Universiti Teknologi Malaysia Institutional Repository

The economic benefits of generation revenue assessment in pool-based market model for restructured electricity supply industry

Ngadiron, Z. and Radzi, N. H. and Hassan, M. Y. (2016) The economic benefits of generation revenue assessment in pool-based market model for restructured electricity supply industry. In: 2nd International Conference on Green Design and Manufacture, IConGDM 2016, 1 May 2016 through 2 May 2016, Thailand.

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Abstract

The electricity supply industry had undergo deregulation and restructuring toward becoming a more transparent and competitive electricity market environment. The pool market model is amongst the most preferred electricity market model. Even though it is a safe option to be more competitive and transparent electricity supply industry, there are issues on the welfare of the generators involved. This paper addresses the pricing issue in the pool market by extending the capacity payment mechanism in the single auction power pool. In the proposed model, the approach of minimum capacity payment involving the efficiency of the generators is introduced. A case study is conducted to illustrate the proposed model. An economic analysis is performed to highlight the merits of the proposed model with the pure pool in term of generation revenue. © 2016 The Authors, published by EDP Sciences.

Item Type:Conference or Workshop Item (Paper)
Uncontrolled Keywords:Commerce, Deregulation, Economic analysis, Economics, Electric industry, Lakes Manufacture, Power markets
Subjects:T Technology > TK Electrical engineering. Electronics Nuclear engineering
Divisions:Electrical Engineering
ID Code:73035
Deposited By: Muhammad Atiff Mahussain
Deposited On:26 Nov 2017 08:07
Last Modified:26 Nov 2017 08:07

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