This paper examines how China’s power market reform influences the stock price volatility of listed power companies. We use the Iterative Cumulative Sums of Squares (ICSS) algorithm to identify structural breakpoints in stock prices, then analy...
The launch of the national carbon emissions trading (CET) market has resulted in a closer relationship between China’s CET market and its electricity market, making it easy for risks to transfer between markets. This paper utilizes data from Ch...
Wind power has become the main power generation method in China’s clean energy power generation because of its clean and high efficiency, as well as its high power utilization rate. The research on its pricing mechanism has also become the main...
In order to accelerate the construction of a clean, low-carbon, safe and efficient energy system, China set the provincial weight of responsibility for renewable energy power consumption and established a renewable energy power absorption guarantee m...
The power sector is one of the major CO2-emitting industries in China. It is also the first key emissions control industry included in China’s national carbon trading market established in 2021. Therefore, based on the data of 30 provinces and...
China is the world’s largest importer of logs, possessing the scale to exert significant influence in the international market. This paper uses a fixed-effect variable coefficient Pricing-to-Market panel model to measure China’s market po...
To promote the low-carbon energy transition, China is implementing renewable energy (RE) development policies such as renewable portfolio standards (RPSs), carbon emissions trading (CET) and China certified emission reduction (CCER) trading. However,...
Prior research has shown the importance of innovation policies that promote innovation in renewable energy, such as wind power. We study the impact of the strategic interaction of innovation policies between regional governments in terms of wind ener...
The total grid-connected installed capacity of wind power in northwest China has grown from 16,260 MW in 2013 to 43,290 MW in 2016; an increase of 88.7% each year. However, this region has suffered from increasingly serious wind curtailment since 201...
Current integration and co-movement among international stock markets has been boosted by increased globalization of the world economy, and profit-chasing capital surfing across borders. With a reputation as the fastest growing economy in the world,...
The new round of electricity market reform in 2015 completely changed the profit pattern of power grid enterprises (PGEs) in China, and directly affected their investment plans. Under the new electricity market reform (NEMR), the government regulator...
Digital transformation is seen as an “elixir” for companies to improve their economic performance and expand their market power in the digital economy. Therefore, how does digital transformation affect enterprises’ market power? Thi...
To reach the “30·60” decarbonization target (where carbon emissions start declining in 2030 and reach net zero in 2060), China is restructuring its power system to a new energy-based one. Given this new situation, this paper review...
Based on the “Future Outlook” sections of annual and semi-annual reports from Chinese A-share-listed companies (2011–2024), we construct a novel measure of managerial confidence by quantifying the intertemporal shifts in textual sen...
To achieve carbon peak and neutrality goals and promote sustainable development, the power sector, as China’s largest source of carbon emissions, is the first industry to implement the national carbon emission trading scheme (ETS). A difference...
In the aquaculture product market, the efficiency of vertical price transmission is an important manifestation, representing the marketization level of aquatic products. When the price of any sector in the aquatic product industry chain fluctuates sl...
This paper, based on the Fujian provincial 500 kV grid and part of the 220 kV grid and the key power plants, including hydro, coal, nuclear, gas, wind and pumping and storage hydro powers (PSHP) connected to the grid, constructs an independent electr...
In China, electricity market reform was first implemented in 2015. At the same time, the national carbon market was built, along with the electricity industry, which was considered a breakthrough. Some key considerations for the future development of...
Power retail companies in the electricity market make profits through buying and selling power energy in the wholesale and retail markets, respectively. Traditionally, they are assumed to bid in the wholesale market with the same objective, i.e., max...
This study investigates the mechanisms by which service-oriented transformation affects employee satisfaction with performance evaluation systems within the context of China’s electricity market reform. Using CGN New Energy’s Guangxi Bran...
The international diffusion of environmental innovations is getting increasing attention as an opportunity to improve competitiveness. Especially in the energy sector, countries use policy support to this end. A recent goal in this context is the for...
The reduction of carbon emissions in the power industry will play a vital role in global decarbonization. The power industry has three main strategies to achieve this reduction in emissions: to implement lean marketing strategies that effectively tar...
Over the past decade, China has vigorously supported the development of renewable energy and has initially established the electricity–carbon–certificate multi-market. As a typical market-oriented demand-side management model, studying th...
A key component of sustainable transitions is the shift to renewable energy (RE) sources. Much scholarly work has focused on technical challenges of RE production or on social, political, and economic barriers to RE adoption. However, less research h...
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,...
