Electricity Prices in China: A Demand and Supply Analysis

This is an ISS201 (Demand and Supply) assignment.

Write a 1500-word academic essay on Electricity Prices in China, following the structure and requirements below. Use simple, clear language suitable for a Bachelors level economics course.

Required structure and word limits:

• Introduction (100 words): Briefly introduce electricity as a good and explain why China is chosen.
• Data (100 words): Present recent electricity price data for China (household or industrial). Include a table or graph and clearly state the data source (e.g., National Bureau of Statistics of China, IEA, World Bank). Briefly describe the price trend.
• Background Research (400 words): Discuss key factors affecting electricity prices in China (e.g., demand growth, industrialization, coal prices, renewable energy transition, energy shortages, environmental policies). Use APA-style in-text citations and references.
• #PriceDetermination Analysis (400 words): Use demand and supply analysis. Clearly identify which factors are demand shifters and which are supply shifters, explaining them one by one. Include and explain demand/supply graphs in words.
• #Government Analysis (400 words): Analyze the role of the Chinese government in electricity pricing (e.g., price controls/price ceilings, subsidies, regulation). Evaluate how these policies affected prices and quantities.
• Conclusion (100 words): Briefly summarize whether demand/supply forces and government intervention explain the observed price movements.

Additional requirements:

• Follow APA style for citations and references.
• Use US English.
• Keep explanations clear and straightforward (no advanced math).
• Align with LO1 (Price Determination) and LO2 (Government Intervention).
• Include a references list at the end.