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China’s Energy Law Draft and the Reform of its Electricity Supply Sector

Author

Listed:
  • Jun Xu

    (Zhejiang University of Finance and Economics, China)

  • Michael Pollitt

    (EPRG, CJBS, University of Cambridge)

  • Bai-Chen Xie

    (College of Management and Economics, Tianjin University, China)

  • Chun-Han Yang

    (University of Oxford)

Abstract
China is reforming its electricity supply industry under the guidance of the No.9 document published in 2015. However, such reform has not been supported by new legislation until now. China unveiled an Energy Law draft in April 2020 for public consultation. It is widely regarded as an attempt to provide a legal foundation for ongoing energy sector reforms. This paper introduces the legislative background to China’s Energy Law and then identifies the weaknesses of the April 2020 Energy Law draft from the perspective of international experience. We find that although the Energy Law draft represents positive progress on the vertical unbundling and the price mechanism with respect to the competitive and natural monopoly segments of the power sector, it still does not provide adequate support for most other elements. The enacted Energy Law needs to make more explicit provision on horizontal restructuring, incentive regulation, privatization and independent regulation, while the 1995 Electricity Law should also be updated to include reference to the spot market and efficient allocation of transmission capacity as secondary legislation.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Jun Xu & Michael Pollitt & Bai-Chen Xie & Chun-Han Yang, 2020. "China’s Energy Law Draft and the Reform of its Electricity Supply Sector," Working Papers EPRG2028, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
    • Handle: RePEc:enp:wpaper:eprg2028
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    Keywords

    No.9 Document; Energy Law; power market reform;
    All these keywords.

    JEL classification:

    • K32 - Law and Economics - - Other Substantive Areas of Law - - - Energy, Environmental, Health, and Safety Law

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