建设资金短缺是制约电力工业发展的“瓶颈”。本文在考虑到电力企业建设项目投资大,建设周期长等特点的基础上、针对普通债券融资容易造成利息支付困难,或导致企业盈利不平稳的情况,设计了基于电价变化的浮动利率电力债券,一方面拓宽了电力企业的融资渠道,而且有助于电力企业的利息支付合理分摊,实现融资期限和项目周期相互匹配;另一方面、为市场上增加了新的投资品种,较之普通的电力债券更具吸引力。 The shortage of construction funds is a “bottleneck” that restricts the development of the power industry. In this paper, based on the characteristics of large investment in construction projects of power companies, long construction period, etc., difficulties in interest payment for common bond financing, or unfavorable profitability of enterprises, we designed a floating interest rate power bond based on changes in electricity prices. On the one hand, it broadens the financing channels for power companies, and it helps the company’s interest payments to be allocated in a reasonable way, matching the financing period with the project cycle; on the other hand, it adds new investment types to the market, compared to ordinary electricity. Bonds are more attractive.