随着电力现货市场的逐步成熟与可再生能源参与电力市场比例的提高，建设电力衍生品市场的需求和条件已逐步具备。为了给市场主体提供足够的风险管理手段，同时提高市场效率，在深入分析北欧电力衍生品市场建设的实践经验的基础上研究了我国电力中长期市场建设的关键问题。首先，阐述了电力衍生品的风险管理原理及其建设意义；然后分析北欧电力衍生品市场的建设路径，包括电力交易中心经营阶段与证券交易所经营阶段；接着结合当前北欧最新的电力衍生品合约分析电力衍生品与电力现货的衔接关系；最后结合我国当前电力中长期市场现状，从产品体系、具体交易品种、衔接机制、建设路径与经营过程5个方面论述北欧电力衍生品市场对我国电力中长期市场建设的启示。

With the gradual maturity of the electricity spot market and the increase of the proportion of renewable energy participating in the electricity market, the demand and conditions for building an electricity derivative market have gradually been met. In order to provide market entities with sufficient risk management tools and to improve market efficiency, on the basis of an in-depth analysis of the practical experience of the construction of the Nordic electricity derivatives market, the key issues of China′s medium and long-term electricity market construction are studied. Firstly, on the risk management principles and construction significance of power derivatives are elaborated. Then the construction path of the Nordic electricity derivatives market is analyzed, including the operation stage of the electricity trading center and the operation stage of the securities exchange. Next, combined with the latest Nordic electricity derivatives contracts, the connection relationship between electricity derivatives and electricity spot prices is analyzed. Finally, based on the current situation of China′s medium and long-term electricity market, the inspiration of the Nordic electricity derivatives market for the construction of China′s medium and long-term electricity market is discussed from five aspects: product system, specific trading varieties, linkage mechanism, construction path, and business process.