Electricity Restructuring in China: The Elusive Quest for Competition

Russell Pittman and Vanessa Zhang ()

No 200805, EAG Discussions Papers from Department of Justice, Antitrust Division

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 (search for similar items in EconPapers)
JEL-codes: L94 O13 P28 Q48 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2008-04
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:doj:eagpap:200805

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