How should China prioritize the deregulation of electricity prices in the context of carbon pricing? A computable general equilibrium analysis

• Published in: Energy economics Vol. 96; p. 105187
• Main Authors: Zhang, Kun, Yao, Yun-Fei, Liang, Qiao-Mei, Saren, Gaowa
• Format: Journal Article
• Language: English
• Published: Kidlington Elsevier B.V 01.04.2021; Elsevier Science Ltd
• Subjects: Abatement cost; Carbon; Carbon pricing; Consumption; Context; Cost analysis; Deregulation; Disposable income; Electric industries; Electricity; Electricity consumption; Electricity pricing; Electricity pricing reform; Emissions control; Emissions trading; Energy economics; Equilibrium; Equilibrium analysis; GDP; Government policy; Government regulations; Gross Domestic Product; Households; Liberalization; Markets; Price deregulation; Prices; Pricing policies; Public policy; Residential energy; Trading; Welfare; China; Abatement cost; O13; Q43; Q56; Carbon pricing; C68; Electricity pricing reform; Price deregulation; O44

China formally launched a national carbon trading market in the power sector in 2017. However, electricity prices in China are still subject to government regulation, which reduces the cost-effectiveness of the carbon pricing policy. This study uses a computable general equilibrium model to explore...