A Review on Institutional Framework, Principles, and Key Elements for Integrated Electricity Market: Implications for ASEAN

Tsani Rakhmah and Yanfei Li

No DP-2016-26, Working Papers from Economic Research Institute for ASEAN and East Asia (ERIA)

Abstract: ASEAN member countries are becoming large energy consumers and growing participants in the global energy market. Cross-border electricity trade becomes increasingly important particularly in the context of fast-rising energy demand and growing urban population. This paper attempts to set out the common principles, methodologies, institutions, and structure for designing an integrated cross-border electricity market and delivering practical policy implications for ASEAN. To allow cross-border electricity trade, the region will need a target model, common vision, and principles that govern electricity market and grid operation. In the country level, energy prices administratively determined by the government should be shifted to market-oriented pricing mechanism. Integrated electricity market has an enormous potential that can be realised at reasonable costs. When individual countries pursue regional cooperation mechanism to secure their energy supply, investment comes and contributes to optimisation of available energy resources throughout the region.

Keywords: electricity market; operational planning; ASEAN; European Union (search for similar items in EconPapers)
JEL-codes: N75 Q40 Q48 (search for similar items in EconPapers)
Pages: 37 pages.
Date: 2016-10
New Economics Papers: this item is included in nep-ene and nep-sea
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Citations: View citations in EconPapers (2)

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