{"title":"2015年以来中国电力行业改革的绩效与挑战","authors":"Yanbo Feng , Jiang Lin , Feng Song , Mun Sing Ho","doi":"10.1016/j.isci.2025.113461","DOIUrl":null,"url":null,"abstract":"<div><div>China has launched a comprehensive market-oriented reform of the power sector since 2015 to foster competition and enhance efficiency. This article summarizes the progress, achievements, and challenges of these reforms. Progress has been made in enhancing competition in wholesale and retail markets, strengthening regulation over grid costs and services, expanding inter-regional transmission, and promoting renewable electricity. Reform efforts have yielded several notable achievements: significantly improving generation efficiency, particularly among smaller-capacity units in the short term; substantially reducing industrial and commercial electricity prices, though primarily due to government intervention rather than market competition; effectively capturing market dynamics through spot market, although their limited scale has constrained broader impacts; and improving efficiency and welfare through market integration but raising concerns about equity. In the transition to a low-carbon energy future, two pivotal challenges remain: striking a balance between market mechanisms and government intervention; and ensuring system flexibility and long-term resource adequacy.</div></div>","PeriodicalId":342,"journal":{"name":"iScience","volume":"28 10","pages":"Article 113461"},"PeriodicalIF":4.1000,"publicationDate":"2025-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Performance and challenges of power sector reform in China since 2015\",\"authors\":\"Yanbo Feng , Jiang Lin , Feng Song , Mun Sing Ho\",\"doi\":\"10.1016/j.isci.2025.113461\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>China has launched a comprehensive market-oriented reform of the power sector since 2015 to foster competition and enhance efficiency. This article summarizes the progress, achievements, and challenges of these reforms. Progress has been made in enhancing competition in wholesale and retail markets, strengthening regulation over grid costs and services, expanding inter-regional transmission, and promoting renewable electricity. Reform efforts have yielded several notable achievements: significantly improving generation efficiency, particularly among smaller-capacity units in the short term; substantially reducing industrial and commercial electricity prices, though primarily due to government intervention rather than market competition; effectively capturing market dynamics through spot market, although their limited scale has constrained broader impacts; and improving efficiency and welfare through market integration but raising concerns about equity. In the transition to a low-carbon energy future, two pivotal challenges remain: striking a balance between market mechanisms and government intervention; and ensuring system flexibility and long-term resource adequacy.</div></div>\",\"PeriodicalId\":342,\"journal\":{\"name\":\"iScience\",\"volume\":\"28 10\",\"pages\":\"Article 113461\"},\"PeriodicalIF\":4.1000,\"publicationDate\":\"2025-08-28\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"iScience\",\"FirstCategoryId\":\"103\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S2589004225017225\",\"RegionNum\":2,\"RegionCategory\":\"综合性期刊\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"MULTIDISCIPLINARY SCIENCES\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"iScience","FirstCategoryId":"103","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S2589004225017225","RegionNum":2,"RegionCategory":"综合性期刊","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"MULTIDISCIPLINARY SCIENCES","Score":null,"Total":0}
Performance and challenges of power sector reform in China since 2015
China has launched a comprehensive market-oriented reform of the power sector since 2015 to foster competition and enhance efficiency. This article summarizes the progress, achievements, and challenges of these reforms. Progress has been made in enhancing competition in wholesale and retail markets, strengthening regulation over grid costs and services, expanding inter-regional transmission, and promoting renewable electricity. Reform efforts have yielded several notable achievements: significantly improving generation efficiency, particularly among smaller-capacity units in the short term; substantially reducing industrial and commercial electricity prices, though primarily due to government intervention rather than market competition; effectively capturing market dynamics through spot market, although their limited scale has constrained broader impacts; and improving efficiency and welfare through market integration but raising concerns about equity. In the transition to a low-carbon energy future, two pivotal challenges remain: striking a balance between market mechanisms and government intervention; and ensuring system flexibility and long-term resource adequacy.
期刊介绍:
Science has many big remaining questions. To address them, we will need to work collaboratively and across disciplines. The goal of iScience is to help fuel that type of interdisciplinary thinking. iScience is a new open-access journal from Cell Press that provides a platform for original research in the life, physical, and earth sciences. The primary criterion for publication in iScience is a significant contribution to a relevant field combined with robust results and underlying methodology. The advances appearing in iScience include both fundamental and applied investigations across this interdisciplinary range of topic areas. To support transparency in scientific investigation, we are happy to consider replication studies and papers that describe negative results.
We know you want your work to be published quickly and to be widely visible within your community and beyond. With the strong international reputation of Cell Press behind it, publication in iScience will help your work garner the attention and recognition it merits. Like all Cell Press journals, iScience prioritizes rapid publication. Our editorial team pays special attention to high-quality author service and to efficient, clear-cut decisions based on the information available within the manuscript. iScience taps into the expertise across Cell Press journals and selected partners to inform our editorial decisions and help publish your science in a timely and seamless way.