Market power and electricity market reform in Northeast China
Name
2008-001.pdf
Size
425.52 KB
Format
Adobe PDF
Checksum (MD5)
bbaafa0269a9fda7722a3fc65cf09516
Author(s)
Zhang, Xiaochun
Parsons, John E.
Date Issued
2008
Publisher
MIT Center for Energy and Environmental Policy Research
Series/Report no.
MIT-CEEPR (Series) ; 08-001WP.
Abstract
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.
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