IDEAS home Printed from https://ideas.repec.org/a/sae/soasur/v28y2021i2p263-293.html
   My bibliography  Save this article

Power Trade in South Asia: Developing A Framework Based on Case Studies of Power Trading Arrangements in Europe and Asia

Author

Listed:
  • Priyanshi Chauhan

Abstract

South Asia is the fastest growing region in the world and is experiencing increasing demand for energy. As a result, countries are witnessing an excessive reliance on fuel imports, making themselves vulnerable to external price volatility and compromising on energy security. Power trade in South Asia can meet the challenge of increasing energy demand owing to complementarities in resource endowments and peak demand. Power trade in South Asia has increased over the years but is below potential. However, there are various challenges due to lack of institutional structures and frameworks for developing regional power trade models. The examples of power integration models in Europe, that is, the Nordic power market, and in Southeast Asia, that is, power trade in the Greater Mekong Subregion (GMS), can provide useful lessons and international best practices for regional power trade to be replicated in the South Asian context. Based on this, the objective of this article is to evaluate the existing power trading mechanisms in South Asia, highlight the challenges to regional energy cooperation, outline the necessary instruments and catalysts to promote regional power trade in South Asia based on the case study of successful power trading arrangements, including the Nordic power market in Europe and the Greater Mekong Subregion (GMS) in Southeast Asia, draw on their experiences to identify key mechanisms and develop a template for greater regional cooperation in electricity in South Asia.

