Price Regulation Model of the Electricity Industry
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Abstract:
The causes result in California electricity crisis are various, however, one of most important causes is the government did not feedback the electricity demands in their regulation of the electric price. This paper builds some incentive regulation models on the price, which are based on the compare of the two species of electricity price regulation model and considers the characteristics of the electricity power market in China. The models can feedback the electricity demands by mimicing compet market and can give the Chinese government some advices how to regulate the electricity price.
