Electricity Market Reforms and Sustainable Development in China

Abstract

Since the 1980s, China's power industry has undergone a series of reforms, as the goal of improving efficiency. By reforms, the central planning system was broken up and the market-oriented modern enterprise system is being established. This paper reviews the three main stages of the reforms of China's power and introduces related reform measures. The reforms include the separation of government and power enterprises, the division between power generation firms and power grids, electricity regulatory and other aspects. Electricity is the most important energy in modern society, while production of electricity with renewable energy can reduce pollution. As a focus of both domestic and international concerns with greenhouse gas emissions, utilization of renewable energy is one of the important ways for China to realize sustainable development.