Transmission Investment Access And Pricing In Bilateral Electricity Markets With Significant Intermittent Generation

Download Transmission Investment Access And Pricing In Bilateral Electricity Markets With Significant Intermittent Generation full books in PDF, epub, and Kindle. Read online Transmission Investment Access And Pricing In Bilateral Electricity Markets With Significant Intermittent Generation ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!

Transmission Investment, Access and Pricing in Bilateral Electricity Markets with Significant Intermittent Generation

Author : Christos Vasilakos Konstantinidis
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (858 download)

DOWNLOAD NOW!

Book Synopsis Transmission Investment, Access and Pricing in Bilateral Electricity Markets with Significant Intermittent Generation by : Christos Vasilakos Konstantinidis

Download or read book Transmission Investment, Access and Pricing in Bilateral Electricity Markets with Significant Intermittent Generation written by Christos Vasilakos Konstantinidis and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In order to achieve the European and national decarbonization targets and ensure the development of a flexible and secure electricity system significant grid expansion will be necessary so as to connect the usually remotely located renewable generation and geographically optimize access to flexible generation. However, the current technical, market and regulatory frameworks that support the investment and operation of the transmission system both in Great Britain and continental Europe were devised for a system without this significant penetration of intermittent generation. This thesis focuses on the necessary changes of the transmission investment, access and pricing arrangements of bilateral electricity markets, as opposed to centralized pools, so as to facilitate the triptych of decarbonization, security of supply and cost efficiency. The main research topics are: 1) Short term transmission access pricing 2) Transmission tariff design 3) Transmission rights market design 4) Transmission investment pricing signals This analysis has resulted for the first time in the development of a theoretically optimum set of arrangements for short term transmission access pricing in bilateral electricity markets, which is compatible with the markets found in Great Britain and Europe. Furthermore, a complete modelling framework has been developed for evaluating the long-term welfare effects of different transmission tariff designs capturing the dynamic relationship between transmission and generation investment through transmission pricing. An extensive analysis is carried out on transmission rights market design options for cross-border power trading and a set of policy proposals is presented. Lastly, the transmission investment pricing signals in bilateral electricity markets are examined and it is proved that transmission planning based on a Cost Benefit Analysis between balancing mechanism and transmission investment cost, as is currently the practice, will lead to sub-optimal system expansion. Based on this conclusion a number of policy proposals are put forward.

Transmission Network Investment in Liberalized Power Markets

Author : Mohammad Reza Hesamzadeh
Publisher : Springer Nature
ISBN 13 : 3030479293
Total Pages : 590 pages
Book Rating : 4.0/5 (34 download)

DOWNLOAD NOW!

Book Synopsis Transmission Network Investment in Liberalized Power Markets by : Mohammad Reza Hesamzadeh

Download or read book Transmission Network Investment in Liberalized Power Markets written by Mohammad Reza Hesamzadeh and published by Springer Nature. This book was released on 2020-09-10 with total page 590 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a systematic overview of transmission network investment in liberalized power markets. Recent government policies to increase the share of intermittent renewable power generation and other technological innovations present new theoretical as well as practical challenges for transmission investments. Written by experts with a background in both economics and engineering, the book examines the economic and technical fundamentals of regulated and merchant transmission investment, and includes case studies of transmission investment in a number of countries. The book is divided into four parts: Part 1 introduces the basic economics and engineering of transmission network investment, while Part 2 discusses merchant investment in the transmission network. Part 3 then examines transmission investment coordination and smart grids, and lastly, Part 4 describes practical experiences of transmission network investment in power market in various countries.

From Regulation to Competition: New frontiers in electricity markets

Author : Michael A. Einhorn
Publisher : Springer Science & Business Media
ISBN 13 : 9401113688
Total Pages : 286 pages
Book Rating : 4.4/5 (11 download)

DOWNLOAD NOW!

