Energy Price Reform in China

ZhongXiang Zhang

No 2018.18, Working Papers from Fondazione Eni Enrico Mattei

Abstract: The Chinese leadership has determined to assign the market a decisive role in allocating resources. To have the market to play that role, getting the energy prices right is crucial because this sends clear signals to both producers and consumers of energy. While the overall trend of China’s energy pricing reform since 1984 has been moving away from the prices set by the central government in the centrally planned economy and towards a more market-oriented pricing mechanism, the pace and scale of the reform differ across energy types. This article discusses the evolution of price reforms for coal, petroleum products, natural gas, electricity and renewable power in China, and provides some analysis of these energy price reforms, in order to have the market to play a decisive role in allocating resources and help China’s transition to a low-carbon economy.

Keywords: Energy Prices; Tiered Prices; Differentiated Tariffs; Coal; Electricity; Natural Gas; Petroleum Products; Renewable Power; Desulfurization and Denitrification; State-owned Enterprises; China (search for similar items in EconPapers)
JEL-codes: H23 H71 O13 O53 P22 Q41 Q43 Q48 Q53 Q58 (search for similar items in EconPapers)
Date: 2018-05
New Economics Papers: this item is included in nep-cna, nep-ene, nep-reg and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Working Paper: Energy Price Reform in China (2018)
Working Paper: Energy price reform in China (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:fem:femwpa:2018.18

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