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© 2020

Reforming the Chinese Electricity Supply Sector

Lessons from Global Experience

Benefits

  • Written by one of the world’s leading experts on power market reform based on 29 years’ experience of working on electricity market liberalisation around the world

  • Draws on the latest information and understanding of the ongoing power sector reforms in China

  • Considers the effects of the reform on the operational and investment decisions of firms in the sector

Book
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Table of contents

About this book

Introduction

The Chinese electricity sector is the largest in the world, covering well over 20% of the world's electricity supply. While many other countries liberalized their electricity systems in the 1990s, thereby creating competitive wholesale and retail electricity markets, China’s move towards liberalization has advanced at a slower pace – until now. 


Following the China State Council's publication of the No. 9 document on 'Deepening Reform of the Power Sector', this book reflects on the ambitious new round of reforms aimed at introducing competitive wholesale electricity markets and incentive regulation for its power grids. Written in collaboration with Hao Chen, Lewis Dale and Chung-Han Yang, this book provides lessons for China’s reforms from international experience, combining a detailed review of reforms from around the world with specific application to China and focuses on how the industrial price of electricity is determined in a liberalized power system.


Keywords

China Power market Electricity liberalisation No.9 Document Power sector reform electricity reform

Authors and affiliations

  1. 1.Judge Business SchoolUniversity of CambridgeCambridgeUK

About the authors

Michael G. Pollitt is Professor of Business Economics at the Judge Business School, University of Cambridge, UK. He is Assistant Director of the Energy Policy Research Group (EPRG), joint Academic Director of the Centre on Regulation in Europe (CERRE), and sits on the council of the International Association for Energy Economics (IAEE). He is one of Europe’s leading energy economists and has published extensively on the impacts of electricity reforms across the world.

Bibliographic information

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Finance, Business & Banking