【摘要】 考虑投资方通过投资一个水电厂与电网公司签订电力交换合同,利用实物期权法对资产进行合理定价。基于项目受益双方的利益最大化建立电力交换合同收益的均衡模型,并得到了合同电价的均衡方程。算例仿真和理论研究表明,该合同既保障电网公司免受电力需求不足或供应不足带来的损失,又兼顾了双方收益公平,具有现实意义。更多还原

【Abstract】 The investor signs power exchange contract with the power grid firm for investing a hydropower project,and a reasonable price of asset can be evaluated by use of real options approach.This paper puts forward a model of income equilibrium between the two power exchange sides,and gains an equilibrium equation based on the maximum benefit of two sides.The contract can make the power grid firm avoid peak period of insufficient demand and inadequate supply of the power loss,and it also can lead to fair balance between the two sides.Some helpful results which match with reality are acquired from the theoretical studies and numerical emulational analysis.更多还原