Provider of Last Resort Mechanism and its Development Path in Guangdong

Along with the introduction of deregulated power market in Guangdong, the significance of a well-designed Provider of Last Resort (POLR) mechanism is being increasingly emphasised, as it ensures the continuous power supply to the user participating in the competitive market. This paper provides a thorough introduction of POLR, including the circumstances that triggers POLR as well as its various price mechanism. A two-staged development path for POLR in Guangdong is also designed in the paper.