Institutional Arrangements for the Promotion of Regional Integration of Electricity Markets : International Experience
This paper focuses on the institutional arrangements needed for facilitating regional electricity cooperation. The paper begins by discussing the theory of international trade cooperation in electricity, with a view to discussing what preconditions...
| Main Authors: | , |
|---|---|
| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2014/06/19732154/institutional-arrangements-promotion-regional-integration-electricity-markets-international-experience-vol-1 http://hdl.handle.net/10986/19376 |
| id |
okr-10986-19376 |
|---|---|
| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING APPROACH AUCTION AUCTIONS AVAILABILITY BENEFIT ANALYSIS BERTRAND COMPETITION BID BIDDING BIDS BORDER ELECTRICITY TRADE BORDER TRADE BORDER TRANSMISSION CAPACITY BUILDING CAPITAL MARKET CAPITAL MARKET LIBERALIZATION COAL COMPARATIVE ADVANTAGE COMPETITIVE MARKET CONFLICTS OF INTEREST COST OF ELECTRICITY COST SAVINGS COST-BENEFIT ANALYSES CURRENCY DECISION MAKING DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT BANK DEVELOPMENT FINANCE DIESEL DISTRIBUTION OF ELECTRICITY DOMESTIC ENERGY DOMESTIC MARKET ECONOMIC ACTIVITY ECONOMICS ECONOMIES OF SCALE EFFICIENT MARKET ELECTRIC GRID ELECTRIC POWER ELECTRIC POWER PRODUCERS ELECTRICAL INTERCONNECTION ELECTRICAL LOADS ELECTRICITY ELECTRICITY CONSUMERS ELECTRICITY CONSUMPTION ELECTRICITY DEMAND ELECTRICITY DIRECTIVES ELECTRICITY GENERATION ELECTRICITY LIBERALIZATION ELECTRICITY MARKET ELECTRICITY MARKET REFORMS ELECTRICITY MARKETS ELECTRICITY NETWORK ELECTRICITY PRICE ELECTRICITY PRICES ELECTRICITY PRODUCERS ELECTRICITY PRODUCTION ELECTRICITY REGULATORS ELECTRICITY SALES ELECTRICITY SECTOR ELECTRICITY SUPPLIERS ELECTRICITY SUPPLY ELECTRICITY SYSTEM ELECTRICITY TRADING ELECTRICITY TRANSMISSION ELECTRIFICATION EMISSIONS ENERGY BILLS ENERGY DEMAND ENERGY DEVELOPMENT ENERGY GENERATION ENERGY MARKETS ENERGY NEEDS ENERGY PRICE ENERGY PRODUCTION ENFORCEMENT MECHANISM ENTRY BARRIERS ENVIRONMENTAL ENVIRONMENTAL POLICIES ENVIRONMENTAL POLICY FAIR FEASIBILITY STUDIES FEASIBILITY STUDY FINANCIAL MARKETS FINANCIAL SUPPORT FOREIGN CAPITAL FOSSIL FUEL FUEL COSTS GAS GENERATION GENERATION CAPACITY GENERATION OF ELECTRICITY GENERATORS GOVERNMENT REVENUE HUMAN DEVELOPMENT HUMAN RESOURCES HYDRO POWER HYDROPOWER INCOME TAXES INDUSTRIAL PRICES INFRASTRUCTURE DEVELOPMENTS INSTITUTIONAL DEVELOPMENT INSTITUTIONAL DEVELOPMENTS INSURANCE INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL MARKET INTERNATIONAL TRADE INTERNATIONAL TRANSACTIONS INVESTMENT BANK LEGAL SYSTEM MARGINAL COST MARGINAL COSTS MARKET CLEARING PRICES MARKET CONSTRAINT MARKET DESIGN MARKET EFFICIENCY MARKET INTEGRATION MARKET LIBERALIZATION MARKET PARTICIPANTS MARKET PLAYERS MARKET POWER MARKET PRICE MARKET PRICES MARKET REFORMS MARKET RISKS MARKET SHARE MARKET TRADERS MARKET TRANSACTIONS MONOPOLIES MONOPOLY MULTILATERAL LENDERS OIL OLIGOPOLIES PEAK CAPACITY PEAK DEMAND PLANT OPERATIONS POLLUTION POWER PLANT POWER PLANTS POWER PRICES POWER PRODUCERS POWER SECTORS POWER SHORTAGES POWER STATIONS POWER SYSTEM POWER SYSTEMS PREDATORY PRICING PRICE DISTORTION PRICE EFFECT PRICE FLUCTUATIONS PRICE LEVELS PRICE OF POWER PRICE RISKS PRICE SETTING PRICE VOLATILITY REGULATORY OVERSIGHT RENEWABLE ENERGY RESERVE RESERVES RISK PROFILE SALE SALES SETTLEMENT SHAREHOLDERS SIDE PAYMENTS SPOT MARKET SPOT MARKETS SPREAD SUBSTITUTE SUPPLIER SUPPLIERS SUPPLY FUNCTION SURPLUS TAX TRADE LIBERALIZATION TRADING TRADING SYSTEM TRANSACTION TRANSACTION COST TRANSMISSION CAPACITY TRANSMISSION CONSTRAINTS TRANSMISSION GRID TRANSMISSION LINE TRANSMISSION LINES TRANSMISSION ORGANIZATIONS TRANSMISSION SYSTEM TRANSPARENCY TREATY UTILITIES VARIABLE COST VOLTAGE WHOLESALE POWER WHOLESALE PRICES WILLINGNESS TO PAY WIND |
