Energy Market Experience Lessons from Liberalised Electricity Markets : Energy Market Experience.

Description

This book assesses experience in reforming electricity markets in OECD countries over the past decade, focusing on the issues that are critical for successful liberalisation. Experiences and examples in the study are drawn mainly from the UK, Australian, Nordic and North Eastern United States (the PJM interconnection) markets, which have all operated with considerable success for a number of years. The issues covered in the study are: the rationale and benefits of liberalisation; the governance required to create effective competition; the role of prices and transparent wholesale markets; cons.  Read more... Executive Summary Introduction Chapter 1 1 Electricity prices paid by end-consumers 2 Flow over interconnectors between western Denmark and Norway, and western Denmark and Sweden 3 Employment in electricity, gas and water Chapter 2 4 A new model for the electricity sector 1 Models for unbundling of transmission system operation 5 Timeline for planning and operation Chapter 3 6 Supply and demand in liberalised electricity markets 7 Electricity trade between two areas 8 Reservoir levels in Norway and Sweden, trade between Norway and Sweden, and Nord Pool spot price, 2002-2004Chapter 4 2 Liquidity in various electricity markets: turnover in different market segments as share of total consumption, 2004 9 Year in which all consumers are allowed to switch retailer 3 Switching rates amongst contestable customers: number of customers no longer supplied by incumbent retailer as share of total number of residential and non-residential customers Chapter 5 4 Price caps in PJM, Australian, British and Nordic markets 10 Average monthly prices in national electricity market, Australia11 Installed capacity principal power stations in National Electricity Market, Australia 12 Price duration curves for the highest percent in South Australia 13 Price duration curves: national electricity market, Australia 14 Nord Pool forward prices, yearly contract, three years ahead 15 Demand participation improves market and system performance 5 Demand participation: committed by system operators with minimum additional assessed and observed demand participation 16 Annual average increase in length of 220-400 kV transmission lines in 16 European countriesChapter 6 17 The value chain for reliable electricity supply: Energy security, adequacy and system security 18 Wind power production and Nord Pool day-ahead prices in western Denmark, December 2003 19 Wind power production in western Denmark and trade with Nordic neighbours Annex 1 Annex 2 Annex 3 Annex 4 References