“…Policy, institutional, and political barriers impede a SAR integrated electricity market, for example: lack of confidence and trust, trade-restrictive policies, and challenges in creating effective regional bodies for cross-border coordination (Singh, Jamasb, Nepal, & Toman, 2015). Developing domestic power markets (most of which are single-buyer structures) and harmonizing grid codes and regulations among countries has been suggested for further integration in the region (IEA, 2015;Wu, 2013).…”