AN APPROACH TO"COAL-ELECTRICITY CONTRADICTION"ISSUE:REVIEWS OF RECONSTRUCTION OF COAL-ELECTRICITY ENTITIES
Reconstruction of coal-electricity entities is a vital approach to the structural issues of"coal-electricity contradiction".Reconstruction of central enterprises had basically been effective,still with insufficient recognition in coal-electricity sector,which affects execution of policies.This paper studies the reconstruction obstacles of coal-electricity entities from regime,based on general rules of new institutional economics in an order of"coal-electricity contradiction"→"coal-electricity trading"→"property right optimization"→"adjusting prices",clarifies the relationship between coal-electricity property and energy prices,and focuses on its effectiveness of property right optimized allocation on coal-electricity trading process.Organization theory is employed to analyze the structurally logical relation between coal-electricity contradiction and coal-electricity trading with results showing that source of coal-electricity contradiction comes from unsaved costs amid coal-electricity trading.The root logical relation between coal-electricity trading and coal-electricity property revealed by modern property theory and trading cost theory suggests that optimized allocation of property determine the resources allocating efficiency and organizational efficiency of coal-electricity trading.A gaming model of coal-electricity indicates the negative externality under invalid or fuzzy property,adjustable pricing ways are set under different property allocations.Trading costs have been ignored amid the reconstruction of coal-electricity entities,weakening its effectiveness and the market adjusting capabilities,leading to coal-electricity contradiction.Unclear trading costs result in fuzzy property allocation amid reconstruction of coal-electricity entities,allocation of excessive controlling is simple and straight,which constrains its merging and organizational efficiencies of coal-electricity entities.The fuzzy coal-electricity property allocation contributes to the shifted pricing mechanism.This paper puts forward suggestions on establishing an accounting system of coal-electricity trading cost,optimizing the mixed governing modes and establishing flexible pricing mechanism to mitigate"coal-electricity contradiction".
coal-electricity contradictioncoal-electricity tradingreconstruction of entitiesproperty optimization allocationadjustable pricing
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