A Literature Review of Regulating Electricity Price Level

Abstract

Abstract: Price regulation is an important content of the economic regulation,is the key to the reform of electricity market,and has been the focus of research both home and abroad.From the rate of return regulation to incentive regulation such as price cap,revenue cap and yardstick regulation,the theory of regulating electricity price level has been continuously improved in the process of electric power industry and is widely used in countries all over the world.These theories also guide the practice of China’s electricity price reform.However,each theory has advantages and disadvantages.It especially cannot cast aside the assumption of perfect information,therefore it cannot handle the problem of information asymmetry properly.On the basis of literature review of related theories,we propose the trends of future research.

Key words: electric power, price level, regulation

CAI Jian-Gang, YE Ze, ZHONG Hong. A Literature Review of Regulating Electricity Price Level[J]. Journal of Jishou University（Social Sciences）, 2010, 31(2): 87-91.

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