Integrating Independent Power Producers Into Emerging Wholesale Power Markets

Integrating Independent Power Producers Into Emerging Wholesale Power Markets

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Policymakers wishing to introduce wholesale competition into the electricity industry must often reconcile existing independent power producer contracts with new market structures and trading arrangements. For the new market arrangements to bring the benefits of competition to consumers, enough participants must be willing to take market risk. A combination of measures (adaptation of specific market rule, contractual alternatives for enhancing market liquidity, contract buyout provisions, transitional mechanisms) offer promise for reconciling existing contracts with new market structures and reducing the magnitude of above-market costs associated with the contracts.In many countries, there is a chronic lack of generating capacity, system reliability is poor and demand is growing rapidly. ... Ancillary Services and Congestion Management Most existing IPP contracts contain at best limited obligations to provide ancillary services ... For example, market rules create a separate ancillary services market which is designed to incentivize market participants ( generators inanbsp;...


Title:Integrating Independent Power Producers Into Emerging Wholesale Power Markets
Author: Fiona Woolf, Jonathan Halpern
Publisher:World Bank Publications - 2001
ISBN-13:

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