scholarly journals The Sustainability of Energy Substitution in the Chinese Electric Power Sector

2020 ◽  
Vol 12 (13) ◽  
pp. 5463
Author(s):  
Ying Li ◽  
Yue Xia ◽  
Yang-Che Wu ◽  
Wing-Keung Wong
Keyword(s):  
Human Capital ◽  
Energy Conservation ◽  
Cost Function ◽  
Electric Power ◽  
Electric Power Industry ◽  
Power Industry ◽  
Power Sector ◽  
Capital Input ◽  
Energy Substitution ◽  
Electric Power Sector

The Chinese electric power industry, including its coal industry and other energy industries that are not efficient, contributes to China’s serious energy shortages and environmental contamination. The governing authority considers energy conservation to be one of the most prominent national targets, and has formulated various plans for decarbonizing the power system. Applying the trans-log cost function, this paper examined the trans-log cost function to analyze the potential inter-factor substitution among energy, capital and labor. We also investigated what role human capital played in energy substitution for the electric power sector during the period from 1981 to 2017. Three key results were derived: (1) energy is price-insensitive, (2) there exists large substitution sustainability between both capital and labor with energy, and (3) human capital input not only enhances the extent of energy substitutability with capital and labor but also is a substitute to energy itself. These findings imply that the liberalization of the electric price mechanism is conducive to lessening energy use and augmenting non-energy intensiveness, and that energy conservation technology could become more sustainable by investing more capital in the electricity sector, thereby achieving a capital–energy substitution and a decrease of CO2 emissions. We further suggest that the priority for the Chinese electric power industry should be to attach more importance to increasing human capital input.

scholarly journals Restructuring of Electric Power Sector: The Transition from Monopoly to Competitive Market Conditions

2021 ◽  
Vol 04 (01) ◽  
Author(s):  
Dario Maradin ◽  
Keyword(s):  
Electric Power ◽  
Electric Power Industry ◽  
Power Industry ◽  
Competitive Market ◽  
Structural Reforms ◽  
Power Sector ◽  
Market Conditions ◽  
Economic Relations ◽  
Electric Power Sector ◽  
Business Entities

The electric power sector is facing comprehensive changes reflected in the reorganization of the entire market, in the economic relations management and the technical and technological functioning of companies. The changes are in fact a consequence of various restructuring processes in the electric power sector, which are parallelly unfolding depending on the course and dynamics of the structural reforms implementation. In the electric power industry, these processes primarily involve liberalization, namely, opening the market to all business entities, and thus introducing competition to the electricity power market. The establishment of competition in the electric power industry is facilitated by the process of vertical unbundling of electric power activities, which can be divided into market-oriented and regulated activities. The purpose of this paper is to present the structural reforms and processes of restructuring the electric power industry which is transforming from monopoly market structures to competitive market conditions.

scholarly journals Quota Allocation for Carbon Emissions in China′s Electric Power Industry Based Upon the Fairness Principle

Energies ◽  
2018 ◽  
Vol 11 (9) ◽  
pp. 2256 ◽  
Author(s):  
Ming Meng ◽  
Lixue Wang ◽  
Qu Chen
Keyword(s):  
Electric Power ◽  
Carbon Emissions ◽  
Carbon Emission ◽  
Electric Power Industry ◽  
Power Industry ◽  
Total Carbon ◽  
Carbon Mitigation ◽  
Power Sector ◽  
Quota Allocation ◽  
Electric Power Sector

As an essential measure to mitigate the CO2 emissions, China is constructing a nationwide carbon emission trading (CET) market. The electric power industry is the first sector that will be introduced into this market, but the quota allocation scheme, as the key foundation of market transactions, is still undetermined. This research employed the gross domestic product (GDP), energy consumption, and electric generation data of 30 provinces from 2001 to 2015, a hybrid trend forecasting model, and a three-indicator allocation model to measure the provincial quota allocation for carbon emissions in China′s electric power sector. The conclusions drawn from the empirical analysis can be summarized as follows: (1) The carbon emission peak in China′s electric power sector will appear in 2027, and peak emissions will be 3.63 billion tons, which will surpass the total carbon emissions of the European Union (EU) and approximately equal to 2/3 of the United States of America (USA). (2) The developed provinces that are supported by traditional industries should take more responsibility for carbon mitigation. (3) Nine provinces are expected to be the buyers in the CET market. These provinces are mostly located in eastern China, and account for approximately 63.65% of China′s carbon emissions generated by the electric power sector. (4) The long-distance electric power transmission shifts the carbon emissions and then has an impact on the quotas allocation for carbon emissions. (5) The development and effective utilization of clean power generation will play a positive role for carbon mitigation in China′s electric sector.

