Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2019.110957 |
The impact of China's electricity price deregulation on coal and power industries: Two-stage game modeling | |
Liu, HuiHui1; Zhang, ZhongXiang2,3; Chen, Zhan-Ming4; Dou, DeSheng1 | |
2019-11-01 | |
发表期刊 | ENERGY POLICY |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2019 |
卷号 | 134 |
文章类型 | Article |
语种 | 英语 |
国家 | Peoples R China |
英文摘要 | The regulated price mechanism in China's power industry has attracted much criticism because of its incapability to optimize the allocation of resources. To build an "open, orderly, competitive and complete" power market system, the Chinese government launched an unprecedented marketization reform in 2015 to deregulate the electricity price. This paper examines the impact of electricity price deregulation at the industry level. We first construct two-stage dynamic game models to portrait the interaction between the coal and coal-fired power industries. Using the models, we compare analytically the equilibriums with and without electricity price regulation concerning electricity price, electricity generation, coal price and coal production. The theoretical analyses find three regulated electricity price intervals that differentiate the reform impacts. Afterward, we collect empirical data to estimate the model parameters. The influences on the two industries in terms of market outcome and industrial profitability are simulated. Our results suggest that the current regulated electricity price falls within the medium interval, which means deregulation will result in higher electricity price but lower coal price, less coal production and less electricity generation. The robustness analyses show that our results hold with respect to the electricity generation efficiency and price sensitivity of electricity demand. |
英文关键词 | China' s energy reform Electricity deregulation Coal industry Power industry |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000498307500009 |
WOS关键词 | RESOURCE TAX-REFORM ; MARKET REFORM ; PERSPECTIVE ; CAPACITY |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/224524 |
专题 | 环境与发展全球科技态势 |
作者单位 | 1.China Univ Petr, Sch Econ & Management, Beijing 102249, Peoples R China; 2.Tianjin Univ, Ma Yinchu Sch Econ, Tianjin 300072, Peoples R China; 3.Tianjin Univ, China Acad Energy Environm & Ind Econ, Tianjin 300072, Peoples R China; 4.Renmin Univ China, Sch Appl Econ, Beijing 100872, Peoples R China |
推荐引用方式 GB/T 7714 | Liu, HuiHui,Zhang, ZhongXiang,Chen, Zhan-Ming,et al. The impact of China's electricity price deregulation on coal and power industries: Two-stage game modeling[J]. ENERGY POLICY,2019,134. |
APA | Liu, HuiHui,Zhang, ZhongXiang,Chen, Zhan-Ming,&Dou, DeSheng.(2019).The impact of China's electricity price deregulation on coal and power industries: Two-stage game modeling.ENERGY POLICY,134. |
MLA | Liu, HuiHui,et al."The impact of China's electricity price deregulation on coal and power industries: Two-stage game modeling".ENERGY POLICY 134(2019). |
条目包含的文件 | 条目无相关文件。 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。
修改评论