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Electricity market models in restructured electricity supply industry

Hassan, M. Y. and Abdullah, M. P. and Arifin, A. S. and Hussin, F. and Majid, M. S. (2008) Electricity market models in restructured electricity supply industry. In: Proceedings of 2008 2nd IEEE International Conference on Power and Energy (PECon 2008) , 2008, Johor Bahru, Johor.

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Official URL: http://dx.doi.org/10.1109/PECON.2008.4762618

Abstract

In the new era of modernity, the competitive environment has spread widely into all sectors including the electricity market. The evolution of electricity market model began since 1980s. A number of electricity market models have been introduced and each model is designed appropriately with its local condition. The selection of the model used depends on the justification determined by power utilities or regulatory policies taking into account the technical and economic aspect point of view. This paper discusses two electricity market models; single buyer market model and pool market model. A case study is carried out to compare the two market models in term of generation revenue. The Independent Power Producers (IPPs) and load profiles in Malaysia Electricity Supply Industry (MESI) is used for the case study.

Item Type:Conference or Workshop Item (Paper)
Uncontrolled Keywords:electricity supply industry (ESI), independent market operation (IMO), single buyer, poor market
Subjects:T Technology > TK Electrical engineering. Electronics Nuclear engineering
Divisions:Electrical Engineering
ID Code:16009
Deposited By: Siti Khairiyah Nordin
Deposited On:13 Oct 2011 14:53
Last Modified:14 Oct 2011 02:24

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