Study Of The Power Industry Incentives

This thesis is under condition that the electricity industry reform has occured all over our country. The electricity industry is traditional monopoly industry and also focal industry in "tenth five year" and "eleventh five year" scheme. Our country has performed "the electricity system reform scheme" from 2002 year. The electricity system reform scheme' s goal is : breaking monopoly, inducing competition, enhancing efficiency, reducing cost, healthy tariff mechanism, optimal resource adjustment, promotion of the electricity development, network in the whole country. From the point of view of production flow, the electricity industry includes three patches: generating, transmitting and switching, selling. At present, the electricity system reform has achieved good result. Our country has finished the structural split of the electricity industry. Generating patch has already import competition,and shortage of the electricity has appeased. At the same time, transmitting and switching, selling patches are in natural monopoly and the government has gone on a tight regulatory management on the two patches.But, from the point of view of present instance, the electricity system reform has not succeeded, and moved slowly, and every patch has many difficulties. Generating patch: fixed assets investment scale out of control, the power network ariff mechanism has many shortcoming. Transmitting and switching patch: motivation mechanism has not worked, the reliability and security of the network has been largely behind the world level, short of investment. Selling patch: the sale price mechanism can not satisfy motivation mechanism needs. One of the important reason is immoderate incentive mechanism design. This thesis analyzes the electricity industry reform mode by new regulatory economics. The electricity industry has three...