Reforming China's electricity industry: national aspiration, bureaucratic empires, local interests

Xu Yi-chong

Chapter 21 in Handbook on Electricity Markets, 2021, pp 568-594 from Edward Elgar Publishing

Abstract: There are several noticeableparadoxes inChina'spower industry. It has achievedunprecedented progress in providing universal and reliable accessto electricity, including the mostremote and harshestareas, whileitis among the least efficient in the world; it has the world's largest renewable capacities and the largest thermal fleet too;it has developedworld-class technologyin nuclear power,in supercritical thermal power plants,andultra-high transmission grids while it is among the most wasteful sectors. Itwas one of the first tounbundle and to introduce competitioninthe worldwhile the industry remains by and large state-owned and monopolized. In the past several years, while theCommunistParty has strengthened its control over the appointments of managers, it stillhas todemonstrate its capacity to adopt coherent policies and implement them accordingly. The key behind of all is politics, that is the focus of this chapter.

Keywords: Economics and Finance; Environment; Law - Academic (search for similar items in EconPapers)
Date: 2021
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