Taking Stock of Wholesale Power Markets In Developing Countries (Record no. 31383)

000 -LEADER
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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
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007 - PHYSICAL DESCRIPTION FIXED FIELD--GENERAL INFORMATION
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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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