Fostering Competition in China's Power Markets

This report proposes a strategy for developing competitive pool markets in China's power sector and for increasing energy trade between competitive pool markets areas. A three-stage approach is offered for developing the competitive pool marke...

Full description

Bibliographic Details
Main Authors:	Berrah, Noureddine, Lamech, Ranjit, Zhao, Zhao
Format:	Publication
Language:	English en_US
Published:	Washington, DC: World Bank 2013
Subjects:	ACCESS TO ELECTRICITY ASSETS AVERAGE PRICES BIDDING BILATERAL TRADE BULK POWER COAL COLLUSION COMMERCIAL BANKS COMMON MARKET COMPETITIVE MARKETS COMPETITIVE POWER COMPETITIVE POWER MARKET CONSUMER PRICES CONSUMERS DEBT DEMAND ORIENTATION DEVELOPMENT STRATEGY ECONOMIC RESEARCH ECONOMIES OF SCALE ENERGY SECTOR ENERGY SHORTAGES ENERGY TARIFF EXPENDITURES GENERATOR GRID HUMAN DEVELOPMENT MACROECONOMIC REFORM MARKET ECONOMY MARKET ORIENTATION MARKET POWER MARKET TRADING MARKET TRANSITION NATIONAL RESOURCES NATURAL RESOURCES OIL POWER COMPANIES POWER COMPANY POWER INDUSTRY POWER MARKETS POWER SECTOR REFORM POWER SUPPLY POWER SYSTEM POWER SYSTEMS POWER UTILITIES PRICE INCREASES PRICE VOLATILITY PRICING POLICIES PRODUCERS PROFIT MARGINS QUOTAS RESOURCE ALLOCATION RESOURCE USE RETAIL RETAILING RISK MANAGEMENT SAFETY NETS SALES STATE POWER STATE POWER CORPORATION STRUCTURAL CHANGE SUPPLY COSTS SURPLUSES SUSTAINABLE DEVELOPMENT TELECOMMUNICATIONS TRADEOFFS TRANSITION ECONOMIES WAGES WHOLESALE PRICES WHOLESALERS MARKET COMPETITION COMPETITIVENESS ELECTRIFICATION TRANSMISSION LINES REGULATORY REFORM POOLING WHOLESALE MARKETING RETAIL MARKETING ELECTRICITY TRADE POWER GENERATION LEGAL REFORM ENERGY PRICING ENERGY SUPPLY PRIVATE OWNERSHIP MARKET COMPETITION
Online Access:	http://documents.worldbank.org/curated/en/2001/03/1121142/fostering-competition-chinas-power-markets http://hdl.handle.net/10986/13909

