Research On Reform And Supervisory Of The Electric Power Industry Marketization In China

The original definition of market is the place of commodity transactions. With the development of Commodity Economy, the connotation and extension of market has been continuously extended and has gradually become a significant way of resource allocation. Marketization is a kind of reform on economic system; it is to establish a market adjustment mechanism to realize optimal allocation of resources. Along with the establishment and perfection of Socialism Market Economy System, the role of the planning tool in the economic and social life of China has been diluted gradually. Therefore, from the perspective of industry and enterprises, Marketization is generally a problem of how to break the monopoly and bring in the competition.Electric Power Industry had been regarded as an industry of natural monopoly before, due to its own economic characteristics. Hence, countries all over the world implemented a kind of vertical integrated monopoly system to manage the operation. However, following the development of Market System and the advance of economy and science technology, people have changed their consideration on it:The links of transmission and distribution have the nature of natural monopoly, while the links of power generation and sales do not have this monopoly nature, in which we could bring in competition. In this connection, many countries began to perform Marketization Reform on their Electric Power Industries. Different countries adopted various operation models and supervision mechanism based on their own national conditions.Since 2002, China has implemented a new round of reform on Electric Power Mechanism with the direction of promoting Marketization. It will help us get an objective understanding on the reform effect to comprehensively summarize, analyze and appraise the Marketization Reform on Electric Power Industry and to compare the reform practice of China with that of other countries such as UK, US and Japan, etc.. Based on the above analysis, we could conclude some basis to proceed to further reform.This thesis consists of 5 parts:The first part presents the theory condition of Marketization; the second part analyzes the theory basis of the Marketization Reform on Electric Power Industry; the third part is an overview of the Marketization Reform on Electric Power Industry in China; the fourth part states the practice and experience of overseas Electric Power Industry Marketization Reform; and the fifth part comes up with some suggestions on the Electric Power Industry Marketization Reform in China. The thesis tries to draw a general conclusion on the Electric Power Industry Marketization Reform in China based on theoretical and practical analysis. Based on the unique condition of China's economic development and Electric Power Industry practice, it proposes some suggestions on how to promote the scientific development of the Marketization of Electric Power Industry in China.