Study On Market-oriented Reform Of Electricity Industry In China

Market-oriented reform of electricity industry has risen throughout the world since 1990. To break monopolization and construct an effectively competed electric power market has become main aim in many countries. In the course of the global reforms, the electricity industry has also gradually transformed from monopoly to competition in China. Nowadays new reform in electricity industry is being operating in China. The separation between generating firms and grid firms has finished, but the transaction rules of new market has not been taken in force. In this background, considering the characteristics of electricity industry and current conditions in China, it is an important work to seek a way about how to build a reform strategy and governance model of our country's electricity industry, which is developing in the direction of deregulation.This thesis elaborates on the market-oriented reform of electricity industry from both the aspects of theoretic and practice. At first, we set forth the academic foundation of the market-oriented reform of electricity industry. On the basis of analyzing the reformations in the United Kingdom and the United States, we come to the conclusion that the market-oriented reform of electricity industry is feasible in our country's reform, and meanwhile, some useful revelations to our country's reform have been set out during the analyses. Then, in this paper, I also illustrate the blue print of our country's electric industry reformation, which will be analyzed in the following from the four aspects: such as market structure, electric price mechanism, and transaction mechanism. At last, take new situations and new questions aroused during the reform process into account; we put forward some suggestions form three aspects.