TY - GEN
T1 - Sustainable investment in electricity market reform
AU - Wu, Andrew Yang
AU - Ngan, H. W.
AU - Tan, Zhongfu
PY - 2011
Y1 - 2011
N2 - Electricity Market Reform (EMR) emerges to be a current concern following a shift of paradigm from its design with focuses upon energy as the key commodity to a need to deliver a sustainable low-carbon generation future. Hence, electric power developers have to consider how a regulatory regime will shape and constrain decisions related to prices, returns and other variables so as to promote credibility with investors while delivering greater efficiency for the economy as a whole. Sustainable EMR requires improved policies and more effective investment framework for attracting private capital. In the paper, we propose a two part approach, namely designing a policy framework and devising feasible market instruments for securing sustainable investment in the EMR process. The feasible options of EMR are set to illustrate the interaction of the policy instruments, the market regulation and resultant sustainable investment environment.
AB - Electricity Market Reform (EMR) emerges to be a current concern following a shift of paradigm from its design with focuses upon energy as the key commodity to a need to deliver a sustainable low-carbon generation future. Hence, electric power developers have to consider how a regulatory regime will shape and constrain decisions related to prices, returns and other variables so as to promote credibility with investors while delivering greater efficiency for the economy as a whole. Sustainable EMR requires improved policies and more effective investment framework for attracting private capital. In the paper, we propose a two part approach, namely designing a policy framework and devising feasible market instruments for securing sustainable investment in the EMR process. The feasible options of EMR are set to illustrate the interaction of the policy instruments, the market regulation and resultant sustainable investment environment.
KW - Electricity market policy
KW - Electricity market reform
KW - Market design
KW - Sustainable investment
UR - http://www.scopus.com/inward/record.url?scp=80053019457&partnerID=8YFLogxK
U2 - 10.1109/DRPT.2011.5993918
DO - 10.1109/DRPT.2011.5993918
M3 - Conference contribution
AN - SCOPUS:80053019457
SN - 9781457703638
T3 - DRPT 2011 - 2011 4th International Conference on Electric Utility Deregulation and Restructuring and Power Technologies
SP - 362
EP - 365
BT - DRPT 2011 - 2011 4th International Conference on Electric Utility Deregulation and Restructuring and Power Technologies
T2 - 2011 4th International Conference on Electric Utility Deregulation and Restructuring and Power Technologies, DRPT 2011
Y2 - 6 July 2011 through 9 July 2011
ER -