Market-driven energy pricing necessary to ensure China's power supply

摘要: Abstract China's rapid economic growth has strained its power supply, as manifested for instance by the widespread 2008 shortage. The cause this shortage is thought to be current Chinese energy pricing system, which mainly government rather than market controlled. Government-regulated price-caps coal have seriously affected supply. At same time electricity supply caused suspension of plant operation. As a result, average operating coal-fired plants declined 50 h annually across nation in first half compared previous year, despite clear shortages. Here, it will suggested that pricing, set and demand may effectively discourage excessive heavy industry, substantially encourage conservation efficiency, curb China. It argued market-oriented mechanism required China secure future