POWER MARKET RESTRUCTURING IN ASIA: RUSSIA,1 CHINA, INDIA AND JAPAN2

T.J. Hammons,∗ N.I. Voropai,∗∗ J. Zhong,∗∗∗ S. Mukhopadhyay,∗∗∗∗ and I. Kurihara∗∗∗∗∗

Keywords

Power industry restructuring, electricity markets, electricity prices, renewable energy, power exchange evaluation

Abstract

This paper examines power market restructuring in Asia, principally in Russia, China, India and Japan. It considers economic convergence points of the Russian and Asian Power Markets; Russia’s power industry restructuring – current state and problems; and power industry restructuring in China: regional electricity markets, investment, planning and challenges. Also considered is development of the power market in India; and restructuring of the electric power industry and current state of the power market in Japan: progress, outline of revisions, and an assessment of institutional reforms.

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