China’s Electricity Market Reform in the Post-COVID Era

This chapter, “China’s Electricity Market Reform in the Post-COVID Era,” is devoted to China's most recent power system reformreform started in 2015. It has been running for five years until the COVID-19 spread in the beginning of 2020, pushing the pause button of globalglobal economy. The epidemic brought tremendous negative effects on socialsocial and economic developmentdevelopment of China, and people's normal lives suffered a traumatic shockshock, especially during the first half of year in 2020. Those impacts were continuously passed to electricityelectricity market. Demands of electricity experienced a big drop and hold back the electricity marketization reform. As a response to those difficulties occurred during the epidemic crisiscrisis, China’s electricity industry implemented multiple new policies and actively worked on supplysupply maintenance and priceprice reduction, which ensured the normal operationoperation of social life and productionproduction and provided strong supportsupport for safe resumption of work and production. At the same time, in 2020, as the last year of China’s 13th Five-Year Plan, Chinese governments also announced a series of policies to guide China’s power market reform and continuously support further development during the 14th five year plan.