Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/107713
Authors: 
Zhang, ZhongXiang
Year of Publication: 
2014
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 72.2014
Abstract: 
The Chinese leadership in November 2013 determined to embark upon a new wave of comprehensive reforms in China. This is clearly reflected by the key decision of the Third Plenum of the 18th Central Committee of Communist Party of China to assign the market a decisive role in allocating resources. To have the market to play that role, getting the energy prices right is crucial because it sends clear signals to both producers and consumers of energy. While the overall trend of China’s energy pricing reform since 1984 has been moving away from the pricing completely set by the central government in the centrally planned economy towards a more market-oriented pricing mechanism, the pace and scale of the reform differ across energy types. This paper discusses the evolution of price reforms for coal, petroleum products, natural gas and electricity in China, provides some analysis of these energy price reforms, and suggests few areas of reforms could take place in order to have the market to play a decisive role in allocating resources and to help China’s transition to a low-carbon economy.
Subjects: 
Energy Prices
Tiered Prices
Differentiated Tariffs
Subsidies
Coal
Electricity
Natural Gas
Petroleum Products
Resource Taxes
Desulfurization and Denitrification
State-Owned Enterprises
China
JEL: 
H23
H71
O13
O53
P2
Q41
Q43
Q48
Q53
Q58
Document Type: 
Working Paper

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