Effectiveness Analysis Of The Electric Market

As the typical representative of the monopoly market,the electric power market of most countries embodies electric power generation,electricity transmission,power distribution and sell into one body during the past a century, the country's power supply to all or the vast majority is monopolied by the State Ministry of Electric Power or the State Power Corporation of monopolistic operations. Since disadvantages of monopoly springs up,the market reform is beginning in several countries with the target to lead the competitive forces into the electric power market in the 80's of the last century.The target of the electric power marketplace reforms is to raise the running efficiency of marketplace, that is,to build the especially effective electric power marketplace. Draw lessons from the the classic theory of market efficiency in financial markets and the other markets,this paper proposed the concept of the the electricity market effectiveness ,and make a detailed description of its characteristics based on the analysis of the characteristics of electricity market.Then,integrated unit root test, data envelopment analysis and other methods to build the market effectiveness tested model, applied this model to the empirical test of the effectiveness of China's electric power market.