Book Synopsis From Regulation to Competition: New frontiers in electricity markets by : Michael A. Einhorn

Download or read book From Regulation to Competition: New frontiers in electricity markets written by Michael A. Einhorn and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electric utilities throughout the world continue to face new challenges involving ownership, market structure, and regulation. There are three related issues at hand. First, should ownership be private or public? Second, what operations should be integrated and where is competition feasible? Third, where is regulation necessary and can it be made more efficient? This volume bears directly upon these concerns. The book contains two sections. The first six articles discuss the British electricity experiment that has privatized and disintegrated the nation's generation, transmission, and distribution companies, introduced market competition for power purchases, and implemented incentive regulation for monopolized transmission and distribution grids. The remaining articles focus on the theater in which significant microeconomic issues will continue to emerge, most immediately in the U.K. and U.S.A. -- the coordination and pricing of transmission.

Transmission Pricing and Renewables

Author :
Publisher :
ISBN 13 :
Total Pages : 69 pages
Book Rating : 4.:/5 (684 download)

DOWNLOAD NOW!

Book Synopsis Transmission Pricing and Renewables by :

Download or read book Transmission Pricing and Renewables written by and published by . This book was released on 1997 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: Open access to the transmission system, if provided at reasonable costs, should open new electricity markets for high-quality renewable resources that are located far from load centers. Several factors will affect the cost of transmission service, including the type of transmission pricing system implemented and the specific attributes of renewable energy. One crucial variable in the transmission cost equation is a generator's capacity factor. This factor is important for intermittent renewables such as wind and solar, because it can increase transmission costs several fold due to the traditional use of take-or-pay, capacity-based transmission access charges. This report argues that such a charge is demonstrably unfair to renewable generators. It puts them at an economic disadvantage that will lead to an undersupply of renewable energy compared with the least-cost mix of generation technologies. The authors argue that congestion charges must first be separated from the access charges that cover the fixed cost of the network before one can design an efficient tariff. They then show that, in a competitive market with a separate charge for congestion, a take-or-pay capacity-based access charge used to cover system fixed costs cannot be justified on the basis of peak-load pricing. An energy-based access charge, on the other hand, is fair to intermittent generators as well as to the usual spectrum of peak and base-load technologies. This report also reviews other specific characteristics of renewables that can affect the cost of transmission, and evaluates the potential impact on renewables of several transmission pricing schemes, including postage-stamp rates, megawatt-mile pricing, congestion pricing, and the Federal Energy Regulatory Commission's {open_quotes}point-to-point{close_quotes} transmission tariffs.

Financial Transmission Rights

Author : Juan Rosellón
Publisher : Springer Science & Business Media
ISBN 13 : 1447147871
Total Pages : 442 pages
Book Rating : 4.4/5 (471 download)

DOWNLOAD NOW!

Book Synopsis Financial Transmission Rights by : Juan Rosellón

Download or read book Financial Transmission Rights written by Juan Rosellón and published by Springer Science & Business Media. This book was released on 2013-03-15 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whilst financial rights have appeared as a successful ingredient in North-American power markets, they have their shortcomings both theoretically and in practice. Financial Transmission Rights: Analysis, Experiences and Prospects present a systematic and comprehensive overview of financial transmission rights (FTRS). Following a general introduction to FTRs, including chapters to explain transmission pricing and the general properties of FTRS, experts in the field provide discussions on wide scope of topics. These include: Varying perspectives on FTRS: from electrical engineers to economists, Different mathematical formulations of FTRS Financial Hedging using FTRS, and Alternative solutions to FTRs The detail, expertise and range of content makes Financial Transmission Rights: Analysis, Experiences and Prospect an essential resource for electricity market specialists both at academic and professional levels. “This is THE BOOK we were all expecting to address all key ‘Financial Transmission Rights’ issues. It is comprehensive and reader friendly. You can pick at will in its menu: more or less theory, a bit of maths or none, empirical review of real cases or numerical simulations of many feasible options. Big names rally there to delight you like: Hogan , Oren, Perez-Arriaga, Smeers, Hobbs and... Rosellón. More than a must read: a light house, a map and a survival kit.” Jean – Michel Glachant, Director Florence School, Holder Loyola de Palacio Chair, Chief-editor Economics of Energy & Environmental Policy. "In the last two decades, economists have developed a better understanding of the impact of financial rights on risk management, market power and network expansion in electricity markets, while power systems have experimented with such rights. Striking a good balance between academics and practitioners, always at the frontier of the field, written by the best experts, this volume is essential reading for all those- power systems’ managers and users, regulators, students and researchers- who want to understand the new electricity environment and predict its evolution." Jean Tirole, Toulouse School of Economics and Institute for Industrial Economics (IDEI) Further comments inside.