| spellingShingle |
ACCOUNTING APPROACH AUCTION AUCTIONS AVAILABILITY BENEFIT ANALYSIS BERTRAND COMPETITION BID BIDDING BIDS BORDER ELECTRICITY TRADE BORDER TRADE BORDER TRANSMISSION CAPACITY BUILDING CAPITAL MARKET CAPITAL MARKET LIBERALIZATION COAL COMPARATIVE ADVANTAGE COMPETITIVE MARKET CONFLICTS OF INTEREST COST OF ELECTRICITY COST SAVINGS COST-BENEFIT ANALYSES CURRENCY DECISION MAKING DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT BANK DEVELOPMENT FINANCE DIESEL DISTRIBUTION OF ELECTRICITY DOMESTIC ENERGY DOMESTIC MARKET ECONOMIC ACTIVITY ECONOMICS ECONOMIES OF SCALE EFFICIENT MARKET ELECTRIC GRID ELECTRIC POWER ELECTRIC POWER PRODUCERS ELECTRICAL INTERCONNECTION ELECTRICAL LOADS ELECTRICITY ELECTRICITY CONSUMERS ELECTRICITY CONSUMPTION ELECTRICITY DEMAND ELECTRICITY DIRECTIVES ELECTRICITY GENERATION ELECTRICITY LIBERALIZATION ELECTRICITY MARKET ELECTRICITY MARKET REFORMS ELECTRICITY MARKETS ELECTRICITY NETWORK ELECTRICITY PRICE ELECTRICITY PRICES ELECTRICITY PRODUCERS ELECTRICITY PRODUCTION ELECTRICITY REGULATORS ELECTRICITY SALES ELECTRICITY SECTOR ELECTRICITY SUPPLIERS ELECTRICITY SUPPLY ELECTRICITY SYSTEM ELECTRICITY TRADING ELECTRICITY TRANSMISSION ELECTRIFICATION EMISSIONS ENERGY BILLS ENERGY DEMAND ENERGY DEVELOPMENT ENERGY GENERATION ENERGY MARKETS ENERGY NEEDS ENERGY PRICE ENERGY PRODUCTION ENFORCEMENT MECHANISM ENTRY BARRIERS ENVIRONMENTAL ENVIRONMENTAL POLICIES ENVIRONMENTAL POLICY FAIR FEASIBILITY STUDIES FEASIBILITY STUDY FINANCIAL MARKETS FINANCIAL SUPPORT FOREIGN CAPITAL FOSSIL FUEL FUEL COSTS GAS GENERATION GENERATION CAPACITY GENERATION OF ELECTRICITY GENERATORS GOVERNMENT REVENUE HUMAN DEVELOPMENT HUMAN RESOURCES HYDRO POWER HYDROPOWER INCOME TAXES INDUSTRIAL PRICES INFRASTRUCTURE DEVELOPMENTS INSTITUTIONAL DEVELOPMENT INSTITUTIONAL DEVELOPMENTS INSURANCE INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL MARKET INTERNATIONAL TRADE INTERNATIONAL TRANSACTIONS INVESTMENT BANK LEGAL SYSTEM MARGINAL COST MARGINAL COSTS MARKET CLEARING PRICES MARKET CONSTRAINT MARKET DESIGN MARKET EFFICIENCY MARKET INTEGRATION MARKET LIBERALIZATION MARKET PARTICIPANTS MARKET PLAYERS MARKET POWER MARKET PRICE MARKET PRICES MARKET REFORMS MARKET RISKS MARKET SHARE MARKET TRADERS MARKET TRANSACTIONS MONOPOLIES MONOPOLY MULTILATERAL LENDERS OIL OLIGOPOLIES PEAK CAPACITY PEAK DEMAND PLANT OPERATIONS POLLUTION POWER PLANT POWER PLANTS POWER PRICES POWER PRODUCERS POWER SECTORS POWER SHORTAGES POWER STATIONS POWER SYSTEM POWER SYSTEMS PREDATORY PRICING PRICE DISTORTION PRICE EFFECT PRICE FLUCTUATIONS PRICE LEVELS PRICE OF POWER PRICE RISKS PRICE SETTING PRICE VOLATILITY REGULATORY OVERSIGHT RENEWABLE ENERGY RESERVE RESERVES RISK PROFILE SALE SALES SETTLEMENT SHAREHOLDERS SIDE PAYMENTS SPOT MARKET SPOT MARKETS SPREAD SUBSTITUTE SUPPLIER SUPPLIERS SUPPLY FUNCTION SURPLUS TAX TRADE LIBERALIZATION TRADING TRADING SYSTEM TRANSACTION TRANSACTION COST TRANSMISSION CAPACITY TRANSMISSION CONSTRAINTS TRANSMISSION GRID TRANSMISSION LINE TRANSMISSION LINES TRANSMISSION ORGANIZATIONS TRANSMISSION SYSTEM TRANSPARENCY TREATY UTILITIES VARIABLE COST VOLTAGE WHOLESALE POWER WHOLESALE PRICES WILLINGNESS TO PAY WIND Oseni, Musiliu O. Pollitt, Michael G. Institutional Arrangements for the Promotion of Regional Integration of Electricity Markets : International Experience |
| geographic_facet |
Central America Southern Africa West Africa Eastern Europe Ireland UNITED STATES |
| relation |
