Revisiting Electricity Market Reforms: Lessons for ASEAN and East Asia

This book combines industrial organization theories, applied econometrics, and environmental and natural resource economics to review power sector reforms and their impact on industrial and socio-economic performance. It provides insights into the workings of reforming power markets, such as in ASEAN and East Asia, and addresses topics such as market competition, market failures, forecasting models, and energy resource allocation. Case studies from different countries and regions are used to analyze the progress and outcomes of market-driven electricity reforms, and policy lessons and recommendations are derived for the ASEAN and East Asia. The book is recommended for readers seeking an in-depth and up-to-date overview of electricity market reforms in Asia.

Format: Hardback
Length: 294 pages
Publication date: 20 September 2022
Publisher: Springer Verlag, Singapore

This comprehensive book delves into the intricate dynamics of industrial organization theories, applied econometrics, and environmental and natural resource economics to provide a thorough examination of power sector reforms and their profound impact on industrial and socio-economic performance. By integrating these diverse disciplines, the book offers the reader a solid foundation for understanding the complexities of modern reforming power markets, particularly in regions like ASEAN and East Asia, where the pursuit of the energy policy trilemma—affordability, energy sustainability, and energy security—is paramount.

The book addresses a range of topics critical to understanding the functioning and interactions of these markets. It explores the application of welfare theorems, such as competition in and for the electricity sector, market failures, such as the lack of electricity access, the analysis of forecasting models under volatility, and energy resource allocation, including renewable energy sources and competitive market designs.

To enhance the understanding of the reform process, country-specific and region-specific case studies are employed to analyze the progress and outcomes of market-driven electricity reforms across reforming and advanced electricity markets. These case studies provide valuable insights into the challenges and successes encountered in different contexts, enabling policymakers to draw lessons and make informed recommendations for reforming power markets in the ASEAN and East Asia region.

Drawing from over three decades of global experience with power sector reforms, the book derives policy lessons and offers policy recommendations to guide the reform process in these regions. Extensive data analyses are employed to support the case studies, ensuring that the findings are robust and reliable.

This book is a valuable resource for readers seeking an in-depth and up-to-date integrated overview about the evolving literature and status on electricity market reforms, with a particular reference to Asia. It serves as a comprehensive guide for policymakers, researchers, and stakeholders interested in understanding the complexities of power sector reforms and their potential to drive economic growth and sustainable development.

Weight: 635g
Dimension: 235 x 155 (mm)
ISBN-13: 9789811942655
Edition number: 1st ed. 2022