The Power of Change

Author : National Academies of Sciences, Engineering, and Medicine
Publisher : National Academies Press
ISBN 13 : 0309371422
Total Pages : 341 pages
Book Rating : 4.3/5 (93 download)

DOWNLOAD NOW!

Book Synopsis The Power of Change by : National Academies of Sciences, Engineering, and Medicine

Download or read book The Power of Change written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2016-09-30 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electricity, supplied reliably and affordably, is foundational to the U.S. economy and is utterly indispensable to modern society. However, emissions resulting from many forms of electricity generation create environmental risks that could have significant negative economic, security, and human health consequences. Large-scale installation of cleaner power generation has been generally hampered because greener technologies are more expensive than the technologies that currently produce most of our power. Rather than trade affordability and reliability for low emissions, is there a way to balance all three? The Power of Change: Innovation for Development and Deployment of Increasingly Clean Energy Technologies considers how to speed up innovations that would dramatically improve the performance and lower the cost of currently available technologies while also developing new advanced cleaner energy technologies. According to this report, there is an opportunity for the United States to continue to lead in the pursuit of increasingly clean, more efficient electricity through innovation in advanced technologies. The Power of Change: Innovation for Development and Deployment of Increasingly Clean Energy Technologies makes the case that America's advantagesâ€"world-class universities and national laboratories, a vibrant private sector, and innovative states, cities, and regions that are free to experiment with a variety of public policy approachesâ€"position the United States to create and lead a new clean energy revolution. This study focuses on five paths to accelerate the market adoption of increasing clean energy and efficiency technologies: (1) expanding the portfolio of cleaner energy technology options; (2) leveraging the advantages of energy efficiency; (3) facilitating the development of increasing clean technologies, including renewables, nuclear, and cleaner fossil; (4) improving the existing technologies, systems, and infrastructure; and (5) leveling the playing field for cleaner energy technologies. The Power of Change: Innovation for Development and Deployment of Increasingly Clean Energy Technologies is a call for leadership to transform the United States energy sector in order to both mitigate the risks of greenhouse gas and other pollutants and to spur future economic growth. This study's focus on science, technology, and economic policy makes it a valuable resource to guide support that produces innovation to meet energy challenges now and for the future.

Electricity Transmission Pricing and Technology

Author : Michael A. Einhorn
Publisher : Springer Science & Business Media
ISBN 13 : 9400918046
Total Pages : 289 pages
Book Rating : 4.4/5 (9 download)

DOWNLOAD NOW!

Book Synopsis Electricity Transmission Pricing and Technology by : Michael A. Einhorn

Download or read book Electricity Transmission Pricing and Technology written by Michael A. Einhorn and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: The electric utility industry and its stakeholders in the. United States appear to be at a critical juncture in time. Powerful forces of global proportions are propelling the industry instinctively and in a secular fashion towards restructuring. That the industry will change is a fait accomplii. The nature and timing of the change is still a matter of intense debate, however. Because of the evolution of the industry into its present-day form, i.e. regulated local monopolies in their designated franchise service territories, the relative roles and expectations of various institutions would have to change to conform to the new state in the future. In either encouraging, or allowing this change to happen, society is essentially saying that future societal welfare would be better served by the changed structure contemplated. What that assumption translates into in more direct terms is that creation of future wealth would be better accomplished through redistribution of wealth today. Thoughtful individuals recognize the enormous responsibility placed upon the various entities empowered with jurisdiction over the timing and nature of the structural change. They are trying hard to bring analytical rigor to bear on the debate. One very critical element of this debate on restructuring is the issue of the treatment of transmission. The issue has been variously labeled transmission access, or pricing. Volumes have been written and spoken on this topic.

Electric Transmission Policy

Author : United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Energy and Air Quality
Publisher :
ISBN 13 :
Total Pages : 184 pages
Book Rating : 4.F/5 ( download)

DOWNLOAD NOW!

