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Regulating the Electricity System Operator: Lessons for Great Britain from around the world

Author

Listed:
  • Karim L. Anaya

    (Energy Policy Research Group University of Cambridge)

  • Michael G. Pollitt

    (Energy Policy Research Group University of Cambridge)

Abstract

This study explores the international experience with independent system operators (ISOs) with respect to the incentives that system operators face to operate the electricity network efficiently (from the point of view of society). We look for lessons that we can learn from this experience for the future regulation of the Great Britain (GB) System Operator (National Grid Electricity Transmission). We examine seven ISOs from the USA, where the model seems to be successful but with some cost issues within the system operator itself. We also examine system operators from Australia (AEMO), Chile (SIC/SING) and Peru (COES). Our findings are supported by a short survey that was sent directly to our contacts in the system operators from our sample of ISOs. Against a background of rising distributed renewable generation on the electricity system, we discuss the international experience of ISOs with respect to their incentives to: maximise social welfare; manage the increasing amount of renewables and new participants; manage their overall actions for customers; engage in stakeholder participation and transparency.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Karim L. Anaya & Michael G. Pollitt, 2017. "Regulating the Electricity System Operator: Lessons for Great Britain from around the world," Working Papers EPRG 1718, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
    • Handle: RePEc:enp:wpaper:eprg1718
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    Cited by:

    1. Anaya, Karim L. & Pollitt, Michael G., 2020. "Reactive power procurement: A review of current trends," Applied Energy, Elsevier, vol. 270(C).
    2. Anaya, K. & Pollitt, M., 2018. "Reactive Power Procurement: Lessons from Three Leading Countries," Cambridge Working Papers in Economics 1854, Faculty of Economics, University of Cambridge.
    3. Michael G. Pollitt & Lewis Dale, 2018. "Restructuring the Chinese Electricity Supply Sector – How industrial electricity prices are determined in a liberalized power market: lessons from Great Britain," Working Papers EPRG 1839, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.

    More about this item

    Keywords

    Independent System Operator; Electricity; Regulation;
    All these keywords.

    JEL classification:

    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities

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