Power Generation Industry: Necessity of Transformation & Development
Since 2002, China's implementation of the power system reform has gradually formed a particular environment, i.e., the electric power system with fierce competition, the electricity market with overall balance but locally excessive supply, the fuel market with rising price, the power industry with low-carbon development direction, and the unchanged traditional price mechanism with the govemment-determined price model, which exacerbates the severe operating conditions of power generation industry. At this moment, the five power generation groups, as representatives of the power generation industry, through transformation in group's development position, power source restructuring, business development layout, capital operation, and management & development concept, makes a useful practice for other power generation groups to adapt to the market and to build the first-class integrated energy corporations.
electric power marketsystem reformlow-carbon developmentstructure adjustmentcapital operationenergy group