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http://ssrn.com/abstract=1126357
 
 

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Electricity Restructuring in China: The Elusive Quest for Competition


Russell W. Pittman


U.S. Department of Justice - Economic Analysis Group; New Economic School (NES)

Vanessa Yanhua Zhang


Global Economics Group, LLC; Renmin University of China

April 2008


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.

Number of Pages in PDF File: 33

Keywords: electricity restructuring, competition, China

JEL Classification: L94, O13, P28, Q48

working papers series


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Date posted: April 29, 2008  

Suggested Citation

Pittman, Russell W. and Zhang, Vanessa Yanhua, Electricity Restructuring in China: The Elusive Quest for Competition (April 2008). Available at SSRN: http://ssrn.com/abstract=1126357 or http://dx.doi.org/10.2139/ssrn.1126357

Contact Information

Russell Pittman (Contact Author)
U.S. Department of Justice - Economic Analysis Group ( email )
450 5th St. NW
Antitrust Division
Washington, DC 20530
United States
202-307-6367 (Phone)
202-307-3372 (Fax)
New Economic School (NES) ( email )
47 Nakhimovsky Prospekt
Moscow, 117418
Russia
Vanessa Yanhua Zhang
Global Economics Group, LLC ( email )
1400 S. Dearborn, Suite 400
Chicago, IL 60603
United States
Renmin University of China ( email )
Room B906, Xianjin Building
Beijing, Beijing 100872
China
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