Electricity Trading in Energy Market Integration: A Theoretical Review

Electricity Trading in Energy Market Integration: A Theoretical Review

Blog Article

This paper surveys theory and practice on how a larger and integrated energy market can propel electricity trading through economies of scale.We make a systematic presentation of theories and methods used by various scholars to generate knowledge on integrated electricity markets.We discuss paradigms, concepts, and practices Parts emanating from the complex topic of a unified electricity market with an intent to identify gaps.We conclude that electricity trading in EMI has a propensity to drive both economic integration and sustainable energy access; read more that crafting ways and means for integrating cross-border systems without sacrificing the local economy could make the idea of EMI more palatable to partner countries; and that adoption of ex ante studies that are non-data oriented could improve the design of upcoming regional electricity markets.