Book Synopsis Electric Transmission Policy by : United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Energy and Air Quality

Download or read book Electric Transmission Policy written by United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Energy and Air Quality and published by . This book was released on 2001 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Impact of Market Design on Transmission and Generation Investments in Liberalized Electricity Markets with Zonal Pricing

Author : Christian Sölch
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (112 download)

DOWNLOAD NOW!

Book Synopsis The Impact of Market Design on Transmission and Generation Investments in Liberalized Electricity Markets with Zonal Pricing by : Christian Sölch

Download or read book The Impact of Market Design on Transmission and Generation Investments in Liberalized Electricity Markets with Zonal Pricing written by Christian Sölch and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Tackling Investment Challenges in Power Generation

Author : International Energy Agency
Publisher : OECD Publishing
ISBN 13 :
Total Pages : 216 pages
Book Rating : 4.3/5 (91 download)

DOWNLOAD NOW!

Book Synopsis Tackling Investment Challenges in Power Generation by : International Energy Agency

Download or read book Tackling Investment Challenges in Power Generation written by International Energy Agency and published by OECD Publishing. This book was released on 2007 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: What are the recent trends and prospects for investment in power generation? What are the main drivers and barriers? This book assesses these issues and gives special emphasis to the question of how uncertainties may affect investment decisions. Uncertainties on CO 2 constraints, on power plant licensing, on acceptability of nuclear power, on local opposition to any new energy infrastructure, on government support for specific generation technologies and on government policies on energy efficiency are particularly disturbing. Market liberalisation can also be a key uncertainty, but this may be greatly reduced and deliver considerable benefits if liberalisation is implemented whole-heartedly and backed by on-going government commitment.

Designing Competitive Electricity Markets

Author : Hung-po Chao
Publisher : Springer
ISBN 13 : 079238282X
Total Pages : 212 pages
Book Rating : 4.7/5 (923 download)

DOWNLOAD NOW!

Book Synopsis Designing Competitive Electricity Markets by : Hung-po Chao

Download or read book Designing Competitive Electricity Markets written by Hung-po Chao and published by Springer. This book was released on 1998-09-30 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume contains papers that were discussed at the fust workshop on Markets for Electricity: Economics and Technology (MEET) held at Stanford University on March 7-8, 1997. The workshop's focus was how to design competitive electricity markets in an industry undergoing rapid changes in both economics and technology. We are very appreciative of the generous funding support provided by Dr. Gail McCarthy, Director of Strategic Science and Technology at Electric Power Research Institute. We would like to acknowledge all the workshop participants, including Paul Joskow, Martin Baughman, William Hogan, Robert Wilson, Granger Morgan, Paul Kleindorfer, Shmuel Oren, Edward Kahn, Stephen Rassenti, Stephen Stofl:, Stephen Peck, Victor Niemeyer, Jeremy Bloom, Martin Weinberger and Al Pak, for their significant contributions in discussing these issues at that workshop. CONTRIBUTING AUTHORS Martin L. Baughman is Professor of Electrical and Computer Engineering, University of Texas at Austin. Hung-po Chao is Area Manager of Policy and Risk Analysis, Electric Power Research Institute, Palo Alto, California, and Consulting Professor with Department of Engineering-Economic Systems and Operations Research, Stanford University. William W. Hogan is Lucius N. Littauer Professor of Public Policy and Administration, John F. Keunedy School of Government, Harvard University, Cambridge, Massachusetts and Senior Advisor, Putnam, Hayes & Bartlett, Inc., Cambridge, Massachusetts. Hillard G. Huntington is Executive Director, Energy Modeling Forum, Stanford University, Stanford, California. Paul L. Joskow is Elizabeth and JamesKillian Professor of Economics, Massachusetts Institute of Technology, Cambridge, Massachusetts. Edward P. Kahn is Vice President, National Economic Research Associates, San Francisco, Califonria.

Competitive Electricity Markets

Author : Fereidoon Sioshansi
Publisher : Elsevier
ISBN 13 : 0080557716
Total Pages : 625 pages
Book Rating : 4.0/5 (85 download)

DOWNLOAD NOW!

