Success and Failure of Electricity Market Deregulation in China and the Policy Solutions : The Case of Jiangsu Province

China's electricity sector has undergone several rounds of reforms since 1985, with which significant changes have been made. This paper provides a brief history of the archived and ongoing key policies for market reforms in China and Jiangsu Province. The market success and failure against this regime over the preceding half a decade are analyzed from a theoretical perspective, and policy implications are examined for understanding competition in markets based on new and upcoming power related policies. If these challenges or issues are not properly addressed, the potential positive impacts of the new reforms may be undermined