Electricity market reform : comparison of California, United Kingdom and Singapore.

The main objective of this report is to analyze the effectiveness of electricity market reforms in improving efficiency cross California, United Kingdom and Singapore. Although many studies have been done on the respective markets, no study has ever attempted to make a performance comparison using s...

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Main Authors: Teoh, Fan Long., Lim, Jian Wei., Lee, Woon Tai.
Other Authors: Liu Yunhua
Format: Final Year Project
Language:English
Published: 2009
Subjects:
Online Access:http://hdl.handle.net/10356/19296
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.10356-192962019-12-10T11:48:15Z Electricity market reform : comparison of California, United Kingdom and Singapore. Teoh, Fan Long. Lim, Jian Wei. Lee, Woon Tai. Liu Yunhua School of Humanities and Social Sciences DRNTU::Business::Industries and labor The main objective of this report is to analyze the effectiveness of electricity market reforms in improving efficiency cross California, United Kingdom and Singapore. Although many studies have been done on the respective markets, no study has ever attempted to make a performance comparison using standardized indicators across the three markets. Hence, this paper, segmented into wholesale, retail and transmission aims to fill the gap. Overall, our findings showed that Singapore is the best performer, followed by United Kingdom and California. This study then list and provide an in-depth explanation of consistent factors affecting their performance. The conclusion is that either market based or regulatory reforms can be used to improving efficiency, with regulatory being a safer alternative. Reforms across the three segments have to be consistent and not contradict each other. And also, introducing performance based regulation for transmission market will improve reliability. Bachelor of Arts 2009-11-17T07:54:37Z 2009-11-17T07:54:37Z 2009 2009 Final Year Project (FYP) http://hdl.handle.net/10356/19296 en Nanyang Technological University 59 p. application/pdf
institution Nanyang Technological University
building NTU Library
country Singapore
collection DR-NTU
language English
topic DRNTU::Business::Industries and labor
spellingShingle DRNTU::Business::Industries and labor
Teoh, Fan Long.
Lim, Jian Wei.
Lee, Woon Tai.
Electricity market reform : comparison of California, United Kingdom and Singapore.
description The main objective of this report is to analyze the effectiveness of electricity market reforms in improving efficiency cross California, United Kingdom and Singapore. Although many studies have been done on the respective markets, no study has ever attempted to make a performance comparison using standardized indicators across the three markets. Hence, this paper, segmented into wholesale, retail and transmission aims to fill the gap. Overall, our findings showed that Singapore is the best performer, followed by United Kingdom and California. This study then list and provide an in-depth explanation of consistent factors affecting their performance. The conclusion is that either market based or regulatory reforms can be used to improving efficiency, with regulatory being a safer alternative. Reforms across the three segments have to be consistent and not contradict each other. And also, introducing performance based regulation for transmission market will improve reliability.
author2 Liu Yunhua
author_facet Liu Yunhua
Teoh, Fan Long.
Lim, Jian Wei.
Lee, Woon Tai.
format Final Year Project
author Teoh, Fan Long.
Lim, Jian Wei.
Lee, Woon Tai.
author_sort Teoh, Fan Long.
title Electricity market reform : comparison of California, United Kingdom and Singapore.
title_short Electricity market reform : comparison of California, United Kingdom and Singapore.
title_full Electricity market reform : comparison of California, United Kingdom and Singapore.
title_fullStr Electricity market reform : comparison of California, United Kingdom and Singapore.
title_full_unstemmed Electricity market reform : comparison of California, United Kingdom and Singapore.
title_sort electricity market reform : comparison of california, united kingdom and singapore.
publishDate 2009
url http://hdl.handle.net/10356/19296
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