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Electricity Restructuring in China: The Elusive Quest for Competition

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Author Info

  • Russell Pittman

    (Economic Analysis Group, Antitrust Division, Department of Justice)

  • Vanessa Yanhua Zhang

    (LECG)

Abstract

The continuation of China’s remarkable economic growth will depend on continued increases in electricity supply. China has commenced a program of electricity sector restructuring, with the announced aim of relying on markets and competition to provide incentives for attracting private investment and encouraging efficiency. However, a close examination of the generation markets being created suggests that truly free wholesale prices are likely to be both high and volatile. This may be the reason that these prices have not yet been freed – and it may not bode well for true market liberalization in the future.

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File URL: http://www.justice.gov/atr/public/eag/232668.pdf
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Bibliographic Info

Paper provided by Department of Justice, Antitrust Division in its series EAG Discussions Papers with number 200805.

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Length: 33 pages
Date of creation: Apr 2008
Date of revision:
Handle: RePEc:doj:eagpap:200805

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Postal: Department of Justice Antitrust Division 450 Fifth Street NW Washington, DC 20530
Email:
Web page: http://www.justice.gov/atr/
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Related research

Keywords: Electricity Restructuring; Competition; China;

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References

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  1. Severin Borenstein & James Bushnell, 1998. "An Empirical Analysis of the Potential for Market Power in California's Electricity Industry," NBER Working Papers 6463, National Bureau of Economic Research, Inc.
  2. Gnansounou, Edgard & Dong, Jun, 2004. "Opportunity for inter-regional integration of electricity markets: the case of Shandong and Shanghai in East China," Energy Policy, Elsevier, vol. 32(15), pages 1737-1751, October.
  3. Lewis Evans & Graeme Guthrie & Steen Videbeck, 2008. "Assessing The Integration Of Electricity Markets Using Principal Component Analysis: Network And Market Structure Effects," Contemporary Economic Policy, Western Economic Association International, vol. 26(1), pages 145-161, 01.
  4. Xinzhu Zhang & Vanessa Yanhua Zhang, 2007. "The Antimonopoly Law in China: Where Do We Stand?," CPI Journal, Competition Policy International, vol. 3.
  5. Green, Richard & Le Coq, Chloé, 2010. "The length of contracts and collusion," International Journal of Industrial Organization, Elsevier, vol. 28(1), pages 21-29, January.
  6. Yang, H., 2006. "Overview of the Chinese Electricity Industry and Its Current Issues," Cambridge Working Papers in Economics 0617, Faculty of Economics, University of Cambridge.
  7. Bushnell, James & Mansur, Erin T. & Saravia, Celeste, 2008. "Vertical Arrangements, Market Structure and Competition: An Analysis of Restructured U.S. Electricity Markets," Staff General Research Papers 13130, Iowa State University, Department of Economics.
  8. Xu, Shaofeng & Chen, Wenying, 2006. "The reform of electricity power sector in the PR of China," Energy Policy, Elsevier, vol. 34(16), pages 2455-2465, November.
  9. Russell Pittman, 2001. "Vertical Restructuring of the Infrastructure Sectors of Transition Economies," Industrial Organization 0111002, EconWPA.
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Citations

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Cited by:
  1. Chang, Yen-Chiang & Wang, Nannan, 2010. "Environmental regulations and emissions trading in China," Energy Policy, Elsevier, vol. 38(7), pages 3356-3364, July.
  2. Gao, Hang & Van Biesebroeck, Johannes, 2011. "Effects of Deregulation and Vertical Unbundling on the Performance of China's Electricity Generation Sector," CEPR Discussion Papers 8695, C.E.P.R. Discussion Papers.
  3. Kahrl, Fredrich & Williams, Jim & Jianhua, Ding & Junfeng, Hu, 2011. "Challenges to China's transition to a low carbon electricity system," Energy Policy, Elsevier, vol. 39(7), pages 4032-4041, July.
  4. Du, Limin & He, Yanan & Yan, Jianye, 2013. "The effects of electricity reforms on productivity and efficiency of China's fossil-fired power plants: An empirical analysis," Energy Economics, Elsevier, vol. 40(C), pages 804-812.

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