Energy conservation and emission reduction of China’s electric power industry

2015 ◽  
Vol 45 ◽  
pp. 10-19 ◽  
Author(s):  
Kaile Zhou ◽  
Shanlin Yang ◽  
Chao Shen ◽  
Shuai Ding ◽  
Chaoping Sun
Keyword(s):  
Energy Conservation ◽  
Electric Power ◽  
Emission Reduction ◽  
Electric Power Industry ◽  
Power Industry

scholarly journals Performance of the Public Electric Power Industry: Evidence from Pakistan

2001 ◽  
Vol 40 (2) ◽  
pp. 115-133
Author(s):  
Abdul Ghafoor ◽  
Jhon Weiss
Keyword(s):  
Electric Power ◽  
Economies Of Scale ◽  
Electric Power Industry ◽  
Factor Productivity ◽  
Public Infrastructure ◽  
Power Sector ◽  
Firm Level ◽  
The Public ◽  
Electric Power Sector ◽  
Productivity Indicators

The study investigates the performance of electric power sector of Pakistan at the firm level, as well as the sector as a whole. It identifies and attempts to quantify the extent of inefficiencies. Since either physical or financial or productivity indicators alone are not able to explain the duality of public infrastructure purposes and the complexity of their multi-dimensional goals, a set of relevant physical, financial, and productivity indicators have been used in evaluating the performance of this sector. Further, a Cobb- Douglas production function has also been used to calculate the trend in the growth of total factor productivity. Economies of scale have also been studied in the case of electric power generation.

scholarly journals Russian-Chinese Cooperation Prospects in the Electric Power Industry

2020 ◽  
Vol 9 (27) ◽  
pp. 570-577
Author(s):  
Olga Aleksandrovna Zhdanova ◽  
Tatiana Grigorievna Bondarenko ◽  
Margarita Vasilievna Pashkovskaya ◽  
Svetlana Vladimirovna Plyasova
Keyword(s):  
Electric Power ◽  
Electric Power Industry ◽  
Power Market ◽  
Electric Power Market ◽  
Power Sector ◽  
Demand And Supply ◽  
Electric Power Sector ◽  
Trading Partners ◽  
Belt And Road

Russia and China have long been trading partners and cooperated in most industries, including the electric power sector. Even with close and long-standing ties, the further scope of Russian-Chinese relations in the electric power sector should be defined taking into account China's currently implemented Belt and Road Initiative requiring enormous resources, particularly in commodities. An analysis of Russia's electric power market shows an imbalance between the levels of demand and supply skewing to the supply side. Russian excess supply of electricity could be feasibly channelled to China under long-term contracts. For now, such supplies have not been operated at the levels planned several years ago, which indicates low utilisation of the existing potential of cooperation between the countries in the sector. Besides, considerable potential exists for partnership between Russia and China in upgrading electric power facilities and supplying electricity equipment and its subsequent maintenance.

scholarly journals Investment Appeal of Modern Electric Power Generating Companies

2021 ◽  
Vol 31 (3) ◽  
pp. 314-320
Author(s):  
Galina Sheveleva
Keyword(s):  
Electric Power ◽  
Research University ◽  
Electric Power Industry ◽  
Corporate Management ◽  
Financial Indicators ◽  
Power Sector ◽  
Corporate Development ◽  
Initial Stage ◽  
Electric Power Sector

Nowadays, the conditions for the further reforming of Russian electric power industry and developing its generating companies are changing. However, the problems of attracting investments into this sphere and increasing the investment appeal of the involved companies remain unsolved. The purpose of the research is to assess the investment appeal of the modern wholesale and territorial companies generating electric power, mainly for portfolio investors. The assessment was primarily conducted using the method of financial ratios, taking into consideration the approach used by A. Zaporozhan, A. Petrova and M. Kalvarskaya for assessing investment appeal of generating companies at the initial stage of the reforming of Russian electric power sector. Specific amendments to this approach are suggested. These amendments concern the increase of the number of the assessed objective financial indicators and specification of their content. Componentwise ranking of companies according to their investment appeal was conducted. It allowed the author to identify leaders and outsiders. One can observe comparability of the obtained results with the assessment of the investment appeal of generating companies as far as the quality of their corporate management is concerned, conducted by the center for corporate development ТopCompetence, Association of Independent Directors and National Research University «Higher School of Economics».

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