Analysis of Reasonable Energy Price Ratios in China
Publication: Journal of Energy Engineering
Volume 139, Issue 3
Abstract
As a result of China’s rapid economic growth, energy demand has increased significantly in recent years. Consequently, energy pricing has become increasingly prominent. This paper defines reasonable energy price ratios and establishes models to analyze them from the aspects of input/output standards, economic standards, and international standards according to the structure of the energy prices. Furthermore, based on the socioeconomic conditions in China, prices of coal, natural gas, and electric power are selected as examples for analyzing the price ratios of regulated and nonregulated energy prices under three evaluation criteria. Finally, reasonable energy price ratios in China are determined through a comprehensive analysis. The paper concludes that these ratios are significant for developing countries undergoing energy market oriented reforms such as China.
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Acknowledgments
The work described in this paper was supported by the National Natural Science Foundation of China (Grant No. 71273089) and Beijing Natural Science Foundation of China (Grant No. 9122022). Argonne National Laboratory’s work was supported under U.S. Department of Energy contract DE-AC02-06CH11357.
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Information & Authors
Information
Published In
Journal of Energy Engineering
Volume 139 • Issue 3 • September 2013
Pages: 214 - 222
Copyright
© 2013 American Society of Civil Engineers.
History
Received: Sep 22, 2011
Accepted: Jan 3, 2013
Published online: Aug 15, 2013
Published in print: Sep 1, 2013
Discussion open until: Jan 15, 2014
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