The establishment and analysis of the prosperity indexes for China's power market

DOI

10.2991/eesed-16.2017.77How to use a DOI?

Keywords

Power Industry; Power Industry Reform; Prosperity Index; Composite Index

Abstract

As the pillar industry of the national economy, electric power has important influence on promoting the development of national macroeconomic. Along with the issuance of "No.9 Document" in 2015, China's power industry reform has entered a critical period. Based on the prosperity indexes analysis and forecast the development trend of power industry has important significance on the China's power industry reform. This paper starts with the indexes selection considering short-term, long-term and no market factors. The analysis of composite index has shown that the prosperity index of China's power market is above 100 from 2001 to 2014 and it's between 95~100 on the first half of 2015.At the same time, the regression correction has been carried out to enhance the accuracy of the prosperity index to reflect the development trend of electric power and the electricity market is in the downward phase of a new mild round of economic fluctuations. In the end, the paper puts forward that the reform of power industry in our country should be gradual, at the same time we should pay more attention to the establishment of power market mechanism, and maintain the continuity of policy and other rationalization proposals.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Bo Zeng
AU  - Li-Juan Qin
AU  - Xu Yan
AU  - Xi-Qiao Lin
AU  - Shuai Han
AU  - Li-Ke Gao
PY  - 2016/08
DA  - 2016/08
TI  - The establishment and analysis of the prosperity indexes for China's power market
BT  - 2nd Annual International Conference on Energy, Environmental & Sustainable Ecosystem Development (EESED 2016)
PB  - Atlantis Press
SP  - 550
EP  - 560
SN  - 2352-5401
UR  - https://doi.org/10.2991/eesed-16.2017.77
DO  - 10.2991/eesed-16.2017.77
ID  - Zeng2016/08
ER  -