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GROWTH, UPGRADING AND EXCESS COST IN CHINA’S ELECTRIC POWER SECTOR

Thomas Rawski

No HIAS-E-46, Discussion paper series from Hitotsubashi Institute for Advanced Study, Hitotsubashi University

Abstract: China’s electricity industry has recorded immense achievements in many areas: growth, technical upgrading and innovation, improved reliability, and universal service. This record of excellence coexists with massive inefficiency. Despite China’s multiple cost advantages, the unit cost of producing, transmitting and delivering electricity is at least 30 percent higher in China than in the United States. Latent potential for cost reduction clusters in coal-fired generation that supplies about two-thirds of total output. New reforms that deepen the influence of market forces will strengthen financial pressures and thus increase the likelihood of achieving potential cost reductions, perhaps increasing the output and share of coal-fired thermal plants.

Keywords: China; electricity; reform; upgrading; coverage; cost; inefficiency (search for similar items in EconPapers)
JEL-codes: L2 L6 O14 O25 O32 (search for similar items in EconPapers)
Date: 2017-07
New Economics Papers: this item is included in nep-ene and nep-tra
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