
- •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 |
Acronyms and abbreviations |
Acronyms and abbreviations
AC |
Alternating current |
ACE |
ASEAN Centre for Energy |
ACER |
Agency for the Cooperation of Energy Regulators |
AEBD |
Autoriti Elektrik Brunei Darussalam |
AERN |
ASEAN Energy Regulators Network |
AIMS |
ASEAN Interconnection Masterplan Study |
AMEM |
ASEAN Ministers on Energy Meeting |
AMS |
ASEAN member states |
APAEC |
ASEAN Plan of Action for Energy Cooperation |
APGCC |
ASEAN Power Grid Consultative Committee |
ATC |
Available transmission capacity |
ATSO |
ASEAN Power Grid Transmission System Operator |
BIMP-EAGA |
Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area |
BPMC |
Berakas Power Management Company |
BRP |
Balancing responsible party |
CAC |
Central Advisory Committee |
CACM |
Capacity allocation and congestion management |
CCGT |
Combined-cycle gas turbine |
CCP |
Central clearing party |
CDO |
Communications and Digital Office |
CERC |
Central Electricity Regulatory Commission |
DAM |
Day-ahead markets |
DES |
Department of Electrical Services |
DIPP |
Domestic independent power producers |
EA |
Electricity Authority |
EC |
Energy Commission |
EdC |
Electricity of Cambodia |
EdL |
Electricity of Lao PDR |
EGAT |
Electricity Generating Authority of Thailand |
EIPP |
Expanding independent power producers |
EOR |
Ente Operador Regional |
EPR |
Empresa Propietaria de la Red |
ERC |
Energy Regulatory Commission |
ESB |
Enhanced single buyer |
|
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Establishing Multilateral Power Trade in ASEAN Acronyms and abbreviations
ESE |
Energy Supply Enterprise |
EU |
European Union |
EVN |
Viet Nam Electricity |
FERC |
Federal Energy Regulatory Commission |
GCC |
Gulf Cooperation Council |
GDP |
Gross domestic product |
GMS |
Greater Mekong Subregion |
HAPUA |
Heads of ASEAN Power Utilities and Authorities |
HVAC |
High-voltage alternating current |
HVDC |
High-voltage direct current |
IDM |
Intraday markets |
IEX |
Indian Energy Exchange |
IPP |
Independent power producers |
IT |
Information technology |
JPPPET |
Committee on Planning and Implementation of Electricity Supply and Tariff |
LTMS–PIP |
Lao PDR–Thailand–Malaysia–Singapore Power Integration Project |
MEA |
Metropolitan Electricity Authority |
MEPE |
Myanmar Electric Power Enterprise |
MER |
Mercado Eléctrico Regional |
MoU |
Memorandum of understanding |
NEPOOL |
New England Power Pool |
NERC |
North American Electric Reliability Corporation |
NPCC |
Northeast Power Coordinating Council |
NVE |
Norwegian Water Resources and Energy Directorate [Norges Vassdrags – og |
|
Energidirektorat] |
OCCTO |
Organization for Cross-Regional Coordination of Transmission Operators |
PDP |
Power development plan |
PEA |
Provincial Electricity Authority |
PLN |
National Power Utility |
PPA |
Power purchase agreements |
PV |
Photovoltaics |
REE |
Rural Energy Enterprises |
REMIT |
Regulation on wholesale Energy Market Integrity and Transparency |
RPCC |
Regional Power Coordinating Centre |
RPTCC |
Regional Power Trade Coordination Committee |
RUPTL |
Electricity Supply Business Plan [Rencana Usaha Penyediaan Tenaga Listrik] |
SAC |
South Asian countries |
SAPP |
Southern African Power Pool |
|
124 |
Establishing Multilateral Power Trade in ASEAN Acronyms and abbreviations
SESB |
Sabah Electricity Sdn Bhd |
SESCO |
Sarawak Electricity Supply Company |
SIEPAC |
Central American Electrical Interconnection System [Sistema de Interconexión |
|
Eléctrica de los Países de América Central] |
SOME |
Senior Officials Meeting on Energy |
ST |
Suruhanjaya Tenaga |
TNB |
Tenaga Nasional Berhad |
TPA |
Third-party access |
TPES |
Total primary energy supply |
TSO |
Transmission system operators |
US |
United States |
VRE |
Variable renewable energy |
WESM |
Whole Electricity Spot Market |
WG |
Working Group |
YESC |
Yangon Electricity Supply Corporation |
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