Electricity Trading in Energy Market Integration: A Theoretical Review

Muhumuza Ezra Rubanda, Livingstone Senyonga, Mohammed Ngoma and Muyiwa S. Adaramola ()
Additional contact information
Muhumuza Ezra Rubanda: Faculty of Economics, Energy and Management Science, Makerere University Business School (MUBS), Plot 21A Portbell Road, Nakawa, Kampala P.O. Box 1337, Uganda
Livingstone Senyonga: Faculty of Economics, Energy and Management Science, Makerere University Business School (MUBS), Plot 21A Portbell Road, Nakawa, Kampala P.O. Box 1337, Uganda
Mohammed Ngoma: Faculty of Entrepreneurship and Business Administration, Makerere University Business School (MUBS), Plot 21A Portbell Road, Nakawa, Kampala P.O. Box 1337, Uganda
Muyiwa S. Adaramola: Faculty of Environmental Sciences and Natural Resource Management, Norwegian University of Life Sciences (NMBU), Høgskoleveien 12, 1433 Ås, Norway

Energies, 2022, vol. 16, issue 1, 1-31

Abstract: This paper surveys theory and practice on how a larger and integrated energy market can propel electricity trading through economies of scale. We make a systematic presentation of theories and methods used by various scholars to generate knowledge on integrated electricity markets. We discuss paradigms, concepts, and practices emanating from the complex topic of a unified electricity market with an intent to identify gaps. We conclude that electricity trading in EMI has a propensity to drive both economic integration and sustainable energy access; that crafting ways and means for integrating cross-border systems without sacrificing the local economy could make the idea of EMI more palatable to partner countries; and that adoption of ex ante studies that are non-data oriented could improve the design of upcoming regional electricity markets.

Keywords: energy market integration (EMI); price convergence (PC); energy trade gaming (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/1996-1073/16/1/103/pdf (application/pdf)
https://www.mdpi.com/1996-1073/16/1/103/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jeners:v:16:y:2022:i:1:p:103-:d:1011125

Access Statistics for this article

Energies is currently edited by Ms. Agatha Cao

More articles in Energies from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().