Taking Stock of Wholesale Power Markets In Developing Countries (Record no. 31383)
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fixed length control field | 03743cam a22004454a 4500 |
001 - CONTROL NUMBER | |
control field | 8519 |
003 - CONTROL NUMBER IDENTIFIER | |
control field | The World Bank |
005 - DATE AND TIME OF LATEST TRANSACTION | |
control field | 20181114100210.0 |
006 - FIXED-LENGTH DATA ELEMENTS--ADDITIONAL MATERIAL CHARACTERISTICS--GENERAL INFORMATION | |
fixed length control field | m d |
007 - PHYSICAL DESCRIPTION FIXED FIELD--GENERAL INFORMATION | |
fixed length control field | cr cn||||||||| |
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
fixed length control field | 160311s2018 dcu o i00 0 eng |
024 8# - OTHER STANDARD IDENTIFIER | |
Standard number or code | 10.1596/1813-9450-8519 |
035 ## - SYSTEM CONTROL NUMBER | |
System control number | (The World Bank)8519 |
100 1# - MAIN ENTRY--PERSONAL NAME | |
Personal name | Rudnick, Hugh. |
245 10 - TITLE STATEMENT | |
Title | Taking Stock of Wholesale Power Markets In Developing Countries |
Medium | [electronic resource] : |
Remainder of title | A Literature Review / |
Statement of responsibility, etc | Rudnick, Hugh. |
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
Place of publication, distribution, etc | Washington, D.C. : |
Name of publisher, distributor, etc | The World Bank, |
Date of publication, distribution, etc | 2018. |
300 ## - PHYSICAL DESCRIPTION | |
Extent | 1 online resource (48 p.) |
520 3# - SUMMARY, ETC. | |
Summary, etc | Although many developing countries have yet to meet the considerable prerequisites for establishing wholesale power markets, a significant minority of larger middle-income countries have introduced diverse markets in the past 25 years. Cost-based pools proved particularly popular in Latin America and look to be a more straightforward starting point than the bid-based pools adopted in some other jurisdictions. Successful design of power markets involves paying careful attention to four guiding principles. First, trading arrangements must ensure efficient and reliable operation of the market, efficiently employing available resources not only to balance aggregate supply and demand, but also to allow congestion management and supply ancillary services. Second, market design should ensure strong participation of the demand side of the market, by allowing large customers to participate directly in the market, and medium ones to see spot market prices through time-of-use tariffs. Third, open access to the power grid should be guaranteed through industry restructuring, removal of barriers to entry of different players, and establishment of a neutral system operator. Fourth, a workable framework for supply adequacy is required to ensure capacity meets demand without imposing supply constraints. This may entail complementing efficient energy price signals with other mechanisms (such as auctions and capacity obligations) to provide adequate incentives for investment in new generation capacity. Experience demonstrates that the early stages of establishing power markets can be challenging and necessitate the creation of regulatory mechanisms for market monitoring that can identify and address emerging design flaws, particularly for abuses of market power. Countries not yet ready to introduce wholesale power markets may still benefit from several emerging regional power markets. Looking ahead, the design of power markets is becoming increasingly complex due to the challenges posed by disruptive technologies such as variable renewable energy, large-scale storage, and increasingly sophisticated demand-side participation. |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Competition |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Developing Countries |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Electricity Markets |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Emerging Markets |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Energy |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Energy and Environment |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Energy Demand |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Energy Policies and Economics |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | International Economics and Trade |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | International Trade and Trade Rules |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Law and Development |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Marketing |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Power and Energy Conversion |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Private Sector Development |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Private Sector Development Law |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Private Sector Economics |
700 1# - ADDED ENTRY--PERSONAL NAME | |
Personal name | Rudnick, Hugh. |
700 1# - ADDED ENTRY--PERSONAL NAME | |
Personal name | Velasquez, Constantin. |
776 18 - ADDITIONAL PHYSICAL FORM ENTRY | |
Main entry heading | Print Version: |
Display text | Rudnick, Hugh. |
Title | Taking Stock of Wholesale Power Markets In Developing Countries: A Literature Review |
Place, publisher, and date of publication | Washington, D.C. : The World Bank, 2018. |
830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE | |
Uniform title | Policy research working papers. |
830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE | |
Uniform title | World Bank e-Library. |
856 40 - ELECTRONIC LOCATION AND ACCESS | |
Uniform Resource Identifier | <a href="http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-8519">http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-8519</a> |
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