An Empirical Analysis Of The Impact Of Chinese Electric Power Market Reform On The Performance Of Electric Power Enterprises

In our country,since the reformation of electric power system was carried out in the 1990s,the electric power industry has developed fast,which has played an important role in the growth of the national economy.The aims of the reformation of electric power system are to increase productivity of the electric power industry and to achieve optimized resource allocation by introducing competition.The announcement of No.5 document in 2002 opened the marketization reform of generation side,the separation of plant and network and the bidding for electric network changed the primary market structure of the electricity industry.When the No.9 document in 2015 was announced,new round of power reform appeared,the reform of electric selling market became a bright light.The electric power industry in our country turned into a type of wholesale and retail that was caught in the middle,open at both ends.At present,our country is in the transformation of economic structure,industrial structure upgrade period,the state-owned enterprise reform is speeding up,as an important part of the industrial upgrading,the reformation of electric power is playing an important role in not only the sustainable and healthy development of the electric power industry,but also the structural transformation of the economy.After the reformation of the of electric power system was put into effect,only by paying attention to the development of the power network,through the study of the performance evaluation of two competitive market,knowing the market competition and operation in a timely manner,we can effectively improve the market structure,which can guarantee the electric power marketing process smoothly.In this paper,with the aid of R-SCP theory,the current electricity market and sell electricity market are analyzed respectively from the government regulation,market structure,market conduct and market performance,etc.,.As a result of the existence of administrative monopoly,the power generation side has not achieved full market in our country.So when we push forward the reform of electricity sales,It's necessary to push forward power generation side market with the synchronization.R-SCP analysis results show that reform of electric power has improved the make and sell electricity power market in China.However,the efficiency of resource allocation is still low,which Is the key to the efficiency caused by administrative monopoly.Secondly,this paper further validates the actual effect of power reform.Based on the time-effect model of 12 listed power companies,the regression model also shows that the advancement of power reform will help improve the performance of power generation market in China.Finally,the author will further promote the reform of electric power,put forward in accordance with the actual current electric power industry development policy recommendations.