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ASEAN ELECTRICITY MARKET INTEGRATION: HOW CAN BELT AND ROAD INITIATIVE BRING NEW LIFE TO IT?

Lixia Yao, Philip Andrews-Speed and Xunpeng Shi ()
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Lixia Yao: Energy Studies Institute, National University of Singapore, Singapore, 119620
Philip Andrews-Speed: Energy Studies Institute, National University of Singapore, Singapore, 119620

The Singapore Economic Review (SER), 2021, vol. 66, issue 01, 85-103

Abstract: This paper assesses how China’s Belt and Road Initiative (BRI) can bring investment and technology into ASEAN and its impact on ASEAN’s electricity market. With the theoretical framework of scenario analysis, this paper provides three scenarios for ASEAN electricity market integration: the Lao PDR–Thailand–Malaysia–Singapore (LTMS) arrangement, a power exchange between heterogeneous grids in the Greater Mekong Sub-region (GMS) region, and a fully competitive electricity market with a fully-developed ASEAN Power Grid (APG). Based on these scenarios, the paper examines the extent to which the BRI can assist electricity market integration in the ASEAN region. It is found that BRI can best fit with and facilitate the first scenario. Given the uncertain outlook for the electricity market integration in the GMS region, how China’s BRI can play a role in facilitating the GMS electricity market integration is not clear under the second scenario. Further, BRI may be less helpful in the third scenario in which the region’s master plan of APG would be realized. In any sense, how BRI can fit with and facilitate ASEAN’s electricity market integration would more depend on the host countries rather than the Chinese side.

Keywords: ASEAN; Belt and Road Initiative; electricity market integration (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1142/S0217590819500413

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