Market power and electricity market reform in Northeast China
The Northeast region of China has been used as a testing ground for creation of a functioning wholesale electric power market. We describe the ownership structure of the generation assets for those plants participating in the trial operation of the Northeast China Regional Electricity Market and als...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Working Paper |
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MIT Center for Energy and Environmental Policy Research
2009
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| Online Access: | http://hdl.handle.net/1721.1/45129 |
| _version_ | 1811080626044928000 |
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| author | Zhang, Xiaochun Parsons, John E. |
| author2 | Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. |
| author_facet | Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. Zhang, Xiaochun Parsons, John E. |
| author_sort | Zhang, Xiaochun |
| collection | MIT |
| description | The Northeast region of China has been used as a testing ground for creation of a functioning wholesale electric power market. We describe the ownership structure of the generation assets for those plants participating in the trial operation of the Northeast China Regional Electricity Market and also for the region as a whole and for each of the provinces making up the region. We calculate the 4-firm Concentration Ratio (CR4) and the Hirschman-Herfindahl Index (HHI). In general, we find that the current ownership structure is relatively concentrated. Arguably, this is a troublesome obstacle to instituting some form of competitive bidding in the wholesale power market, and this may be one factor in the poor outcome of the trial operation. |
| first_indexed | 2024-09-23T11:34:15Z |
| format | Working Paper |
| id | mit-1721.1/45129 |
| institution | Massachusetts Institute of Technology |
| last_indexed | 2024-09-23T11:34:15Z |
| publishDate | 2009 |
| publisher | MIT Center for Energy and Environmental Policy Research |
| record_format | dspace |
| spelling | mit-1721.1/451292019-04-10T14:52:30Z Market power and electricity market reform in Northeast China Zhang, Xiaochun Parsons, John E. Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. The Northeast region of China has been used as a testing ground for creation of a functioning wholesale electric power market. We describe the ownership structure of the generation assets for those plants participating in the trial operation of the Northeast China Regional Electricity Market and also for the region as a whole and for each of the provinces making up the region. We calculate the 4-firm Concentration Ratio (CR4) and the Hirschman-Herfindahl Index (HHI). In general, we find that the current ownership structure is relatively concentrated. Arguably, this is a troublesome obstacle to instituting some form of competitive bidding in the wholesale power market, and this may be one factor in the poor outcome of the trial operation. 2009-04-09T20:05:21Z 2009-04-09T20:05:21Z 2008 Working Paper 2008-001 http://hdl.handle.net/1721.1/45129 244567649 MIT-CEEPR (Series) ; 08-001WP. 16, [9] application/pdf MIT Center for Energy and Environmental Policy Research |
| spellingShingle | Zhang, Xiaochun Parsons, John E. Market power and electricity market reform in Northeast China |
| title | Market power and electricity market reform in Northeast China |
| title_full | Market power and electricity market reform in Northeast China |
| title_fullStr | Market power and electricity market reform in Northeast China |
| title_full_unstemmed | Market power and electricity market reform in Northeast China |
| title_short | Market power and electricity market reform in Northeast China |
| title_sort | market power and electricity market reform in northeast china |
| url | http://hdl.handle.net/1721.1/45129 |
| work_keys_str_mv | AT zhangxiaochun marketpowerandelectricitymarketreforminnortheastchina AT parsonsjohne marketpowerandelectricitymarketreforminnortheastchina |