Integrating independent power producers into emerging wholesale power markets

Policymakers wishing to introduce wholesale competition into the electricity industry must often reconcile existing independent power producer contracts with new market structures and trading arrangements. For the new market arrangements to bring the benefits of competition to consumers, enough part...

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Main Author: Woolf, Fiona
Corporate Authors: World Bank Energy and Water Dept, World Bank Latin America and the Caribbean Regional Office
Other Authors: Halpern, Jonathan
Format: eBook
Language:English
Published: Washington, D.C World Bank, Energy and Water Department, Water Sanitation Unit, and Latin America and the Caribbean Region, Finance, Private Sector, and Infrastructure Sector Unit 2001, [2001]
Series:Policy research working paper
Subjects:
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
Summary:Policymakers wishing to introduce wholesale competition into the electricity industry must often reconcile existing independent power producer contracts with new market structures and trading arrangements. For the new market arrangements to bring the benefits of competition to consumers, enough participants must be willing to take market risk. A combination of measures (adaptation of specific market rule, contractual alternatives for enhancing market liquidity, contract buyout provisions, transitional mechanisms) offer promise for reconciling existing contracts with new market structures and reducing the magnitude of above-market costs associated with the contracts
Item Description:"November 2001. - Title from title screen as viewed on Aug. 24, 2002
Physical Description:Online-Ressource