Transforming China's electricity sector: Politics of institutional change and regulation


Type
Article
Change log
Authors
Purra, Mika M 
Abstract

The political failure of China's first independent regulator in a strategic industry - the State Electricity Regulatory Commission (SERC), 2002-2013 - provides a natural experiment to uncover fundamental challenges to a gradualist approach to electricity market formation. Taking a political institutional approach, we show that while it was largely predictable that the breakup of the monopolistic power industry in 2002 created bureaucratic and corporate interests that would undercut the institutional role of SERC, subsequent difficulties in reforming electricity pricing, dispatch system, and integrating renewable energy sources strongly suggests that a central regulatory body would be necessary to lead a decisive transition to a market-based electricity market.

Description
Keywords
electricity market, renewable energy, independent regulator, price reform, dispatch system, China
Journal Title
Energy Policy
Conference Name
Journal ISSN
0301-4215
Volume Title
124
Publisher
Elsevier BV