Suggested Citation

  • Priyanshi Chauhan, 2021. "Power Trade in South Asia: Developing A Framework Based on Case Studies of Power Trading Arrangements in Europe and Asia," South Asian Survey, , vol. 28(2), pages 263-293, September.
    • Handle: RePEc:sae:soasur:v:28:y:2021:i:2:p:263-293
    DOI: 10.1177/09715231211015824
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/09715231211015824
    Download Restriction: no
    File URL: https://libkey.io/10.1177/09715231211015824?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Bhattacharyya, Subhes C., 2007. "Power sector reform in South Asia: Why slow and limited so far?," Energy Policy, Elsevier, vol. 35(1), pages 317-332, January.
    2. Desai, V.V., 2010. "The Political Economy of Regional Cooperation in South Asia," Working Papers on Regional Economic Integration 54, Asian Development Bank.
    3. Singh,Anoop & Jamasb,Tooraj & Nepal,Rabindra & Toman,Michael A., 2015. "Cross-border electricity cooperation in South Asia," Policy Research Working Paper Series 7328, The World Bank.
    4. Schiff, Maurice & Winters, L. Alan, 2002. "Regional cooperation, and the role of international organizations and regional integration," Policy Research Working Paper Series 2872, The World Bank.
    5. Michael Stamminger, 2010. "Privatisation of Electricity in Delhi," Working Papers id:2669, eSocialSciences.
    6. Pratiksha Chaturvedi & Zaki Hussain & Biswajit Nag, 2015. "SAARC Geopolitics and Trade," South Asian Survey, , vol. 22(1), pages 78-106, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Arina Nikandrova & Jevgenijs Steinbuks, 2017. "Contracting for the second best in dysfunctional electricity markets," Journal of Regulatory Economics, Springer, vol. 51(1), pages 41-71, February.
    2. Hussain, Abid & Sarangi, Gopal K. & Pandit, Anju & Ishaq, Sultan & Mamnun, Nabir & Ahmad, Bashir & Jamil, Muhammad Khalid, 2019. "Hydropower development in the Hindu Kush Himalayan region: Issues, policies and opportunities," Renewable and Sustainable Energy Reviews, Elsevier, vol. 107(C), pages 446-461.
    3. Laffont, Jean-Jacques & Martimort, David, 2005. "The design of transnational public good mechanisms for developing countries," Journal of Public Economics, Elsevier, vol. 89(2-3), pages 159-196, February.
    4. Timilsina,Govinda R. & Toman,Michael A. & Karacsonyi,Jorge G. & de Tena Diego,Luca, 2015. "How much could South Asia benefit from regional electricity cooperation and trade ?," Policy Research Working Paper Series 7341, The World Bank.
    5. Erdogdu, Erkan, 2013. "A cross-country analysis of electricity market reforms: Potential contribution of New Institutional Economics," Energy Economics, Elsevier, vol. 39(C), pages 239-251.
    6. Lee, Seung Oh & Jung, Younghun, 2018. "Efficiency of water use and its implications for a water-food nexus in the Aral Sea Basin," Agricultural Water Management, Elsevier, vol. 207(C), pages 80-90.
    7. Khoung M. Vu & Anjula Gurtoo, 2014. "Utility Sector Performance Post Reforms: Investigating the South Asian Economies," Poverty & Public Policy, John Wiley & Sons, vol. 6(2), pages 157-175, June.
    8. Ghosh, Ranjan & Kathuria, Vinish, 2014. "The transaction costs driving captive power generation: Evidence from India," Energy Policy, Elsevier, vol. 75(C), pages 179-188.
    9. Valter Di Giacinto & Giacinto Micucci & Pasqualino Montanaro, 2012. "Network effects of public transport infrastructure: Evidence on Italian regions," Papers in Regional Science, Wiley Blackwell, vol. 91(3), pages 515-541, August.
    10. Jain, Ritika & Nandan, Amit, 2020. "Electricity prices and firms' decisions and outcomes: The case of India after a decade of the Electricity Act," Energy Economics, Elsevier, vol. 91(C).
    11. Anupama Sen & Rabindra Nepal & Tooraj Jamasb, 2016. "Rethinking electricity sector reform in developing Asia: Balancing economic and environmental objectives," ASARC Working Papers 2016-06, The Australian National University, Australia South Asia Research Centre.
    12. Kaoru Ogino & Mikiyasu Nakayama & Daisuke Sasaki, 2019. "Domestic Socioeconomic Barriers to Hydropower Trading: Evidence from Bhutan and Nepal," Sustainability, MDPI, vol. 11(7), pages 1-19, April.
    13. Jahangir Alam, Mohammad & Ara Begum, Ismat & Buysse, Jeroen & Van Huylenbroeck, Guido, 2012. "Energy consumption, carbon emissions and economic growth nexus in Bangladesh: Cointegration and dynamic causality analysis," Energy Policy, Elsevier, vol. 45(C), pages 217-225.
    14. Amin, Sakib & Jamasb, Tooraj & Nepal, Rabindra, 2021. "Regulatory reform and the relative efficacy of government versus private investment on energy consumption in South Asia," Economic Analysis and Policy, Elsevier, vol. 69(C), pages 421-433.
    15. Grigoris Zarotiadis, 2021. "Looking to the Future: The Historical Acquis on Cooperation in Eastern Europe and the Black Sea as a Cornerstone for a Progressive-European Integration," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 19(1), pages 7-20.
    16. Kundu, Goutam Kumar & Mishra, Bidhu Bhusan, 2011. "Impact of reform and privatization on consumers: A case study of power sector reform in Orissa, India," Energy Policy, Elsevier, vol. 39(6), pages 3537-3549, June.
    17. Steinbuks, Jevgenijs & Satija, Gaurav & Zhao, Fu, 2017. "Sustainability of solar electricity: The role of endogenous resource substitution and cross-sectoral responses," Resource and Energy Economics, Elsevier, vol. 49(C), pages 218-232.
    18. Richard Pomfret, 2006. "Coordinating Aid for Regional Cooperation Projects: The Experience of Central Asia," The Institute for International Integration Studies Discussion Paper Series iiisdp163, IIIS.
    19. Karanfil, Fatih & Li, Yuanjing, 2015. "Electricity consumption and economic growth: Exploring panel-specific differences," Energy Policy, Elsevier, vol. 82(C), pages 264-277.
    20. Gore, Christopher D. & Brass, Jennifer N. & Baldwin, Elizabeth & MacLean, Lauren M., 2019. "Political autonomy and resistance in electricity sector liberalization in Africa," World Development, Elsevier, vol. 120(C), pages 193-209.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:soasur:v:28:y:2021:i:2:p:263-293. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.