Research on the Government Regulation Mode of Power Market in China under the Reform of Electric Power System

Abstract

After the establishment of the market system, the operation mode of electric power industry will change greatly. In order to let the market play a basic role in the allocation of resources, government supervision of power and the content should fully reflect the pattern of change. Therefore, the government must establish a new management system, including fair rule, transparent procedure, professional supervision, independent decision-making, strict enforcement of rules and so on, so as to ensure a fair competition environment in the electricity market. This paper makes a detailed study of the government regulation mode in China's electricity market under the reform of the electric power system.