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Table Of Contents

EXECUTIVE SUMMARY
INTRODUCTION
Indicators of Success
Distributing the Benefits of Liberalisation
Competitive Markets Replace Vertically Integrated Utilities
Timeline for planning and operation
Legislative and Regulatory Framework for Effective Competition
Regulating Competition
PRICE SIGNALS ARE THE GLUE
Prices to Reflect the Inherently Volatile Nature of Electricity
Supply and demand in liberalised electricity markets
Locational Pricing
Electricity trade between two areas
Markets for Ancillary Services
Cross-border Trade Creates Benefits
Power Utilities Use Contracts to Manage Risks
Contracts Offer Protection for Consumers
Retail Competition
Year in which all consumers are allowed to switch retailer
Market-driven Investment in Generation
Price caps in PJM, Australian, British and Nordic markets /MWh
Average monthly prices in national electricity market, Australia
Price duration curves for the highest percent in South Australia
Demand Participation as an Alternative
Demand participation improves market and system performance
Planned Investment and Capacity Measures
Investment in Transmission Networks
Co-ordination of Transmission Investment
Reliability of Supply in Liberalised Electricity Markets
Addressing Environmental Issues and Climate Change
ANNEX 2: THE NORDIC ELECTRICITY MARKET
REFERENCES
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Lessons Liberal is Ed Electricity Markests

Lessons Liberal is Ed Electricity Markests

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Published by Julio Molina

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Published by: Julio Molina on Jul 18, 2011
Copyright:Attribution Non-commercial

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