Policy Research Working Paper;No. 6947 |
| description |
This paper focuses on the institutional
arrangements needed for facilitating regional electricity
cooperation. The paper begins by discussing the theory of
international trade cooperation in electricity, with a view
to discussing what preconditions might be important in
facilitating wide area trading across national borders. It
then discusses two sets of case studies. The first set
focuses on three regional developing country power pools --
the Southern African Power Pool, the West African Power
Pool, and the Central American Power Market. The second set
focuses on three regional power pools in more developed
countries -- one in the United States, the Single
Electricity Market in Ireland, and the South East Europe
market. These cases highlight the potential and difficulty
of having cross-jurisdictional power pools. In the light of
the theory and evidence presented, key lessons are drawn in
the areas of preconditions for trading, necessary
institutional arrangements, practicalities of timetabling,
reasons to be hopeful about future prospects, and
suggestions for future research. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Oseni, Musiliu O. Pollitt, Michael G. |
| author_facet |
Oseni, Musiliu O. Pollitt, Michael G. |
| author_sort |
Oseni, Musiliu O. |
| title |
Institutional Arrangements for the Promotion of Regional Integration of Electricity Markets : International Experience |
| title_short |
Institutional Arrangements for the Promotion of Regional Integration of Electricity Markets : International Experience |
| title_full |
Institutional Arrangements for the Promotion of Regional Integration of Electricity Markets : International Experience |
| title_fullStr |
Institutional Arrangements for the Promotion of Regional Integration of Electricity Markets : International Experience |
| title_full_unstemmed |
Institutional Arrangements for the Promotion of Regional Integration of Electricity Markets : International Experience |
| title_sort |
institutional arrangements for the promotion of regional integration of electricity markets : international experience |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2014/06/19732154/institutional-arrangements-promotion-regional-integration-electricity-markets-international-experience-vol-1 http://hdl.handle.net/10986/19376 |
| _version_ |
1764443757806092288 |
| spelling |
okr-10986-193762021-04-23T14:03:51Z Institutional Arrangements for the Promotion of Regional Integration of Electricity Markets : International Experience Oseni, Musiliu O. Pollitt, Michael G. ACCOUNTING APPROACH AUCTION AUCTIONS AVAILABILITY BENEFIT ANALYSIS BERTRAND COMPETITION BID BIDDING BIDS BORDER ELECTRICITY TRADE BORDER TRADE BORDER TRANSMISSION CAPACITY BUILDING CAPITAL MARKET CAPITAL MARKET LIBERALIZATION COAL COMPARATIVE ADVANTAGE COMPETITIVE MARKET CONFLICTS OF INTEREST COST OF ELECTRICITY COST SAVINGS COST-BENEFIT ANALYSES CURRENCY DECISION MAKING DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT BANK DEVELOPMENT FINANCE DIESEL DISTRIBUTION OF ELECTRICITY DOMESTIC ENERGY DOMESTIC MARKET ECONOMIC ACTIVITY ECONOMICS ECONOMIES OF SCALE EFFICIENT MARKET ELECTRIC GRID ELECTRIC POWER ELECTRIC POWER PRODUCERS ELECTRICAL INTERCONNECTION ELECTRICAL LOADS ELECTRICITY ELECTRICITY CONSUMERS ELECTRICITY CONSUMPTION ELECTRICITY DEMAND ELECTRICITY DIRECTIVES ELECTRICITY GENERATION ELECTRICITY LIBERALIZATION ELECTRICITY MARKET ELECTRICITY MARKET REFORMS ELECTRICITY MARKETS ELECTRICITY NETWORK ELECTRICITY PRICE ELECTRICITY PRICES ELECTRICITY PRODUCERS ELECTRICITY PRODUCTION ELECTRICITY REGULATORS ELECTRICITY