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Electricity Market Design Operation and Regulation

Guest Editor-in-Chief: Haoyong Chen

The latest round of electricity market reform began in March 2015, which is initiated by the publication of the No.9 Document of CPC Central Committee and State Council. This document foresees a renewed push to establish competitive wholesale and retail electricity markets especially for industrial and commercial electricity customers. The reform is supported by a number of market pilot projects.
The ongoing electricity market reform has made significant breakthroughs in the several aspects. The pilot projects have covered all provinces (including autonomous regions and municipalities). For transmission and distribution pricing and regulation, the transmission and distribution tariffs of 32 provincial level power grids and the Shenzhen power grid have been approved, and the power grid revenue has been reduced by more than 48 billion RMB in total, which greatly reduced the financial burden on industrial and commercial enterprises. In terms of trading institution establishment, at the state level, Beijing and Guangzhou Electric Power Exchange were established and the market management committees were set up. At the provincial level, electric power exchanges have been established in all provinces. The electricity distribution and retailing business have been liberalized. There are more than 3,000 electricity-reselling companies registered in the power exchanges. The annual and monthly contract trading and centralized auction for electricity are very active. Social capital has been introduced to the new power distribution business.
Although the achievement of electricity market reform is great, there still exist quite a lot of difficulties in market design, operation and regulation. It is timely to carry out in-depth theoretical research and draw on international experiences. This special issue aims to publish original research papers and reviews on the theories, methods, strategies, platforms and case studies related to electricity market design, operation and regulation.

This thematic series includes the following topics:

1. Electricity pricing theory and mechanism
2. Electricity market architecture and evolution path
3. Theories and methods of electricity market trading mechanism design
4. Electricity market mechanism promoting renewable energy development
5. Transmission/distribution pricing and auxiliary service market
6. Demand side response in competitive electricity markets
7. Electricity financial market
8. International experience of electricity market design, operation and regulation

All papers and supplementary information (if any) should be submitted online and prepared according to PCMP guidelines. Authors should indicate that the paper is submitted for the thematic series in their cover letter and is not published or being considered to be published elsewhere. All submission will be subject to peer review before possible acceptance for publication in PCMP which is free of charge and highly accessed by readers from all over the world.

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