Research On Overseas Electricity Market Regulatory Environment And Investment Strategy

In recent years, China’s power enterprises vigorously implement the international strategy, actively participate in international standards development and make efforts to open up overseas markets. At present, At present, China’s power enterprises overseas assets are mainly concentrated in the power grid, electrical, electrical, etc., and these overseas assets made a good return on investment in the double-digit, which is in three to five times of the domestic return on investment. While the grid is often used as regulated assets in foreign, and its operations, revenues and earnings are profoundly influenced by local regulatory policies.Therefore, the study on regulatory mechanisms of different electricity markets overseas has immediate practical significance.Based on the systematic research on regulatory mechanisms of different overseas power investment market, this paper analyzes the underlying causes and characteristics the electricity market regulatory mechanism formed in the United Kingdom, Portugal, Australia, the Philippines, Brazil, the United States and New Zealand, and builds an evaluation system about overseas electricity regulatory environment, which has been used to evaluate the electricity regulatory environment on Philippines, Australia, Portugal, Brazil, New Zealand and the United Kingdom, This paper also systematically analyzed the effect of electricity market regulatory changes on the foreign investment projects on the grid, and accordingly proposed investment strategies for different situations. The results of this study can provides a theoretical methods and strategies for China’s power enterprises to make decision analysis on overseas investment, and provide a reference for the development of the overseas electricity market and the operational control of overseas power assets overseas. It also provides theoretical analysis method and overseas experience for the domestic to improve the electricity regulatory mechanism and transmission and distribution tariff reform program.The main findings are as follows:(1) Carding overseas electricity regulatory mechanism and summing up the commonness and individuality of electricity regulation in each country; (2) Using regulatory economics and investment in economic theory to analyze the mechanism of commonness and personality of electricity regulation mechanisms in each country; (3) Researching and analyzing the electricity regulatory rules of overseas electricity market and the developments of related policies; (4) Constructing the evaluation system about overseas electricity market regulatory environment and evaluating the electricity market regulatory environment of six typical nations; (5) Putting forward the economic evaluation theory and recommendations on Electricity grid investment project under the regulatory mechanisms and grid investment strategy for different overseas markets; (6) Making recommendations on improving electricity regulatory mechanisms and transmission and distribution tariff reform program on domestic.