Hydro resources are provided by nature. The exploitation of such resources can generate significant economic rent to the owners. In the past, governments have usually claimed ownership of hydroelectric resources and passed on the rents to their state-owned utilities, which have used them to...

This paper discusses issues and explores options related to the reform of the power sector regulatory system in China. It reviews the power sector's current situation and impediments to reform, examines the relationship between power sector structure and regulation, and suggests several...