
- •Abstract
- •Foreword
- •Acknowledgements
- •Executive summary
- •Many models of multilateral power trade
- •Minimum requirements
- •Proposed trade models for ASEAN
- •Findings and recommendations
- •Highlights
- •Overview of study
- •Categories of multilateral power trade
- •International experiences in multilateral power trading
- •Minimum requirements for establishing multilateral power trading
- •Political requirements
- •Technical requirements
- •Institutional requirements
- •Building upon existing efforts
- •LTMS–PIP
- •Proposed trade models for ASEAN
- •Harmonised bilateral trading
- •Secondary trading model
- •Primary trading model
- •Conclusion
- •1. Introduction
- •Models of cross-border power trade
- •ASEAN principles for developing multilateral power trade
- •Overview of ASEAN’s energy sector
- •References
- •2. AMS perspectives
- •APG region: North
- •Cambodia
- •Planned development, including cross-border integration
- •Planned development, including cross-border integration
- •Myanmar
- •Planned development, including cross-border integration
- •Thailand
- •Planned development, including cross-border integration
- •Viet Nam
- •Planned development, including cross-border integration
- •APG region: South
- •Indonesia (Sumatra)
- •Planned development, including cross-border integration
- •Malaysia (Peninsular)
- •Planned development, including cross-border integration
- •Singapore
- •Planned development, including cross-border integration
- •Malaysia (Sarawak and Sabah)
- •Planned development, including cross-border integration
- •APG region: East
- •Brunei Darussalam
- •Planned development, including cross-border integration
- •Indonesia (West Kalimantan)
- •Planned development, including cross-border integration
- •The Philippines
- •Planned development, including cross-border integration
- •References
- •3. Regional perspectives
- •Existing regional integration efforts among AMS
- •LTMS–PIP
- •BIMP–EAGA interconnectivity project
- •Building off existing efforts: The GMS grid codes
- •References
- •4. International case studies
- •Primary power trading arrangements
- •Power pooling in PJM’s eastern territory
- •The measurable value of markets in the PJM region
- •ISO New England
- •Market overview
- •Market structure
- •Nord Pool
- •Governing agreements and regulation
- •Market overview
- •Market structure
- •Policy and regulation
- •Secondary power trading arrangements
- •SAPP
- •SIEPAC
- •Market overview
- •Nascent power trading arrangements
- •SARI/EI
- •Market overview
- •Market structure
- •Key findings: Lessons for ASEAN
- •Drivers and benefits
- •Design options and minimum requirements
- •The need for enabling institutions
- •Financial implications of regional institutions
- •References
- •5. Establishing multilateral power trade in an ASEAN context
- •Minimum requirements for establishing multilateral power trade
- •Harmonised technical standards (grid codes)
- •Summary of minimum level of grid code harmonisation
- •Building off existing efforts: The GMS grid codes
- •External (third-party) access to domestic grids
- •Wheeling charge methodology
- •Data and information sharing requirements
- •Dispute resolution mechanism
- •Other minimum requirements
- •Funding implications of stepwise implementation
- •Role of institutions
- •Overview of existing ASEAN regional institutions
- •ASEAN Secretariat
- •HAPUA
- •AERN
- •Mechanism for settling transactions
- •Potential role of a CCP
- •Optional requirement: Trading currency or currencies
- •Potential options for regional institutions in ASEAN
- •References
- •6. Models for establishing multilateral power trade in ASEAN
- •Overview of proposed models
- •Establishing harmonised bilateral trade with wheeling
- •Overview of trade model
- •Additional requirements and analytical gaps
- •Potential role of institutions
- •Example transaction
- •Establishing a secondary trading model
- •Overview of trade model
- •Additional requirements and analytical gaps
- •Potential role of institutions
- •Example transaction
- •Establishing a primary trading model
- •Overview of trade model
- •Additional requirements and analytical gaps
- •Potential role of institutions
- •Example transaction
- •7. Implications for ASEAN stakeholders
- •Utilities
- •Regulators
- •Investors
- •Consumers
- •Acronyms and abbreviations
- •Table of contents
- •List of figures
- •List of tables

Establishing Multilateral Power Trade in ASEAN |
AMS perspectives |
In addition to these bilateral exports, many of the transmission lines proposed for development would put Lao PDR in the role of transit country. In particular, there are proposals to develop 1 000 MW to 3 000 MW of high-voltage direct current (HVDC) transmission capacity connecting China to Viet Nam, and another 1 000 MW to 3 000 MW HVDC transmission capacity connecting China to Thailand.
Myanmar
Rich in hydropower potential, over the past ten years Myanmar has seen notable investment in new generation from both the private sector and the government itself. As of 2017, nearly 60% of total generation capacity was hydropower, while another third came from natural gas. The remaining portion came from coal and oil.
Figure 15. Myanmar’s generation mix, 2011-17
Source: ASEAN Centre for Energy.
Myanmar’s power system is primarily hydropower based, though natural gas-fired generation makes up a growing share.
Myanmar’s power market is organised as a single buyer, with state-owned Myanmar Electric Power Enterprise (MEPE) responsible for both the transmission grid and procuring generation. Generation is owned by MEPE, the Hydropower Generation Enterprise and various IPPs. There are two distribution companies: Energy Supply Enterprise (ESE) and Yangon Electricity Supply Corporation (YESC). As the name suggests, YESC covers Yangon, while ESE is responsible for distribution in the rest of the country. The power sector is regulated by the Ministry of Electricity and Energy.
Planned development, including cross-border integration
Myanmar’s electricity demand tends to be highest during the dry season. Looking forward, therefore, it is possible that Myanmar would be a net importer during these periods, and a potential net exporter during the rainy season. This depends significantly, however, on how Myanmar’s domestic power system develops over the coming years.
Under Myanmar’s plan, hydropower would be exported to China, Thailand or both, though it will be necessary to develop interconnectors to support these exports. Under current plans,
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