SALES ELECTRICITY SECTOR ELECTRICITY SUPPLIERS ELECTRICITY SUPPLY ELECTRICITY SYSTEM ELECTRICITY TRADING ELECTRICITY TRANSMISSION ELECTRIFICATION EMISSIONS ENERGY BILLS ENERGY DEMAND ENERGY DEVELOPMENT ENERGY GENERATION ENERGY MARKETS ENERGY NEEDS ENERGY PRICE ENERGY PRODUCTION ENFORCEMENT MECHANISM ENTRY BARRIERS ENVIRONMENTAL ENVIRONMENTAL POLICIES ENVIRONMENTAL POLICY FAIR FEASIBILITY STUDIES FEASIBILITY STUDY FINANCIAL MARKETS FINANCIAL SUPPORT FOREIGN CAPITAL FOSSIL FUEL FUEL COSTS GAS GENERATION GENERATION CAPACITY GENERATION OF ELECTRICITY GENERATORS GOVERNMENT REVENUE HUMAN DEVELOPMENT HUMAN RESOURCES HYDRO POWER HYDROPOWER INCOME TAXES INDUSTRIAL PRICES INFRASTRUCTURE DEVELOPMENTS INSTITUTIONAL DEVELOPMENT INSTITUTIONAL DEVELOPMENTS INSURANCE INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL MARKET INTERNATIONAL TRADE INTERNATIONAL TRANSACTIONS INVESTMENT BANK LEGAL SYSTEM MARGINAL COST MARGINAL COSTS MARKET CLEARING PRICES MARKET CONSTRAINT MARKET DESIGN MARKET EFFICIENCY MARKET INTEGRATION MARKET LIBERALIZATION MARKET PARTICIPANTS MARKET PLAYERS MARKET POWER MARKET PRICE MARKET PRICES MARKET REFORMS MARKET RISKS MARKET SHARE MARKET TRADERS MARKET TRANSACTIONS MONOPOLIES MONOPOLY MULTILATERAL LENDERS OIL OLIGOPOLIES PEAK CAPACITY PEAK DEMAND PLANT OPERATIONS POLLUTION POWER PLANT POWER PLANTS POWER PRICES POWER PRODUCERS POWER SECTORS POWER SHORTAGES POWER STATIONS POWER SYSTEM POWER SYSTEMS PREDATORY PRICING PRICE DISTORTION PRICE EFFECT PRICE FLUCTUATIONS PRICE LEVELS PRICE OF POWER PRICE RISKS PRICE SETTING PRICE VOLATILITY REGULATORY OVERSIGHT RENEWABLE ENERGY RESERVE RESERVES RISK PROFILE SALE SALES SETTLEMENT SHAREHOLDERS SIDE PAYMENTS SPOT MARKET SPOT MARKETS SPREAD SUBSTITUTE SUPPLIER SUPPLIERS SUPPLY FUNCTION SURPLUS TAX TRADE LIBERALIZATION TRADING TRADING SYSTEM TRANSACTION TRANSACTION COST TRANSMISSION CAPACITY TRANSMISSION CONSTRAINTS TRANSMISSION GRID TRANSMISSION LINE TRANSMISSION LINES TRANSMISSION ORGANIZATIONS TRANSMISSION SYSTEM TRANSPARENCY TREATY UTILITIES VARIABLE COST VOLTAGE WHOLESALE POWER WHOLESALE PRICES WILLINGNESS TO PAY WIND This paper focuses on the institutional arrangements needed for facilitating regional electricity cooperation. The paper begins by discussing the theory of international trade cooperation in electricity, with a view to discussing what preconditions might be important in facilitating wide area trading across national borders. It then discusses two sets of case studies. The first set focuses on three regional developing country power pools -- the Southern African Power Pool, the West African Power Pool, and the Central American Power Market. The second set focuses on three regional power pools in more developed countries -- one in the United States, the Single Electricity Market in Ireland, and the South East Europe market. These cases highlight the potential and difficulty of having cross-jurisdictional power pools. In the light of the theory and evidence presented, key lessons are drawn in the areas of preconditions for trading, necessary institutional arrangements, practicalities of timetabling, reasons to be hopeful about future prospects, and suggestions for future research. 2014-08-15T18:24:37Z 2014-08-15T18:24:37Z 2014-06 http://documents.worldbank.org/curated/en/2014/06/19732154/institutional-arrangements-promotion-regional-integration-electricity-markets-international-experience-vol-1 http://hdl.handle.net/10986/19376 English en_US Policy Research Working Paper;No. 6947 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Central America Southern Africa West Africa Eastern Europe Ireland UNITED STATES |