ELECTRICITY RESTRUCTURING IN CHINA: HOW COMPETITIVE WILL GENERATION MARKETS BE?

Russell Pittman and Vanessa Yanhua Zhang ()
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Vanessa Yanhua Zhang: LECG, LLC, 33 W. Monroe Street, Suite 2300, Chicago, IL 60603, USA

The Singapore Economic Review (SER), 2010, vol. 55, issue 02, 377-400

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.

Keywords: Electricity restructuring; competition; China; L94; O13; P28; Q48 (search for similar items in EconPapers)
Date: 2010
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DOI: 10.1142/S021759081000378X

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