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Sustainability assessment of electricity market models in selected developed world countries

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  • Streimikiene, Dalia
  • Siksnelyte, Indre

Abstract

The paper focuses on the impact of electricity market opening on sustainability of electricity market models. The paper aims to identify what electricity market organization models are the best ones based on the established sustainability criteria. The sustainability criteria include the main sustainability aspects of power sector (economic, social, and environmental). The methodology has been designed to evaluate organisational models of electricity market, which allows performing an extensive evaluation, encompassing all aspects of sustainable development. The evaluation methodology, which has been designed for the evaluation of energy market organisation model, provides the basis for the identification of indicators that have the most significant impact on sustainability; also it lays down the premise for the establishment of critical values and possible changes and the analysis of reasons for the changes in sustainability. The paper applies developed model for sustainability assessment of electricity market models in several world countries having different electricity market organisation structures. The selection of 12 developed world countries (11 of them are OECD countries) from various continents was made based on availability of fully liberalized electricity markets in these countries. The proposed assessment allows to review and compare electricity market models in terms of achieving main targets of sustainable power sector development.

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  • Streimikiene, Dalia & Siksnelyte, Indre, 2016. "Sustainability assessment of electricity market models in selected developed world countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 57(C), pages 72-82.
    • Handle: RePEc:eee:rensus:v:57:y:2016:i:c:p:72-82
    DOI: 10.1016/j.rser.2015.12.113
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    5. Atabaki, Mohammad Saeid & Aryanpur, Vahid, 2018. "Multi-objective optimization for sustainable development of the power sector: An economic, environmental, and social analysis of Iran," Energy, Elsevier, vol. 161(C), pages 493-507.
    6. Pratama, Yoga Wienda & Purwanto, Widodo Wahyu & Tezuka, Tetsuo & McLellan, Benjamin Craig & Hartono, Djoni & Hidayatno, Akhmad & Daud, Yunus, 2017. "Multi-objective optimization of a multiregional electricity system in an archipelagic state: The role of renewable energy in energy system sustainability," Renewable and Sustainable Energy Reviews, Elsevier, vol. 77(C), pages 423-439.
    7. Mehtab Alam & Fu-Ren Lin, 2022. "Internalizing Sustainability into Research Practices of Higher Education Institutions: Case of a Research University in Taiwan," Sustainability, MDPI, vol. 14(15), pages 1-30, August.
    8. Khan, Muhammad T. & Thopil, George Alex & Lalk, Jorg, 2016. "Review of proposals for practical power sector restructuring and reforms in a dynamic electricity supply industry," Renewable and Sustainable Energy Reviews, Elsevier, vol. 62(C), pages 326-335.
    9. Mayer, Klaus & Trück, Stefan, 2018. "Electricity markets around the world," Journal of Commodity Markets, Elsevier, vol. 9(C), pages 77-100.
    10. Indre Siksnelyte & Edmundas Kazimieras Zavadskas & Dalia Streimikiene & Deepak Sharma, 2018. "An Overview of Multi-Criteria Decision-Making Methods in Dealing with Sustainable Energy Development Issues," Energies, MDPI, vol. 11(10), pages 1-21, October.
    11. Ecaterina Resniova & Tatiana Ponomarenko, 2021. "Sustainable Development of the Energy Sector in a Country Deficient in Mineral Resources: The Case of the Republic of Moldova," Sustainability, MDPI, vol. 13(6), pages 1-19, March.
    12. Warner, Kevin J. & Jones, Glenn A., 2017. "A population-induced renewable energy timeline in nine world regions," Energy Policy, Elsevier, vol. 101(C), pages 65-76.
    13. Thomasi, Virginia & Siluk, Julio Cezar M. & Rigo, Paula D. & Pappis, Cesar Augusto de O., 2024. "Challenges, improvements, and opportunities market with the liberalization of the residential electricity market," Energy Policy, Elsevier, vol. 192(C).

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