Research on imbalance between supply and demand in China's natural gas market under the double-track price system

doi:10.1016/j.enpol.2021.112380

CSpace

	Research on imbalance between supply and demand in China's natural gas market under the double-track price system
	Chai, Jian 1; Zhang, Xiaokong 1; Lu, Quanying 2; Zhang, Xuejun 1; Wang, Yabo 1
	2021-08-01
发表期刊	ENERGY POLICY
ISSN	0301-4215
卷号	155 页码:11
摘要	Under the double-track price system, alternative energy prices and the spread between liquefied natural gas and pipeline natural gas have created a supply-demand imbalance in China's natural gas market, which poses potential risks to economic development and industrial safety. Based on alternative energy prices, economic development level, and geopolitics, this paper used NARDL (Nonlinear Autoregressive Distributed Lag Model, NARDL) to analyze the effect of the spread on the imbalance in the natural gas market. It was shown that the spread and economic development level had a significant impact on the imbalance. Oil prices and geopolitics didn't have a significant impact in the short term while rising coal prices could alleviate the imbalance. Also, the imbalance and the spread in the natural gas market were likely to form a vicious cycle of mutual increase in the short term. Moreover, the impulse response results showed that the impact intensity of the spread on the natural gas market was greater under the background of "short supply" in 2017. Accordingly, a new pricing policy should be aimed at promoting the market-oriented reform, establishing an asymmetric price adjustment mechanism, and guiding rational consumption.
关键词	Natural gas Double-track price system Imbalance NARDL China
DOI	10.1016/j.enpol.2021.112380
收录类别	SCI
语种	英语
资助项目	National Natural Science Foundation of China[71874133] ; Youth Innovation Team of Shaanxi Universities ; Top Young Talents of Shaanxi Province Special Support Plan for Highlevel Talents
WOS研究方向	Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology
WOS类目	Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies
WOS记录号	WOS:000658654600004
出版者	ELSEVIER SCI LTD
引用统计
文献类型	期刊论文
条目标识符	http://ir.amss.ac.cn/handle/2S8OKBNM/58837
专题	中国科学院数学与系统科学研究院
通讯作者	Zhang, Xiaokong
作者单位	1.Xidian Univ, Sch Econ & Management, Xian 710126, Peoples R China 2.Chinese Acad Sci, Acad Math & Syst Sci, Beijing 100190, Peoples R China
推荐引用方式 GB/T 7714	Chai, Jian,Zhang, Xiaokong,Lu, Quanying,et al. Research on imbalance between supply and demand in China's natural gas market under the double-track price system[J]. ENERGY POLICY,2021,155:11.
APA	Chai, Jian,Zhang, Xiaokong,Lu, Quanying,Zhang, Xuejun,&Wang, Yabo.(2021).Research on imbalance between supply and demand in China's natural gas market under the double-track price system.ENERGY POLICY,155,11.
MLA	Chai, Jian,et al."Research on imbalance between supply and demand in China's natural gas market under the double-track price system".ENERGY POLICY 155(2021):11.