Book Synopsis Competitive Electricity Markets by : Fereidoon Sioshansi

Download or read book Competitive Electricity Markets written by Fereidoon Sioshansi and published by Elsevier. This book was released on 2011-10-10 with total page 625 pages. Available in PDF, EPUB and Kindle. Book excerpt: After 2 decades, policymakers and regulators agree that electricity market reform, liberalization and privatization remains partly art. Moreover, the international experience suggests that in nearly all cases, initial market reform leads to unintended consequences or introduces new risks, which must be addressed in subsequent “reform of the reforms. Competitive Electricity Markets describes the evolution of the market reform process including a number of challenging issues such as infrastructure investment, resource adequacy, capacity and demand participation, market power, distributed generation, renewable energy and global climate change. Sequel to Electricity Market Reform: An International Perspective in the same series published in 2006 Contributions from renowned scholars and practitioners on significant electricity market design and implementation issues Covers timely topics on the evolution of electricity market liberalization worldwide

Transmission Embedded Cost Allocation Under Open Access in Restructured Electricity Market

Author : Sanjay B. Warkad
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

DOWNLOAD NOW!

Book Synopsis Transmission Embedded Cost Allocation Under Open Access in Restructured Electricity Market by : Sanjay B. Warkad

Download or read book Transmission Embedded Cost Allocation Under Open Access in Restructured Electricity Market written by Sanjay B. Warkad and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electricity Power sector around the world is witnessed reforms from traditional regulated regime to a deregulated system. Under such environment electricity transmission sector is separated from Generation and Distribution. This natural monopoly further allow public and private sector to use existing transmission facility under “Open Access”. Under such structure, it is essential to system owner and operator to form a rational and transparent costing mechanism for independent transactions by the third party. This costing mechanism in terms of price should provide the correct economic signals to each market participants, to ensure market investment, reliability and secure and reliable operation of power system. Several methods and approaches have been investigated for allocation of transaction to recover embedded cost with varying degree of success. This study demonstrates conventional Postage Stamp, MW-Mile and MVA-Mile methods based on optimal power flow approach. The said methodology is implemented on practical power system for Maharashtra State Electricity Transmission Company Limited, India. The purpose of study is to recover and share transmission cost in term of tariff subject to system security and reliability of the power system. The results are computed and compared for power system conditions. This study concludes that the proposed methodology is suitable to recover embedded cost, ensures the economic advantages, system security and reliability of the power system and suitable for practical power system.

Power System Economics

Author : Steven Stoft
Publisher : Wiley-IEEE Press
ISBN 13 : 9780471150404
Total Pages : 498 pages
Book Rating : 4.1/5 (54 download)

DOWNLOAD NOW!

Book Synopsis Power System Economics by : Steven Stoft

Download or read book Power System Economics written by Steven Stoft and published by Wiley-IEEE Press. This book was released on 2002-05-28 with total page 498 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first systematic presentation of electricity market design-from the basics to the cutting edge. Unique in its breadth and depth. Using examples and focusing on fundamentals, it clarifies long misunderstood issues-such as why today's markets are inherently unstable. The book reveals for the first time how uncoordinated regulatory and engineering policies cause boom-bust investment swings and provides guidance and tools for fixing broken markets. It also takes a provocative look at the operation of pools and power exchanges. * Part 1 introduces key economic, engineering and market design concepts. * Part 2 links short-run reliability policies with long-run investment problems. * Part 3 examines classic designs for day-ahead and real-time markets. * Part 4 covers market power, and * Part 5 covers locational pricing, transmission right and pricing losses. The non-technical introductions to all chapters allow easy access to the most difficult topics. Steering an independent course between ideological extremes, it provides background material for engineers, economists, regulators and lawyers alike. With nearly 250 figures, tables, side bars, and concisely-stated results and fallacies, the 44 chapters cover such essential topics as auctions, fixed-cost recovery from marginal cost, pricing fallacies, real and reactive power flows, Cournot competition, installed capacity markets, HHIs, the Lerner index and price caps. About the Author Steven Stoft has a Ph.D. in economics (U.C. Berkeley) as well as a background in physics, math, engineering, and astronomy. He spent a year inside FERC and now consults for PJM, California and private generators. Learn more at www.stoft.com.

