Integrating market and bilateral power trading in the Southern African Power Pool
Amy Rose,
Robert Stoner and
Ignacio Pérez-Arriaga
No wp-2016-132, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)
Abstract:
High levels of inflexible bilateral trade in southern Africa have limited the participation in the competitive short-term markets, leading to inefficient use of energy infrastructure and blocking the Southern African Power Pool's long-term goal of transitioning from a cooperative to competitive market. Under the current supply and investment climate, governments and market participants are unlikely to forego their preference for long-term contracts owing to concerns about security of supply and risk mitigation.
Keywords: Bilateral contract; Market design (search for similar items in EconPapers)
Date: 2016
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