Electricity Trading System Build

In conformity with the development of the market economy, China is promoting the electric power institutional reform. The core problem is how to construct the reasonable electric power trading system. As the state has not the actual trading system, the study on the suitable system is of significance and important theory value.The research tries a systematic analysis on the Chinese electric power trading system from connotation, driving force and mechanism design three aspects, and specified as the following:Firstly, the paper draws a summary of the Chinese electric power institutional reform situation, as a basis of later study. The paper gives scientific and normalized definitions on some subjects, key concepts, especially on the institutional reform, electric power trading system. The paper tries economics analysis on the connotation of the construction of the Chinese electric power trading system during the course of the Chinese electric power institutional reform. Secondly, after resolving the connotation of the Chinese electric power trading system construction, the paper analyzes the driving force of the Chinese electric power trading system construction from deregulation and electric power competition two aspects. At last, the paper has normative analysis on the system design of the Chinese electric power trading system during the course of the Chinese electric power institutional reform, proposing the principles and ideals of the electric power trading system according with our national condition by the tools similar to the Road Map method. Lastly, the paper describes further the key questions about the Chinese electric power trading system. These questions have a common characteristic, just be with certain research looking into the distance in the overall situation, strategy and certain ex-pose in mind.The whole article includes nine chapters and can be divided into three parts. The first part includes No.1, No.2 and No.3 chapters, which is mainly some preparative works for later research. The second part includes No.4, No.5, No.6, No7 and No.8 chapters, which are the analysis on the connotation, driving force and mechanism designed of the Chinese electric power trading institution. The third part, No. 9 chapter, is the summary, corresponding policy suggestions and outlook. The main innovations and conclusions includes connotation, driving force and mechanism design.Connotation of the construction of the electric power trading system:(1) Using the system economics analysis and combining the understanding of the Chinese electric power institutional reform and the electric power trading system, the paper proposes the four development elements in the Chinese electric power institutional reform: Society(S), Economy (E), Environment (H) and Politics (P), then points out "double-compatibility" in the Chinese electric power trading system on developing connotation and forms the cognition frame to the Chinese electric power trading system. The structural evolution mechanism of systematic correlation between the electric power trading system structures and the electric power institutional reform must be understood as a kind of the implantation overlapping, which is divided into the transition implantation and transplanting implantation. It reveals the connotation of the construction of the electric power trading system, and proves that the construction of the Chinese electric power trading system may form a new decision-making collection. The decision-making or some special deviancy may be unreasonable, if seeing alone, but the parameter changes or there is another complementary system, then the support between these two systems may give strong propulsion to the new decision.Driving force of the electric power trading system:(2) Introducing the theory of the reforming bonus into the driving force analysis, the paper proves that the driving force of the Chinese electric power institutional reform can be summared up as: the reform bonus acquired by every subject is the main force of the Chinese electric power institutional reform; the excitation made by every subject forms the motive force of the Chinese electric power institutional reform; the pressure from the opening-up china on the Chinese electric power institutional reform makes necessary; the legalization of reform becomes the inherent tension of the Chinese electric power institutional reform. The electric power trading system reform is understood that one kind of "common belief holds together system ", pointing out electric power trading system is not stationary and changeless. It will make new adoption and construction, with development of electric power industry, electric power marketplace and consumer's higher demand. The balance of the diversity electric power trading system provides the chance and opportunity studying mutually. Therefore, it ensures an ability to innovate on the construction of the electric power trading system.(3) Fully utilizing some analysis scopes, such as the value chain theory, the Niche Market theory and SCP method, the paper carries out the driving force analysis on the electric power trading system in industry level. These appear first in some early documents, improving the understanding of the industry characteristic and influence of the electric power trading system, and enriching theory depth and completeness. The paper uses the Panzar-Rosse model to analyze competition situation of the Chinese electric power industry. Although people have realized that the Chinese electric power industry market structure may be of the monopoly pattern, the Panzar-Rosse model is one kind of Non-parameter structure method, no needs to know every enterprise occupation ratio on the marketplace, which can appraise market structure and the degree of the competition.(4) As the real electric power price does not exist in China, it is difficult to discuss the driving force of the Chinese electric power institution reform from pricing efficiency. The tradition documents analysis is mostly normative. The innovation of the paper is in its abandonment of the concrete data originally, using the peak and off-peak pricing model, analyze the game equilibrium that the four kinds market competition structural model. The conclusion is: there will be no pricing efficiency raise and social welfare enhancement with only the power generation market open and selling market not open to the outside world. The bonus brought with the only opening generation market is so small, and this is in conformity with our nation situation. With the market competitions increasing, from monopoly competition to complete competition, the pricing efficiency will sustain its uphill tendency and social welfare will improve as well, if we open the selling market step by step. Thus it expounds the driving sources of electric power trading system.Mechanism of the electric power trading system:(5) The Chinese electric power trading system is a course advancing gradually, moving forward by stages. The stage scheme that the Chinese electric power trading system structure may be: the first step is to make effort to carry out the regional and national electric power market system, and the fully opening to the outside world all round, such as generating, transmitting and distributing trading patterns, and providing straightly electric power, allowing electric power replace. On the premise of the final supplying duty and the dispatching duty bearded by the State Power Corporation, we open the electric power business to the private-owned companies. On the basis of carrying out stage goals, the degree of market-orientation and free competition will be further promoted, finally perpendicularly divided the regional and national electric power market ultimately into four kinds electric power enterprises. It will adopt the similar electric power pool business pattern or two-way contract business pattern, and set up electric power exchange PX concentrating business and the OTC trading with electric power, set up autonomous dispatching system (ISO).(6) The reform of transmitting system (assume that the selling part is separated), it should continue the structural division on the basis of the functional division of transmitting network basically finished. It can demand the state grid company have its business structurally divided under the arrangement of the holding company, setting up the transmitting and distributing company respectively. The transmitting company is in charge of electric power dispatching and the network plan, running and maintenance. It is necessary to form fair dispatching mechanism, with other departments back to market competition.(7) Always in the past, little documents systematic set forth the electric power marketplace delimitation mechanism and theory problem that requires that the regional electric power marketplace is a multiple echelons electric power market system foundation. Making use of the Cournot two-stage game model, it analyzes the connotation of the different level electric power marketplace. This sets forth the delimitation mechanism of the electric power marketplace and the theory of the regional electric power marketplace as the foundation of the multiple echelons electric power market system.