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Power market reform in China: Motivations, progress, and recommendations

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Cited by:

  1. Fatras, Nicolas & Ma, Zheng & Duan, Hongbo & Jørgensen, Bo Nørregaard, 2022. "A systematic review of electricity market liberalisation and its alignment with industrial consumer participation: A comparison between the Nordics and China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 167(C).
  2. 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.
  3. Wang, Cuiling & Wang, Baolong & You, Fengqi, 2024. "Demand response for residential buildings using hierarchical nonlinear model predictive control for plug-and-play," Applied Energy, Elsevier, vol. 369(C).
  4. Shuangquan Liu & Yanxuan Huang & Yue Wang & Qizhuan Shao & Han Zhou & Jinwen Wang & Cheng Chen, 2023. "Incentive Mechanisms to Integrate More Renewable Energy in Electricity Markets in China," Energies, MDPI, vol. 16(18), pages 1-16, September.
  5. Guannan Wang & Juan Meng & Bin Mo, 2023. "Dynamic Volatility Spillover Effects and Portfolio Strategies among Crude Oil, Gold, and Chinese Electricity Companies," Mathematics, MDPI, vol. 11(4), pages 1-25, February.
  6. Mei, Shufan & Tan, Qinliang & Trivedi, Anupam & Srinivasan, Dipti, 2024. "A two-step optimization model for virtual power plant participating in spot market based on energy storage power distribution considering comprehensive forecasting error of renewable energy output," Applied Energy, Elsevier, vol. 376(PB).
  7. Zhang, Xiaodong & Patino-Echeverri, Dalia & Li, Mingquan & Wu, Libo, 2022. "A review of publicly available data sources for models to study renewables integration in China's power system," Renewable and Sustainable Energy Reviews, Elsevier, vol. 159(C).
  8. Xinze Li & Luojia Wang & Kerui Du, 2023. "How do environmental regulations influence resource misallocation in China? The role of investment flows," Business Strategy and the Environment, Wiley Blackwell, vol. 32(1), pages 538-550, January.
  9. Wenying Fu, 2024. "State infrastructural power through scalar practices: On China’s decarbonization endeavors," Environment and Planning A, , vol. 56(3), pages 784-801, May.
  10. Zhang, Haoran & Li, Ruixiong & Cai, Xingrui & Zheng, Chaoyue & Liu, Laibao & Liu, Maodian & Zhang, Qianru & Lin, Huiming & Chen, Long & Wang, Xuejun, 2022. "Do electricity flows hamper regional economic–environmental equity?," Applied Energy, Elsevier, vol. 326(C).
  11. Li, Tianyu & Gao, Ciwei & Chen, Tao & Jiang, Yu & Feng, Yingchun, 2022. "Medium and long-term electricity market trading strategy considering renewable portfolio standard in the transitional period of electricity market reform in Jiangsu, China," Energy Economics, Elsevier, vol. 107(C).
  12. Jia, Zhijie & Lin, Boqiang & Wen, Shiyan, 2022. "Electricity market Reform: The perspective of price regulation and carbon neutrality," Applied Energy, Elsevier, vol. 328(C).
  13. Liu, Tingting & Xu, Jiuping, 2021. "Equilibrium strategy based policy shifts towards the integration of wind power in spot electricity markets: A perspective from China," Energy Policy, Elsevier, vol. 157(C).
  14. Li, Jianglong & Ho, Mun Sing & Xie, Chunping & Stern, Nicholas, 2022. "China's flexibility challenge in achieving carbon neutrality by 2060," Renewable and Sustainable Energy Reviews, Elsevier, vol. 158(C).
  15. 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.
  16. Guang, Fengtao & Wen, Le & Sharp, Basil, 2022. "Energy efficiency improvements and industry transition: An analysis of China's electricity consumption," Energy, Elsevier, vol. 244(PA).
  17. Kaiyan Wang & Xueyan Wang & Rong Jia & Jian Dang & Yan Liang & Haodong Du, 2022. "Research on Coupled Cooperative Operation of Medium- and Long-Term and Spot Electricity Transaction for Multi-Energy System: A Case Study in China," Sustainability, MDPI, vol. 14(17), pages 1-20, August.
  18. Nanyue Jiang & Chonghui Zhang & Weihua Su & Huanhuan Jin & Tomas Balezentis, 2024. "Towards carbon‐neutral society: Reconciling peak carbon strategy and thermal power generation via regional eco‐efficiency analysis," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(4), pages 2944-2961, August.