Electricity Auctions

Author : Luiz Maurer
Publisher : World Bank Publications
ISBN 13 : 082138824X
Total Pages : 181 pages
Book Rating : 4.8/5 (213 download)

DOWNLOAD NOW!

Book Synopsis Electricity Auctions by : Luiz Maurer

Download or read book Electricity Auctions written by Luiz Maurer and published by World Bank Publications. This book was released on 2011-07-25 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electricity-contract auctions have been getting increased attention as they have emerged as a successful mechanism to procure new generation capacity and. This book presents a comprehensive overview of international experiences in auction design and implementation.

Transmission Grid Access and Pricing in Norway, Spain, and California

Author :
Publisher :
ISBN 13 :
Total Pages : 17 pages
Book Rating : 4.:/5 (684 download)

DOWNLOAD NOW!

Book Synopsis Transmission Grid Access and Pricing in Norway, Spain, and California by :

Download or read book Transmission Grid Access and Pricing in Norway, Spain, and California written by and published by . This book was released on 1999 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: The openness of the transmission grid and the incentives given by transmission pricing form the foundation for retail and wholesale competition in the electricity market. The deregulated markets of Norway, Spain, and California all have introduced retail access and wholesale competition, although with different approaches to pricing of transmission grid services. This paper will briefly describe the three different solutions, and discuss some of their implications. Of the three electricity systems, Norway was the first to open the grid to competition in electricity trade. The Norwegian Energy Law of 1990 introduced open competition to wholesale and retail trade starting January 1991. In Spain, the Electricity Law of 1997 came into force early in 1998. Wholesale and retail markets in California were opened for competition on April 1, 1998, following the passage of Assembly Bill 1890, in August 1996. Introducing competition in electricity markets also implies introducing Third Party Access to the transmission grid. All potential competitors have to be given access to the grid in order to compete, no matter who owns the actual wires. This principle raises several challenges, notably, how to price transmission services. Who is to pay for which transmission services? The Norwegian grid is divided into three levels depending on its function. The transmission grid includes all parts of the national grid having a transmission function, meaning that some lower voltage levels also are included. In Spain, the definition of the transmission grid is similar, including the 400 kV and 220 kV national grid as well as lower voltage installations that could affect transmission operation or generation dispatch. For historic reasons, wholesale electricity transactions in the US are regulated by the federal government through the FERC. However, operations of utility systems within one state fall primarily under state jurisdiction. Because the utility systems in California generally are large and exchanges between them limited, the role of FERC was small prior to restructuring, although the state is a large importer of power.

Power Market Structure

Author : Maria Vagliasindi
Publisher : World Bank Publications
ISBN 13 : 0821395564
Total Pages : 394 pages
Book Rating : 4.8/5 (213 download)

DOWNLOAD NOW!

Book Synopsis Power Market Structure by : Maria Vagliasindi

Download or read book Power Market Structure written by Maria Vagliasindi and published by World Bank Publications. This book was released on 2013-03-28 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current distribution of power markets around intermediate structures that fall between the two extremes of full integration and unbundling suggests that there has not been a linear path to power market structure reform. Rather, many developing countries may retain intermediate structures into the foreseeable future. This possibility exposes a gap in the understanding of power market structures, since most theoretical work has focused on the two extreme possibilities and there is limited evidence of the impact of unbundling for developing countries. Power Market Structure takes a novel analytical approach to modeling market structure, together with ownership and regulation, in determining performance across several indicators, including access, operational and financial performance, and environmental sustainability. Its conclusions--which will be of particular interest to policy makers, academics, and development practitioners--reflect evidence drawn from statistical analysis and a representative sample of 20 case studies, selected based on initial conditions such as income and power system size. The key result of the analysis is that unbundling delivers results when used as an entry point to implementing broader reforms, particularly introducing a sound regulatory framework, and reducing the degree of concentration of the generation and distribution segments of the market by attracting additional public and private players and greater private sector participation. In addition, there seems to be a credible empirical basis for selecting a threshold power system size and per capita income level below which unbundling of the power supply chain is not expected to be worthwhile. Partial forms of vertical unbundling do not appear to drive improvements. The most likely reason is that the owner was able to continue exercising control over the affairs of the sector and hinder the development of competitive pressure within the power market.