Research On The Regulation Theory And Its Application In Generation Market

With the deepened reform of the electricity industry,the apartment of generation and power grid has become the highlight of the reform,which aims to smash up the monopoly, relax regulation,introduce competitive mechanism,and raise efficiency and lower electricity price.Relax regulation does not mean non-regulation,effective regulation will play the important role of market function.However,there are many phenomenon of"market failure"in reform.How to avoid the market failure and how to lead the market members to effective competition have become the focus which the government regulatory organization pays close attention to.The regulatory organization needs to make sure the objective,subject and method, to certain which policy is reliable,to evaluate the effect and improve them.Through analyzing the characteristics of natural monopoly and electricity technology economy,this article emphasizes the necessity of government regulatory.From the viewpoint of effective competition,this article analyzes the objective,subject and method of government regulatory in the generation sector.According to the regulatory objective of power generation market,the article respectively analyzes the roles which the government plays on the construction of market condition,the regulation of market order and market power,and the improving management efficiency of generation companies and so on.Based on these,the improved and optimized methods and models are brought up.First,the article analyzes the roles which regulatory organization plays on the aspects of market structure,generation investment,coordination development between power network and power plants etc.The principles for judgment of generation market structure are put forward from the terms of effective competition.Considering the constraint of cross-section,the article assesses the market condition reliability based on extension and fuzzy theory.The result has not only reflected the effect of the government regulatory but also offered effective reference for the regulatory organization.Second, this article analyzes the harmful bidding behaviors like holding,speculation and collusion,etc,and their causing reasons and danger.On the base of this,it summarizes the main regulatory measures.Due to the limit of asymmetric information,technology factor and regulatory cost and so on,the return of generation companies in bidding will be indefinite.Based on this,the article confers the game equilibrium from the perspective of indefinite return of bidding behavior regulation and promotes the improving model and method of regulatory mechanism.Third,the article further researches the discrimination of market power and analyzes their dynamic change and tendency based on the dynamic assessment method of set pair analysis and Markov chain model.At last,it studies the price regulatory design in China from the viewpoint of promotion management efficiency.Due to the environment factor and generation steadily influencing the management efficiency,they should be taken into account in the designing of Yardstick Competition regulation.Based on the Data Envelopment Analysis and hierarchy process analysis,the efficiency factor of price regulation can be adjusted with the importance of government regulatory.Without the government regulatory,power market reform can not smoothly develop. The regulatory method and efficiency needs to be improved while it is relaxed.This article has the significance in theory and practice to study effective regulatory of generation market.