Regulatory Reform Of The Chinese Power Industry Study

The electricity industry is one of the most important infrastructure industries to national economy. For quite a long time, the electricity industry was considered as a natural monopoly industry, and government in many countries had been executing strict regulation on it. However, after the 1980s, it is the progress in technology and economy as well as the failure of traditional regulation that lead the worldwide regulatory reform. Since China's Reform and Open, a series of reform measures have been carried out in the electricity industry, the regulated degree and the means for Chinese electricity industry were exploring. Especially after the split and regroup of electric asset in 2002, and the subsequent establishment of SERC(State Electricity Regulatory Commission), the generation segments have taken on a competitive picture called "separating electric power plant from electric power grid, netting by price-bidding". White in 2005, "Electricity Regulatory Rules" was promulgated; the new electric price mechanism was implemented; the functions between SERC and NDRC (National Development and Reform Commission) were cleared. All these indicated that the regulatory system in the field of electricity industry was in an improving stage. How to deepen the regulatory reform next, in order to build the electricity industry with higher efficiency and continuous development, becomes a critical issue in structural reform of the economy in China nowadays.This dissertation uses the economics of regulation theories, studies on the regulatory reform of the Chinese electricity industry, in order to search the economic theory reliance of the electricity industry reformation and development, and tries to be before the practice, conducts the practice. From the study method, uses the method of combining normative analysis and positive analysis as well as the quantitative analysis and the qualitative analysis. From the framework of the dissertation, it consists of four chapters:Chapter one is the summarization of the regulatory reform theories in electricity industry. Starting with the characteristics of electricity industry, it introduces the definition of regulation and the evolution of regulatory theories. The regulatory reform theories include the development of the New Natural Monopoly...