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Electricity Market Integration Global Trends and Implications for the EAS Region

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  • Yanrui Wu

    (Business School, University of Western Australia)

Abstract

Electricity market reform has been implemented in many countries and regions in the world. There is no doubt that electricity consumption continues to increase in East Asia. Electricity market integration in East Asia is thus an important component of the energy market integration (EMI) initiatives supported by the East Asian Summit (EAS) group. It is argued that an integrated East Asian electricity market would allow consumers to have access to competing suppliers within or beyond the borders and enable electricity providers in member economies to better deal with peak demand and supply security. The objectives of this study are twofold, namely, a) to present a review of the trends in regional electricity market integration and b) to draw implications for electricity market development in the EAS area. Specifically, this project will review the trends of integration in the world’s major electricity markets and analyze the experience and lessons in those markets. It will provide an examination of the electricity sectors in East Asia in terms of market development and connectivity. It will provide policy recommendations for the promotion of electricity market integration.

Suggested Citation

  • Yanrui Wu, 2012. "Electricity Market Integration Global Trends and Implications for the EAS Region," Economics Discussion / Working Papers 12-19, The University of Western Australia, Department of Economics.
    • Handle: RePEc:uwa:wpaper:12-19
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    File URL: https://www.business.uwa.edu.au/__data/assets/pdf_file/0009/2191770/12-19-Electricity-Market-Integration,-Global-Trends-and-Implications-for-the-EAS-region.pdf
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Dandan ZHANG & Xunpeng SHI & Yu SHENG, 2014. "Enhanced Measurement of Energy Market Integration in East Asia: An Application of Dynamic Principal Component Analysis," Working Papers DP-2014-23, Economic Research Institute for ASEAN and East Asia (ERIA).
    2. repec:era:chaptr:2013-rpr-29-10 is not listed on IDEAS
    3. Zhang, Dandan & Shi, Xunpeng & Sheng, Yu, 2015. "Comprehensive measurement of energy market integration in East Asia: An application of dynamic principal component analysis," Energy Economics, Elsevier, vol. 52(PB), pages 299-305.
    4. Yanfei Li & Youngho Chang & Choo Fook Hoong & Swati Sharma, 2016. "Business Model and Market Design for ASEAN Electricity Market Integration: Principles, Practicalities, and Conditions for Success," Chapters, in: Yanfei Li & Shigeru Kimura (ed.), Achieving an Integrated Electricity Market in Southeast Asia: Addressing the Economic, Technical, Institutional, and Geo-political Barriers, chapter 3, pages 59-108, Economic Research Institute for ASEAN and East Asia (ERIA).
    5. Aalto, Pami, 2014. "Institutions in European and Asian energy markets: A methodological overview," Energy Policy, Elsevier, vol. 74(C), pages 4-15.

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