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Measuring the Impact of Electricity Market Reform in a Chinese Context

Author

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  • Michael Pollitt

    (EPRG, CJBS, University of Cambridge)

Abstract

This paper draws on international experience to examine how the ongoing power sector reform (PSR) in China since 2015 should be measured and assessed. We proceed by reviewing some relevant international reform experience and then applying this to the Chinese context. Thus we focus on some of the extensive previous literature which has documented reforms in cross-country and in single country studies. We pay particular attention to the European Union (EU) single electricity market, which is the largest integrated electricity market in the world. We also look at a social cost benefit analyses of UK electricity market reforms and how these might applied in a given Chinese province. We go on to examine the actual price impact evidence from two leading provinces – Guangdong and Zhejiang – on the overall price effect and on exactly how those price effects have been achieved. We then offer some insights from the extensive regulatory reporting by leading regulators on market performance that is relevant to PSR in China based on excellent annual reporting from the UK, Australia and the US.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Michael Pollitt, 2021. "Measuring the Impact of Electricity Market Reform in a Chinese Context," Working Papers EPRG2111, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
    • Handle: RePEc:enp:wpaper:eprg2111
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    Cited by:

    1. Danlu Xu & Zhoubin Liu & Rui Shan & Haixiao Weng & Haoyu Zhang, 2023. "How a Grid Company Could Enter the Hydrogen Industry through a New Business Model: A Case Study in China," Sustainability, MDPI, vol. 15(5), pages 1-21, March.
    2. Zhang, Chonghui & Li, Xiangwen & Sun, Yunfei & Chen, Ji & Streimikiene, Dalia, 2023. "Policy modeling consistency analysis during energy crises: Evidence from China's coal power policy," Technological Forecasting and Social Change, Elsevier, vol. 197(C).
    3. Cheng, Xiaobin & Liu, Pengfei & Zhu, Lei, 2024. "The impact of electricity market reform on renewable energy production," Energy Policy, Elsevier, vol. 194(C).
    4. Liu, Tingting & Chen, Zhe & Xu, Jiuping, 2022. "Empirical evidence based effectiveness assessment of policy regimes for wind power development in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 164(C).
    5. Feng Liu & Yihang Wei & Yu Du & Tao Lv, 2022. "Mechanism and Influencing Factors of Low-Carbon Coal Power Transition under China’s Carbon Trading Scheme: An Evolutionary Game Analysis," IJERPH, MDPI, vol. 20(1), pages 1-15, December.
    6. Tianyu Li & Ciwei Gao & Michael G. Pollitt & Tao Chen & Hao Ming, 2025. "Measuring the Effects of Power System Reform in Jiangsu Province, China from the Perspective of Social Cost Benefit Analysis," The Energy Journal, , vol. 46(2), pages 1-33, March.
    7. Cao, Jing & Ho, Mun S. & Ma, Rong & Zhang, Yu, 2024. "Transition from plan to market: Imperfect regulations in the electricity sector of China," Journal of Comparative Economics, Elsevier, vol. 52(2), pages 509-533.

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    JEL classification:

    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities

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