China's Regulation Of The Electrical System Studies,

The integration of worldwide economy and WTO rules require Chinese electrical utility should join in the worldwide marketization reform. The marketization innovation of Chinese electrical utility regulation is extremely urgent. The author holds that the key of the marketization innovation of electrical utility regulation is the definition of property right and regulation boundary, the legalization of regulation, and the full play of electrical commonalties' functions. Adopting legal economics researching method, the paper expounds in following respects.Part one analyses the theoretical basis of electrical utility regulation from the aspects of institution supply and demand. The institution supply of electrical utility regulation depends on the government's desire and ability. The characteristics of natural monopoly, public utility and externality provide the institution demand for electrical utility regulation. The aim of electrical utility regulation is to safeguard public interests by raising the efficiency of electrical property right. The efficiency of electrical property right must be guaranteed by efficient administrative, and only the legal system incorporate the institutions of property right and administrative power.Part two is on Chinese current system of electrical utility regulation. The current order of electrical utility regulation conflicts with the aim of that. That is, the disorder of the mechanism, bull regulation and the regulation organs as the spokesmen of the electrical utility. The electrical property right is not clear according to current law and it doesn't correspond to the marketization reform. The remedy for the electrical property right is deficient. Efficient property right needs defending and safeguarding. The unjust and inefficient remedysystem hinders the rise of the efficiency of electrical property right.Part three makes a study on the costs and gains of current system of electrical utility regulation. The costs of electrical utility regulation include legislation costs, administration costs, marginal costs, corruption cost and trade costs. The gains of electrical utility regulation include the raising of the efficiency of electrical property right through reasonable definition and distribution of rights and accordingly the reducing of trading costs. The current electrical utility regulation doesn't realize the desired benefits while brings about the defect of the efficiency of electrical property right, corruption of the regulation organ, damage of consumers' rights and descending of social welfare. So the innovation is urgent.Part four elaborates the mechanism of innovation in United Kingdom, United States, France and Japan and points out the choice of Chinese innovation of electrical utility regulation.Part five advances the aims of Chinese innovation of electrical utility regulation. The author holds that the key of electrical utility regulation is the definition of regulation boundary basing on clear and efficient property right system. The government should take the coordination and balance of electrical benefits and the reducing of the costs of electrical property rights trading as his duty, and legalize the electrical utility regulation. The commonalties, such as electrical association, electrical exchange should be established to exercise the regulation function partly. It can promote the progress of the democratization of electrical utility regulation, coordinate the relation between the government and the subjects of the electrical property right, and raise the efficiency of the electrical property right.