Research Article
Regulation of Market Power in Australia and Its Implications for the China’s Electricity Market
@INPROCEEDINGS{10.4108/eai.17-11-2023.2342692, author={Kai Wang and Chunsen Wang and Ming Zhong and Na An and Changhong Wan and Jianheng Shi and Baoyue Wang and Xue Yang and Siwan Huang}, title={Regulation of Market Power in Australia and Its Implications for the China’s Electricity Market}, proceedings={Proceedings of the 5th International Conference on Economic Management and Model Engineering, ICEMME 2023, November 17--19, 2023, Beijing, China}, publisher={EAI}, proceedings_a={ICEMME}, year={2024}, month={2}, keywords={electric market power; market power regulation ; pre-regulation ; generating units}, doi={10.4108/eai.17-11-2023.2342692} }- Kai Wang
Chunsen Wang
Ming Zhong
Na An
Changhong Wan
Jianheng Shi
Baoyue Wang
Xue Yang
Siwan Huang
Year: 2024
Regulation of Market Power in Australia and Its Implications for the China’s Electricity Market
ICEMME
EAI
DOI: 10.4108/eai.17-11-2023.2342692
Abstract
This paper aims to conduct an in-depth investigation into the regulatory mechanisms governing the exercise of market power in the Australian electricity market and to explore the implications of these mechanisms for the regulation of the Chinese electricity market. Firstly, an analysis of the legal framework for electricity market regulation in Australia is presented, encompassing the registration of market participants and the establishment of regulatory bodies. Furthermore, the paper delves into the constraints on market power exercise by examining price controls and behavioral indicators of market participants. It introduces the steps involved in the regulation of market power forms in Australia and, in conjunction with practical operational examples, analyzes their effectiveness and challenges in ensuring fair market competition and preventing market abuses. Finally, drawing insights from the Australian case study, the paper presents implications for the regulation of China’s electricity market. These implications are aimed at addressing market competition, enhancing regulatory efficiency, and promoting the sustainable development of the market.