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China's power industry, 1980–1990: Price reform and its effect on energy efficiency

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  • Johnson, Todd M.

Abstract

We examine the economic reforms in China's electric power industry during the 1980s, describe China's pre-reform economy and show how investment and price reforms affected the power industry. Despite notable gains in economic and energy efficiencies following the introduction of market-oriented policies, some reform measures produced undesirable side-effects for the power industry. Using a simple economic model, it is possible to show that the multiple-price system adopted in the mid-1980s for paying power producers results in the underutilization of China's newest and most energy-efficient plants. We provide an estimate of the fuel losses which may have resulted from this pricing policy and suggest alternative pricing rules which will reduce efficiency losses in the power industry.

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  • Johnson, Todd M., 1992. "China's power industry, 1980–1990: Price reform and its effect on energy efficiency," Energy, Elsevier, vol. 17(11), pages 1085-1092.
    • Handle: RePEc:eee:energy:v:17:y:1992:i:11:p:1085-1092
    DOI: 10.1016/0360-5442(92)90025-U
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    Cited by:

    1. Kahrl, Fredrich & Williams, James H. & Hu, Junfeng, 2013. "The political economy of electricity dispatch reform in China," Energy Policy, Elsevier, vol. 53(C), pages 361-369.
    2. Zha, DongLan & Zhou, DeQun & Ding, Ning, 2012. "The determinants of aggregated electricity intensity in China," Applied Energy, Elsevier, vol. 97(C), pages 150-156.
    3. Mian Yang & Zheng Hu & Jiahai Yuan, 2016. "The recent history and successes of China's energy efficiency policy," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 5(6), pages 715-730, November.
    4. Kahrl, Fredrich & Williams, Jim & Jianhua, Ding & Junfeng, Hu, 2011. "Challenges to China's transition to a low carbon electricity system," Energy Policy, Elsevier, vol. 39(7), pages 4032-4041, July.
    5. Song, Yazhi & Liu, Tiansen & Ye, Bin & Li, Yin, 2020. "Linking carbon market and electricity market for promoting the grid parity of photovoltaic electricity in China," Energy, Elsevier, vol. 211(C).
    6. Lin, Boqiang & Liu, Jianghua, 2011. "Principles, effects and problems of differential power pricing policy for energy intensive industries in China," Energy, Elsevier, vol. 36(1), pages 111-118.
    7. Peng, Xu & Tao, Xiaoma, 2018. "Cooperative game of electricity retailers in China's spot electricity market," Energy, Elsevier, vol. 145(C), pages 152-170.
    8. Lin, Jiang & Kahrl, Fredrich & Yuan, Jiahai & Liu, Xu & Zhang, Weirong, 2019. "Challenges and strategies for electricity market transition in China," Energy Policy, Elsevier, vol. 133(C).

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