become an indispensable management tool for new energy enterprises. Companies should plan ahead, cultivate professional talent, and establish a sound risk management system. This will not only ensure their own stable operation but also contribute significantly to the energy transition and the achievement of "dual carbon" goals.