Study On The Regulation Of Grid Corporations

This paper mainly discusses the application of related theories in natural monopoly and regulation economics to the regulation of China grid corporations, and combines fulfillment in China, put forward hybrid performed-based regulation model.The traditional electric power industry is monopoly industry which generation, transmission, distribution and retail are operated in vertical integration, being subjected to strict control from government or the organization appointed by government. With the development of science and technique and the network economic theories, the non-network of the electric power industry business doesn't have natural monopoly characteristic in fact. However, because of the reason of the economy, technique and geography, the grid corporations which in charge of transmission and distribution still have natural monopoly characteristic and it must be operated in monopoly. Based on these reasons, the regulation to grid corporation is very necessary. The purpose of regulation is providing the grid corporations of right signal, guiding them optimize the allocation of resources, improvement management and exaltation efficiency, under the premise that they don't loss in business and have reasonable profits, make the social welfare maximize possibly.Chapter 2 point to natural monopoly, and summarize the theories of regulation economics; Chapter 3 is from the reasons of regulation and relax regulation to power industry, looked back the course of China regulation reform in power industry; Chapter 4 first introduces several regulation model of grid corporations, then put forward hybrid performed-based regulation model, and gives concrete implement step of this model; Chapter 5 introduces the theories of data envelopment analysis,and based on Chongqing grid corporations, adoption DEA method, studies the process of efficiency evaluation; Chapter 6 is the summary of the full paper.