Study On The Incentive Price Regulation Modle Of General Side Of Chinese Electricity Market Based On Yardstick Competetion Theory

This paper mainly does the research about the regulation mechanism of Chinese electricity market, and emphasizing to establish the regulation model of electricity price of generation side that using to Chinese electricity market's characteristics.Since 1980s, the electricity industry reform to the Market economy has been taken all of the world, including developed countries and developing countries. And our country's electricity industry reform to the Market economy is also gradually thorough. Regardless others or our country, one of important theories in the electricity market reforms is regulation mechanism. Our country's electricity industry is placed in government's perpendicular integral charging over a long period of time, taking charge of a mechanism in the electric power, exciting many problems in the regulation mechanism, especially in the price regulations, taking problems to the progress of our county's electricity markets reforms. So, it's a key effects problems. Exactly under this background, this paper takes researching of regulation mechanism Chinese electricity power markets, particularly in the researching of the price regulation of generated side The chapter 1 of this paper clarified the reasons of choosing and the background and what the research meaning. Then discussing domestic and international electricity markets regulations. This is a foundation work, only understanding the foundation that the people of the past study, the can carry on a further research in a result.Chapter 2 is the foundation work of this paper, over viewing of the theories related electricity regulation, emphasizing to monopoly theory, regulation economics, deregulation and intensive regulation theory. And look back the history of electricity markets reforms.The core contents of thesis are chapter 3 and chapter 4. Chapter 3 contrast the characteristics of foreign modern electricity price regulation of general side with ours, discussing and anglicizing of two most typical price regulation models in the world applying most extensively, then ratio of regulation model (ROR) and price upper limited(RPI-X) model, analyze their respectively advantage and shortage, and point out the electricity markets of our country's characters that different from the characteristics of developed counties. Based on Chapter 3, Chapter 4, passing to the re-divide cost, with the theory of yardstick competition, set up a new incentive price regulation model of generate electricity side, and using quantity-price curve, DEA .etc to give the solve way of the model's parameters, discussing the exertive process of this mechanism of the model function, and carried on fixed amount and qualitative analysis to the model.The chapter 5 is a substantial analyzes theoretically, through a calculate example to confirm the model can overcome information dissymmetry and have efficient incentive to investing and incentive efficiency improving, proved the model's function mechanism's usefulness. Finally, the paper gives researching conclusion and prospect, make a synopsis summary to the full article, and point out the shortage of this paper and the further research direction.