id	okr-10986-13909
recordtype	oai_dc
spelling	okr-10986-139092021-04-23T14:03:10Z Fostering Competition in China's Power Markets Berrah, Noureddine Lamech, Ranjit Zhao, Zhao ACCESS TO ELECTRICITY ASSETS AVERAGE PRICES BIDDING BILATERAL TRADE BULK POWER COAL COLLUSION COMMERCIAL BANKS COMMON MARKET COMPETITIVE MARKETS COMPETITIVE POWER COMPETITIVE POWER MARKET CONSUMER PRICES CONSUMERS DEBT DEMAND ORIENTATION DEVELOPMENT STRATEGY ECONOMIC RESEARCH ECONOMIES OF SCALE ENERGY SECTOR ENERGY SHORTAGES ENERGY TARIFF EXPENDITURES GENERATOR GRID HUMAN DEVELOPMENT MACROECONOMIC REFORM MARKET ECONOMY MARKET ORIENTATION MARKET POWER MARKET TRADING MARKET TRANSITION NATIONAL RESOURCES NATURAL RESOURCES OIL POWER COMPANIES POWER COMPANY POWER INDUSTRY POWER MARKETS POWER SECTOR REFORM POWER SUPPLY POWER SYSTEM POWER SYSTEMS POWER UTILITIES PRICE INCREASES PRICE VOLATILITY PRICING POLICIES PRODUCERS PROFIT MARGINS QUOTAS RESOURCE ALLOCATION RESOURCE USE RETAIL RETAILING RISK MANAGEMENT SAFETY NETS SALES STATE POWER STATE POWER CORPORATION STRUCTURAL CHANGE SUPPLY COSTS SURPLUSES SUSTAINABLE DEVELOPMENT TELECOMMUNICATIONS TRADEOFFS TRANSITION ECONOMIES WAGES WHOLESALE PRICES WHOLESALERS MARKET COMPETITION COMPETITIVENESS ELECTRIFICATION TRANSMISSION LINES MARKET TRANSITION REGULATORY REFORM POOLING WHOLESALE MARKETING RETAIL MARKETING ELECTRICITY TRADE POWER GENERATION LEGAL REFORM ENERGY PRICING ENERGY SUPPLY PRIVATE OWNERSHIP MARKET TRANSITION MARKET COMPETITION This report proposes a strategy for developing competitive pool markets in China's power sector and for increasing energy trade between competitive pool markets areas. A three-stage approach is offered for developing the competitive pool markets. During stage 1, a mandatory competitive pool will be created with a single buyer. During stage 2, wholesale competition will be permitted. During stage 3, retail competition will be allowed, making the market fully competitive. The staged approach allows competitive market principles to be introduced immediately within existing institutions. This will allow needed skills and parallel economic reforms to be developed gradually and so facilitate increased competition in the later stages. The report also discusses key elemetns of competitive market development, including the organization of transmission services and transition issues such as dealing with stranded costs and mitigating market power among generators. 2013-06-13T17:00:39Z 2013-06-13T17:00:39Z 2001-03 http://documents.worldbank.org/curated/en/2001/03/1121142/fostering-competition-chinas-power-markets 0-8213-4743-8 http://hdl.handle.net/10986/13909 English en_US World Bank Discussion Paper;No. 416 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication East Asia and Pacific China
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCESS TO ELECTRICITY ASSETS AVERAGE PRICES BIDDING BILATERAL TRADE BULK POWER COAL COLLUSION COMMERCIAL BANKS COMMON MARKET COMPETITIVE MARKETS COMPETITIVE POWER COMPETITIVE POWER MARKET CONSUMER PRICES CONSUMERS DEBT DEMAND ORIENTATION DEVELOPMENT STRATEGY ECONOMIC RESEARCH ECONOMIES OF SCALE ENERGY SECTOR ENERGY SHORTAGES ENERGY TARIFF EXPENDITURES GENERATOR GRID HUMAN DEVELOPMENT MACROECONOMIC REFORM MARKET ECONOMY MARKET ORIENTATION MARKET POWER MARKET TRADING MARKET TRANSITION NATIONAL RESOURCES NATURAL RESOURCES OIL POWER COMPANIES POWER COMPANY POWER INDUSTRY POWER MARKETS POWER SECTOR REFORM POWER SUPPLY POWER SYSTEM POWER SYSTEMS POWER UTILITIES PRICE INCREASES PRICE VOLATILITY PRICING POLICIES PRODUCERS PROFIT MARGINS QUOTAS RESOURCE ALLOCATION RESOURCE USE RETAIL RETAILING RISK MANAGEMENT SAFETY NETS SALES STATE POWER STATE POWER CORPORATION STRUCTURAL CHANGE SUPPLY COSTS SURPLUSES SUSTAINABLE DEVELOPMENT TELECOMMUNICATIONS TRADEOFFS TRANSITION ECONOMIES WAGES WHOLESALE PRICES WHOLESALERS MARKET COMPETITION COMPETITIVENESS ELECTRIFICATION TRANSMISSION LINES MARKET TRANSITION REGULATORY REFORM POOLING WHOLESALE MARKETING RETAIL MARKETING ELECTRICITY TRADE POWER GENERATION LEGAL REFORM ENERGY PRICING ENERGY SUPPLY PRIVATE OWNERSHIP MARKET TRANSITION MARKET COMPETITION
