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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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 |
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DRNTU::Business::Industries and labor Teoh, Fan Long. Lim, Jian Wei. Lee, Woon Tai. Electricity market reform : comparison of California, United Kingdom and Singapore. |
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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 |
_version_ |
1681034146249441280 |