The power sector is one of the major contributors to China’s carbon emissions, and its low-carbon transformation is of vital importance to China’s long-term sustainable development. This paper aims to investigate the spillover effect betw...
Carbon taxes and carbon markets both contribute to mitigating carbon emissions in China’s power industry. Nevertheless, the pricing mechanism within China’s national carbon market, confined solely to the power sector, faces challenges in...
Trade market power serves as a significant indicator of pricing power within the trade market. This paper aims to examine the market structure of global forage trade from 1997 to 2020 and assess the market power of forage exporters in major importing...
This paper investigates the heterogeneous dependence between global crude oil futures and China’s biofuel feedstock commodities under different market conditions. Quantile-on-quantile regression and the causality-in-quantiles test are employed...
Distributed energy resources aggregators (DERAs) are permitted to participate in regional wholesale markets in many counties. At present, new market players such as aggregators participate in China’s power market transactions. However, studies...
Recent research has focused on a dialectical examination of neoliberalism and China’s inherent authoritarian regulatory regime and the planned economy tradition. In the same vein, this study examines China’s institutional reform and emerg...
Due to the development of China’s electricity spot market, the peak-shifting operation modes of energy storage devices (ESD) are not able to adapt to real-time fluctuating electricity prices. The settlement mode of the spot market aggravates the nega...
Energy storage has attracted more and more attention for its advantages in ensuring system safety and improving renewable generation integration. In the context of China’s electricity market restructuring, the economic analysis, including the c...
To reach Carbon Peak in 2030 and Carbon Neutrality in 2060, China is developing renewable energy at a fast pace. Renewable energy enterprises will participate in the power market in an all-round way as China gradually improves its electricity market....
The high-speed rail industry (from now on referred to as HSR) in China is flourishing, and improvements in its international competitiveness and the sustainable development of trade are gradually attracting international attention. This study examine...
One of the most critical tasks of China’s power sector reformation is re-designing transmission and distribution (T&D) prices, which are essential in establishing fair and ordered power markets and encouraging the efficient allocation of re...
With the deepening reform of the power market, the external environment of China’s power industry is going through a huge change. China’s traditional power generation groups (TPGGs), with assets all over the country, are, due to a lack of...
In the context of the energy crisis and global climate deterioration, the sustainable development of clean energy will become a new direction for future energy development. Based on the development process of clean energy in China in the past ten yea...
In 2015, a new round reform of the marketization for the electricity sales in China is launched. This paper investigates the policy selection for this reform in China, from the perspective of political economics. We analyze the policy selection of th...
Carbon emission control is an urgent environmental issue that governments are paying increasing attention to. Improving carbon market transaction efficiency in the context of China’s power industry is important for green growth, low carbon tran...
As a responsible world power, China has established quantitative carbon emission reduction targets and started to establish carbon trading pilots in 2013. Successfully connection and a certain size of the carbon market can further enhance the liquidi...
With the development of China’s energy structure adjustment and energy conservation and emission reduction, China’s carbon trading market has been fully launched. As an important participant in the carbon trading market, thermal power ent...
China has made significant progress in developing renewable energy, but challenges in integrating variable sources like wind, solar, and hydro power persist. Existing research has a regional focus and lacks a comprehensive understanding of integratio...
With the advancement of China’s electricity markets and the continuous development of renewable energy sources (RESs), it is of great importance to investigate the strategic behavior of RESs in electricity markets. In this paper, a two-stage st...
Electricity forward market contract trading constitutes a principal trading method in the electricity market. To address deviations from or non-compliance with contracts in China’s forward electricity market, an Energy Deviation Settlement (EDS...
The electricity spot market is now being implemented in China. Demand response, as a kind of flexible resource, is also being studied and explored for the constructed power market. Among the many demand response applications, the virtual power plant...
In this paper, we provide empirical evidence for understanding the growth behavior of China’s new generation of information technology (IT) industrial firms and the impact of innovation and market power on them. Based on the data of China&rsquo...
With the rapid advancement of China’s power system reform, various provinces have progressively recognized distributed energy systems as autonomous market participants, and their operational paradigm has transitioned from centralized procuremen...
From scratch to current stage, China’s nuclear power technology has experienced rapid development, and now China has begun to export nuclear power technology. As a kind of highly efficient and clean energy source, nuclear energy is also a prior...
Depletion of fossil fuel deposits is the main current issue related to the world’s power generation. Renewable energy sources integrated with energy efficiency represent an effective solution. The electrification of end-use coupled with renewable pow...
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