Economic analysis of the electricity market in England and Wales

Cheng, D.T.Y.

doi:10.1109/39.755016

Cited by 14 publications

(6 citation statements)

References 8 publications

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“…In 1990 with privatization of the electricity structure, several dramatic changes were made in the industry. By April 1990, the CEGB was separated into four sections: National Power Company, PowerGen Company, Nuclear Electric Company, and National Grid Company (NGC) (Cheng, 1999). In the transmission industry, since competition could not be introduced, NGC formed a vertically integrated natural monopoly to maintain the transmission system.…”

Section: Electricity Market In United Kingdom (Uk)mentioning

confidence: 99%

Electricity markets: an overview and comparative study

Srivastava

Kamalasadan

Patel

et al. 2011

International Journal of Energy Sector Management

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Purpose -The electric power industry has been moving from a regulated monopoly structure to a deregulated market structure in many countries. The purpose of this study is to comprehensively review the existing markets to study advantages, issues involved and lessons learnt to benefit emerging electricity markets. Design/methodology/approach -The paper employs a comprehensive review of existing competitive electricity market models in USA (California), UK, Australia, Nordic Countries (Norway), and developing country (Chile) to analyze the similarities, differences, weaknesses, and strengths among these markets based on publically available data, literature review and information. Findings -Ongoing or forthcoming electricity sector restructuring activities in some countries can be better designed based on lessons learnt from existing markets and incorporating their own political, technical and economical contexts. A template for design of successful electricity market has also been presented.Research limitations/implications -This study is limited to a comparative analysis of five markets and can be extended in the future for other existing and emerging electricity markets. Practical implications -The discussed weaknesses and strengths of existing electricity markets in this study can be practically utilized to improve the electricity industry market structures leading to several social benefits including lower electricity cost. Originality/value -The comprehensive review and analysis of five existing markets, physically located in different continents, may be used as an assistance or reference guide to benefit the emerging electricity markets in other countries.

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Section: Electricity Market In United Kingdom (Uk)mentioning

confidence: 99%

Electricity markets: an overview and comparative study

Srivastava

Kamalasadan

Patel

et al. 2011

International Journal of Energy Sector Management

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“…1 In the early stages of the electricity market in England and Wales, over 80% of electricity was traded through contract for difference market [29], and under NETA (New Electricity Trading Arrangements), 95% of electricity was traded through bilateral contracts as of year 2003 [30]. Bilateral contracts account for 80%-85% of electricity exchange, and the day-ahead market accounts for 10%-15% in Poland electricity market [31].…”

Section: E Calculate the Share Of Each Asset In The Portfoliomentioning

confidence: 99%

Supplier Asset Allocation in a Pool-Based Electricity Market

Feng

Gan

Jin

et al. 2007

IEEE Trans. Power Syst.

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“…The effect of long-term contracts on mitigating market power has been examined for the E&W market [88]. In the initial operation stage, the existence of Contracts for Difference In cases where local reliability considerations require a generator at a specific location to be on-line in some hours, the related localized market power can be dealt with by signing Reliability Must Run (RMR) contracts with the supplier [62], as is the case in California.…”

Section: ) Contract Based Methodsmentioning

confidence: 99%

“…Vesting contracts were first introduced in England and Wales Electricity Market [88] in 1990. After that, vesting contracts were arranged between GENCOs and energy retailers in Australian Open Electricity Market [119] in 1997.…”

Section: Introductionmentioning

confidence: 99%

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Strategic bidding in a deregulated electricity market environment

Liu¹

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I am greatly indebted to my supervisor, Prof. Lie Tek Tjing, for his invaluable ideas, guidance and consistent encouragement throughout the course of my research. I am deeply grateful for his advice and comments on this thesis. I also deeply thank Prof. Gooi Hoay Beng for his invaluable suggestions, discussions and support in my studies. I am greatly grateful to Prof. K. L. Lo for his comments and advices on my research, too. I wish to express my thanks to Prof. Choi San Shing for his concern, help and encouragement. I am particularly thankful to my fellow postgraduate student, Mr. Xia Linmin, for his cooperation, discussion and invaluable ideas. His constructive cooperation and rigorous attitude contributed significantly to the chapter on vesting contract. I would like to thank otiier fellow postgraduate students in Electric power Research Lab and Power Engineering Design Lab who helped me a lot in both my research and my life.

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Economic analysis of the electricity market in England and Wales

Cited by 14 publications

References 8 publications

Electricity markets: an overview and comparative study

Electricity markets: an overview and comparative study

Supplier Asset Allocation in a Pool-Based Electricity Market

Strategic bidding in a deregulated electricity market environment

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