Study On Deregulation Of Power Generation Industry

At present, the power industry has been caused by government regulation contradictions continue to highlight the government regulation reform forward towards the deep end.However, the power industry reform is a government regulation covers a wide range of content, procedures complicated systematic project, the reform process was extremely difficult, the mixed results of reform.In this context, this paper government deregulation as a starting point, trying to prove, government deregulation process of power generation industry market vitality, optimizing industrial structure, improve the output performance of the process.This paper reviews the government the power industry deregulation reform process on the basis of public administration from the perspective of property rights regulation theory, from the government of the power generation industry deregulation reason, process and performance of the three levels, to build a "transaction costs- deregulation- system performance, " the analytical model, the theoretical model described power industry deregulation can effectively reduce the transaction costs, thereby increasing the power generation industry deregulation of institutional performance.Around this theoretical model to Guangdong Power Group as a case study the empirical analysis, in order to exhibit the government deregulation of Government Regulation Failure to correct the process, and then put forward some suggestions to improve government deregulation of the power generation industry, as China’s power sector reforms provide substantial theoretical basis.The basic conclusions are as follows:First,China’s power industry to relax controls on the reformed four stages, each stage of deregulation, are walking hiding Shan, gains and losses, the results achieved are not unanimous. The current reform has entered a new period of reform during this period must be further relaxation of regulatory power industry to build sufficient power generation market competition.Second, saving transaction costs the government relaxed controls the power generation industry initial motivation.Government regulation led to public sector power generation industry severely rent dissipation, increased endogenous transaction costs. Government deregulation is a process endogenous transaction costs thus decreasing system performance incremental process.Power industry deregulation, cost savings on the one hand the government regulation, on the other hand, allow power companies to be more flexible and diverse way to achieve growth.Guangdong Power Group is further evidence of the reform process, power generation industry regulation continue to relax is a control system performance and reduce costs continue increasing dynamic process.Third, foreign government deregulation of the power generation industry experience shows that: To reform law make guarantees, deregulation does not mean hands-off, designed to give overall consideration to the reform program, reform of regulation and competition to grasp the scale of the price mechanism reform as a priority should establish open and competitive electricity market.Fourth, to further improve China’s power generation industry deregulation, not only in order to complete legal system for protection, we should also receive professional guidance to industry regulators; not only to accurately grasp the Regulation and deregulation of the "degree", but also to establish an independent scheduling mechanism to ensure fair and equitable power dispatch, and also by adopting incentive regulation of environmental protection, promote the upgrading and restructuring of power generation industry.