Electricity Market Integration Global Trends and Implications for the EAS Region
AbstractElectricity market reform has been implemented in many countries and regions in the world. There is no doubt that electricity consumption continues to increase in East Asia. Electricity market integration in East Asia is thus an important component of the energy market integration (EMI) initiatives supported by the East Asian Summit (EAS) group. It is argued that an integrated East Asian electricity market would allow consumers to have access to competing suppliers within or beyond the borders and enable electricity providers in member economies to better deal with peak demand and supply security. The objectives of this study are twofold, namely, a) to present a review of the trends in regional electricity market integration and b) to draw implications for electricity market development in the EAS area. Specifically, this project will review the trends of integration in the world’s major electricity markets and analyze the experience and lessons in those markets. It will provide an examination of the electricity sectors in East Asia in terms of market development and connectivity. It will provide policy recommendations for the promotion of electricity market integration.
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Bibliographic InfoPaper provided by The University of Western Australia, Department of Economics in its series Economics Discussion / Working Papers with number 12-19.
Length: 30 pages
Date of creation: 2012
Date of revision:
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-10-20 (All new papers)
- NEP-CWA-2012-10-20 (Central & Western Asia)
- NEP-ENE-2012-10-20 (Energy Economics)
- NEP-SEA-2012-10-20 (South East Asia)
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