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2012 | OriginalPaper | Buchkapitel

6. Energy Reforms and Changing Prices

verfasst von : Hengyun Ma, Les Oxley

Erschienen in: China’s Energy Economy

Verlag: Springer Berlin Heidelberg

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Abstract

This chapter is organized as follows: The first section comprises a review of the regulatory system as a whole and for certain energy types to see (1) how China has been deregulating the energy sector in order to (2) measure how far this regulatory system is from a truly market economy. The second and third sections review, historically, the reforms to energy pricing over time and across types of energy followed by changes to energy prices over time and across regions. The fourth section reconciles energy reforms and price changes primarily to show readers how energy prices have been converging over time as regulatory and price reforms have been undertaken. It should be noted that the statistical and econometric analyses of price convergence and tests for the emergence of an energy market will be discussed in detail in Chap. 9.

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Vorheriges Kapitel Data Description

Nächstes Kapitel Factor Substitution and the Demand for Energy

For example, Wirtshafter and Shih (1990), Wu and Li (1995), Li and Dorian (1995), Smil (1998), Thomson (1996), CIAB (1999), Andrews-Speed and Dow (2000) and Blackman and Wu (1999).

State Power Grid includes five regional grids: Northwest Grid, North Grid, Northeast Grid, Central Grid, and East Grid and also referring to Fig. 3.5 of Chap. 3.

This price is a kind of variable price based on the current quantity consumed and used to encourage or restrain electricity consumption.

Since regulated prices cannot reflect real production cost, government allows market to lead energy price rising in order to better regulate energy prices. In other words, this is the way that was used to find real energy market prices.

In China, most of electricity is generated from coal.

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Titel: Energy Reforms and Changing Prices
verfasst von: Hengyun Ma
Les Oxley
Verlag: Springer Berlin Heidelberg
Buch: China’s Energy Economy
Print ISBN: 978-3-642-25886-2

Electronic ISBN: 978-3-642-25887-9

Copyright-Jahr: 2012
DOI: https://doi.org/10.1007/978-3-642-25887-9_6