Abstract

In the new era of modernity, the competitive environment has spread widely into all sectors including the electricity market. The evolution of electricity market model began since 1980s. A number of electricity market models have been introduced and each model is designed appropriately with its local condition. The selection of the model used depends on the justification determined by power utilities or regulatory policies taking into account the technical and economic aspect point of view. This paper discusses two electricity market models; single buyer market model and pool market model. A case study is carried out to compare the two market models in term of generation revenue. The Independent Power Producers (IPPs) and load profiles in Malaysia Electricity Supply Industry (MESI) is used for the case study.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.