Ways to Enhance Efficiency and Reduce Emissions in the Electricity Markets in Singapore and China

Muhammad Mohsin, Han Phoumin and Farhad Taghizadeh-Hesary

Chapter 7 in Electricity Market Reforms in the ASEAN, China, India, and Japan, 2023, pp 167-190 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This chapter investigates efficiency determinants in electricity markets. This case study examines three possible futures for the electricity industry in China and Singapore: business-as-usual, energy efficiency improvement, and regulation and incentive improvement. A panel dataset spanning 1995–2018 was subjected to cross-sectional analysis using data envelopment analysis and Tobit regression. According to empirical data, these reforms would reduce fossil fuel consumption and carbon dioxide emissions by 8.25–12.68%, while removing more than 50% of pollutant emissions at a yearly cost of $45.9–$99.7 billion. In the last 10 years, the electric power sector has reduced sulphur dioxide, nitrous oxide, and particulate matter emission rates by 90%, 88%, and 95%, respectively, as a result of imperatives for the closing of small coal-fired power stations and their substitution with larger ones, as well as air emissions regulations and the utilisation of renewable energy initiatives. Finally, it is suggested that the maximum results of such expenditures can only be achieved if they are considered and involved in the project discovery process rather than just an add-on to demand initiatives.

Keywords: Electricity Market Reform; Market Liberalisation; Tariff Reform; Electricity Trade; Renewable Energy; Resource Allocation; Sustainability; Electricity Market; ASEAN; Southeast Asia; Japan; India; China; Renewable Energy; Energy Transition; Sustainable Electricity Market; Liberalised Electricity Markets; Efficiency; Emission Reduction; Carbon Reduction; Clean Energy; Green Energy; Electricity Tariffs (search for similar items in EconPapers)
JEL-codes: O13 Q01 Q4 Q41 Q42 Q43 Q48 (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789811270581_0007 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789811270581_0007 (text/html)
Ebook Access is available upon purchase.

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:wsi:wschap:9789811270581_0007

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().