Abstract

With the power system, deeply urgent need to establish an efficient regulatory system reform cost and risk control, improve the efficiency of the electric power industry. This article explores the mechanism design theory and its application in electricity regulation, in-depth, systematic study of the theory of electricity regulation and supervision of the main aspects of the method. With the reform of the electricity market Electricity Regulatory become the focus of attention of the industry and researchers, but electricity regulation differs from the electricity market regulation. Electricity regulation contains under the supervision of the conditions of competition in the electricity market operator, also it includes the regulation of monopoly sectors. In this paper, to explain the origin of electricity regulation, meaning and development of the electricity regulatory elements, regulatory principles, regulatory approaches, regulatory measures and other more comprehensive study.

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