spellingShingle	ACCESS TO ELECTRICITY ASSETS AVERAGE PRICES BIDDING BILATERAL TRADE BULK POWER COAL COLLUSION COMMERCIAL BANKS COMMON MARKET COMPETITIVE MARKETS COMPETITIVE POWER COMPETITIVE POWER MARKET CONSUMER PRICES CONSUMERS DEBT DEMAND ORIENTATION DEVELOPMENT STRATEGY ECONOMIC RESEARCH ECONOMIES OF SCALE ENERGY SECTOR ENERGY SHORTAGES ENERGY TARIFF EXPENDITURES GENERATOR GRID HUMAN DEVELOPMENT MACROECONOMIC REFORM MARKET ECONOMY MARKET ORIENTATION MARKET POWER MARKET TRADING MARKET TRANSITION NATIONAL RESOURCES NATURAL RESOURCES OIL POWER COMPANIES POWER COMPANY POWER INDUSTRY POWER MARKETS POWER SECTOR REFORM POWER SUPPLY POWER SYSTEM POWER SYSTEMS POWER UTILITIES PRICE INCREASES PRICE VOLATILITY PRICING POLICIES PRODUCERS PROFIT MARGINS QUOTAS RESOURCE ALLOCATION RESOURCE USE RETAIL RETAILING RISK MANAGEMENT SAFETY NETS SALES STATE POWER STATE POWER CORPORATION STRUCTURAL CHANGE SUPPLY COSTS SURPLUSES SUSTAINABLE DEVELOPMENT TELECOMMUNICATIONS TRADEOFFS TRANSITION ECONOMIES WAGES WHOLESALE PRICES WHOLESALERS MARKET COMPETITION COMPETITIVENESS ELECTRIFICATION TRANSMISSION LINES MARKET TRANSITION REGULATORY REFORM POOLING WHOLESALE MARKETING RETAIL MARKETING ELECTRICITY TRADE POWER GENERATION LEGAL REFORM ENERGY PRICING ENERGY SUPPLY PRIVATE OWNERSHIP MARKET TRANSITION MARKET COMPETITION Berrah, Noureddine Lamech, Ranjit Zhao, Zhao Fostering Competition in China's Power Markets
geographic_facet	East Asia and Pacific China
relation	World Bank Discussion Paper;No. 416
description	This report proposes a strategy for developing competitive pool markets in China's power sector and for increasing energy trade between competitive pool markets areas. A three-stage approach is offered for developing the competitive pool markets. During stage 1, a mandatory competitive pool will be created with a single buyer. During stage 2, wholesale competition will be permitted. During stage 3, retail competition will be allowed, making the market fully competitive. The staged approach allows competitive market principles to be introduced immediately within existing institutions. This will allow needed skills and parallel economic reforms to be developed gradually and so facilitate increased competition in the later stages. The report also discusses key elemetns of competitive market development, including the organization of transmission services and transition issues such as dealing with stranded costs and mitigating market power among generators.
format	Publications & Research :: Publication
author	Berrah, Noureddine Lamech, Ranjit Zhao, Zhao
author_facet	Berrah, Noureddine Lamech, Ranjit Zhao, Zhao
author_sort	Berrah, Noureddine
title	Fostering Competition in China's Power Markets
title_short	Fostering Competition in China's Power Markets
title_full	Fostering Competition in China's Power Markets
title_fullStr	Fostering Competition in China's Power Markets
title_full_unstemmed	Fostering Competition in China's Power Markets
title_sort	fostering competition in china's power markets
publisher	Washington, DC: World Bank
publishDate	2013
url	http://documents.worldbank.org/curated/en/2001/03/1121142/fostering-competition-chinas-power-markets http://hdl.handle.net/10986/13909
_version_	1764424797657235456

Fostering Competition in China's Power Markets

Similar Items