The Enlightenment of Foreign Power Market Reform Experience to China's Power Market Construction

Author(s):  
Xiaoqiang Xue ◽  
Xuanyuan Wang ◽  
Dunnan Liu ◽  
Junhong Guo ◽  
Ling Li ◽  
...  
2019 ◽  
Vol 25 ◽  
pp. 03009
Author(s):  
Menghua Fan ◽  
Haoyuan Qu

In China, with the deepening of power reform and construction of the electricity spot market, urgent and realistic demands have been put forward for the construction of power financial trading market. In this paper, based on the background of power market construction and current power financial transaction practice, the significance of introducing power financial transaction is analysed and the path for construction of power financial transaction market in China is proposed.


Energy Policy ◽  
2020 ◽  
Vol 145 ◽  
pp. 111717 ◽  
Author(s):  
Hongye Guo ◽  
Michael R. Davidson ◽  
Qixin Chen ◽  
Da Zhang ◽  
Nan Jiang ◽  
...  
Keyword(s):  

Author(s):  
Ye Fan ◽  
Zhicheng Zhang ◽  
Xiaoli Zhao ◽  
Haitao Yin

China combines green energy and industrial policy in its power market reform with various policy initiatives, including price support scheme for electricity from renewable sources and subsidies in the push for broader use of greener energy. This study focuses on the impacts of power market reform on the stock price volatility of listed power companies: 1) we use the Iterative Cumulative Sums of Squares (ICSS) algorithm to identify structural break points in stock prices; 2) we analyze the characteristics of stock price volatility based on the GARCH model; 3) we report the impact of power regulation on stock price fluctuations based on the Autoregressive Distributed Lag (ARDL) model. The result suggests three structural breaks in China’s power stock price volatility were related to the promulgation of power market reform policies. We find that industrial policies promote the reduction of power stock price fluctuations and its impact on power stock price volatility is consistent in the long run. However, our study also indicates the recent policies related to renewable energy do not have a very significant impact on the power stock market.


Author(s):  
Liang Zhifei ◽  
Chen Wei ◽  
Zhang Zhixiang ◽  
Liu Dunnan ◽  
Fan Chenkai ◽  
...  

2018 ◽  
Vol 204 ◽  
pp. 409-424 ◽  
Author(s):  
Xu Ruhang ◽  
Song Zixin ◽  
Tang Qingfeng ◽  
Yu Zhuangzhuang

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