Abstract
AbstractThe design of a suitable power market is a major concern, particularly for the deregulation of the electricity supply industry (ESI) in Western countries. This has led to a realization of the need for reform and competition in developing countries also. However, there are fundamental differences between the two groups of economies in the maturity of the ESI structure, economic priorities and the role of the state in development. This paper, therefore, synthesises a model of reform which is sensitive to these realities. Consequently, the outlook is different from the prevailing tendency to simply transpose experience from elsewhere. The core issue that we identify is the approach to the transmission system. The case of the Electricity Generating Authority of Thailand (EGAT) is used as the main reference point due to its medium size and orientation towards restructuring. In addition, short sections on Sri Lanka and China are included to broaden the relevance of the discussion.
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