  19. Lihong Li & Ce Xiu & Bing Liu & Xingcheng Yu & Rui Zhu, 2025. "Vulnerability and Sustainable Development Strategy of the Power Industry Under Carbon Market Based on Social Network Analysis Perspective," Sustainability, MDPI, vol. 17(10), pages 1-22, May.
  20. Farhad Taghizadeh-Hesary & Ehsan Rasoulinezhad & Han Phoumin, 2022. "Ways to achieve universal access to sustainable electricity in Southeast Asia," Economic Change and Restructuring, Springer, vol. 55(4), pages 2031-2050, November.
  21. Wang, Guotao & Lin, Zhenjia & Chen, Yuntian & Qiu, Rui & Zhang, Haoran & Yan, Jinyue, 2025. "Carbon-billed future for virtual power plants: A comprehensive review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 217(C).
  22. Shen, Bo & Hove, Anders & Hu, Junfeng & Dupuy, Max & Bregnbæk, Lars & Zhang, Yuejun & Zhang, Ning, 2024. "Coping with power crises under decarbonization: The case of China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 193(C).
  23. Zhu, Yanlei & Song, Yan & Yuan, Jiahai, 2021. "Structural distortion and the shortage of peak-load power resources in China: A screening curve approach and case study of Shandong Province," Utilities Policy, Elsevier, vol. 70(C).
  24. Zihan Zhang & Enping Li & Guowei Zhang, 2023. "How Efficient China’s Tiered Pricing Is for Household Electricity: Evidence from Survey Data," Sustainability, MDPI, vol. 15(2), pages 1-17, January.
  25. Xu, Guangyue & Yang, Mengge & Li, Shuang & Jiang, Mingqi & Rehman, Hafizur, 2024. "Evaluating the effect of renewable energy investment on renewable energy development in China with panel threshold model," Energy Policy, Elsevier, vol. 187(C).
  26. Han, Jian & Tan, Qinliang & Ding, Yihong & Liu, Yuan, 2024. "Exploring the diffusion of low-carbon power generation and energy storage technologies under electricity market reform in China: An agent-based modeling framework for power sector," Energy, Elsevier, vol. 308(C).
  27. Cheng, Xiaobin & Liu, Pengfei & Zhu, Lei, 2024. "The impact of electricity market reform on renewable energy production," Energy Policy, Elsevier, vol. 194(C).
  28. Wang, Aijia & Mah, Daphne Ngar-yin, 2026. "A systematic review on varieties, effectiveness and determinants of consumer engagement in the context of electricity market reforms from a European-Asian comparative perspective," Renewable and Sustainable Energy Reviews, Elsevier, vol. 226(PD).
  29. Huang, Siwan & Shi, Jianheng & Wang, Baoyue & An, Na & Li, Li & Hou, Xuebing & Wang, Chunsen & Zhang, Xiandong & Wang, Kai & Li, Huilin & Zhang, Sui & Zhong, Ming, 2024. "A hybrid framework for day-ahead electricity spot-price forecasting: A case study in China," Applied Energy, Elsevier, vol. 373(C).
  30. Han, Jian & Zhou, Ying & Weng, Yuyan & Huang, Junling, 2026. "Research on the participation behavior of renewable energy in China's sustainable development price settlement mechanism: An agent-based simulation analysis," Energy Policy, Elsevier, vol. 210(C).
  31. Liu, Yang & Jiang, Zhigao & Guo, Bowei, 2022. "Assessing China’s provincial electricity spot market pilot operations: Lessons from Guangdong province," Energy Policy, Elsevier, vol. 164(C).
  32. Zhao, Jing & Zhang, Qin & Zhou, Dequn, 2023. "Can marketed on-grid price drive the realization of energy transition in China’s power industry under the background of carbon neutrality?," Energy, Elsevier, vol. 276(C).
  33. Zhang, Alex Hongliang & Sirin, Selahattin Murat & Fan, Conglai & Bu, Maoliang, 2022. "An analysis of the factors driving utility-scale solar PV investments in China: How effective was the feed-in tariff policy?," Energy Policy, Elsevier, vol. 167(C).
  34. Yao Li & Siyuan Ni & Xi Tang & Sizhe Xie & Peng Wang, 2024. "Analysis of EU’s Coupled Carbon and Electricity Market Development Based on Generative Pre-Trained Transformer Large Model and Implications in China," Sustainability, MDPI, vol. 16(23), pages 1-18, December.
