Abstract
Abstract China adopts an incremental approach to unbundling power transmission and distribution, allowing non-state actors to fund and operate power distribution networks that are additional to existing grid-affiliated networks. However, this approach is faltering, which could compromise China’s ‘dual carbon’ agenda, considering how integral a competitive power distribution market is for accommodating the rising distributed renewables. This article analyses the market design flaws and market power abuses contributing to this approach’s faltering state. As the market design is being corrected through energy policymaking, this article discusses whether and how the market power abuses could be addressed through antitrust enforcement.
Published Version
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