  35. Zhao, Weigang & Wang, Xinye & Yan, Ying, 2025. "The substitution of fossil fuels for renewables in the electricity mix of China: From the perspectives of generation, capacity, and demand," Energy, Elsevier, vol. 315(C).
  36. Hongliang Tian & Liang Zhao & Sen Guo, 2023. "Comprehensive Benefit Evaluation of Power Grid Investment Considering Renewable Energy Development from the Perspective of Sustainability," Sustainability, MDPI, vol. 15(10), pages 1-17, May.
  37. Qingmin Kong & Peng Lin & Tingting Gu, 2024. "Impact of Servitization on Employee Satisfaction with Performance Evaluation Systems: A Case Study of China’s New Energy Sector Amid Power Market Reforms," Sustainability, MDPI, vol. 16(20), pages 1-18, October.
  38. Mirza, Zarka & Jain, Himanshu, 2026. "From challenges to solutions: Review and analysis of grid-supportive technologies in sustainable power systems," Applied Energy, Elsevier, vol. 403(PB).
  39. Chen, Hao & Cui, Jian & Song, Feng & Jiang, Zhigao, 2022. "Evaluating the impacts of reforming and integrating China's electricity sector," Energy Economics, Elsevier, vol. 108(C).
  40. Wang, Yongli & Zhou, Minhan & Zhang, Fuli & Zhang, Yuli & Ma, Yuze & Dong, Huanran & Zhang, Danyang & Liu, Lin, 2021. "Chinese grid investment based on transmission and distribution tariff policy: An optimal coordination between capacity and demand," Energy, Elsevier, vol. 219(C).
  41. Huang, Shangyuan & Zhou, Zhiyuan, 2025. "Marketization of the electricity industry and investment efficiency of electricity companies: Evidence based on the revision of the Electricity Law," Finance Research Letters, Elsevier, vol. 86(PE).
  42. Hao, Xinya & Huang, Yongying & Zhang, Lin, 2025. "High temperature, power rationing, and firm performance," Journal of Development Economics, Elsevier, vol. 176(C).
  43. Hui Wang & Congcong Wang & Wenhui Zhao, 2022. "Decision on Mixed Trading between Medium- and Long-Term Markets and Spot Markets for Electricity Sales Companies under New Electricity Reform Policies," Energies, MDPI, vol. 15(24), pages 1-23, December.
  44. Li, Mingquan & Gao, Huiwen & Abdulla, Ahmed & Shan, Rui & Gao, Shuo, 2022. "Combined effects of carbon pricing and power market reform on CO2 emissions reduction in China's electricity sector," Energy, Elsevier, vol. 257(C).
  45. Liu, Feng & Lv, Tao & Meng, Yuan & Li, Cong & Hou, Xiaoran & Xu, Jie & Deng, Xu, 2023. "Potential analysis of BESS and CCUS in the context of China's carbon trading scheme toward the low-carbon electricity system," Renewable Energy, Elsevier, vol. 210(C), pages 462-471.
  46. Hu, Fei & Zhao, Yong & Huang, Cheng & Cui, Shichang & Ding, Qiang & Li, Yuanzheng, 2024. "Market power detection and mitigation measures for the spot electricity market based on bidding equilibrium," Energy, Elsevier, vol. 305(C).
  47. Huang, Zhenyu & Liu, Youbo & Li, Kecun & Liu, Jichun & Gao, Hongjun & Qiu, Gao & Shen, Xiaodong & Liu, Junyong, 2023. "Evaluating long-term profile of demand response under different market designs: A comparison of scarcity pricing and capacity auction," Energy, Elsevier, vol. 282(C).
  48. Wang, Pengyu & Fang, Debin & Wang, Shuyi, 2022. "Optimal dynamic regulation in retail electricity market with consumer feedback and social learning," Energy Policy, Elsevier, vol. 168(C).
  49. Guo, Qing & Sun, Hongrui, 2025. "Spatial distribution of Chinese urban residents' electricity consumption and its driving factors—An empirical study based on the MGWR model," Energy, Elsevier, vol. 319(C).
  50. Xie, Li & Huang, Zhisheng, 2025. "Electricity price cross-subsidies and enterprises’ green total factor productivity: Empirical evidence from Chinese industrial listed enterprises," Journal of Asian Economics, Elsevier, vol. 96(C).
  51. Ding, Wenfu & Wang, Lingzhi & Tian, Gaoliang, 2026. "Electricity spot market reform and overcapacity in fossil-fired power firms: A quasi-natural experiment based on China power market," Energy Policy, Elsevier, vol. 209(PA).
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