The Second Generation of Power Exchanges: Lessons for Latin America
Almost two decades after the beginning of the Chilean and English experiments in power sector reform and privatization, many other countries have adopted or are in the process of adopting a model that promotes competition in the wholesale power market that is based partly on the pioneering efforts of those two countries. Some countries which adopted the English model but whose systems are dominated by hydroelectric power found themselves constrained by a structure that did not apply to their particular situations. And now, England and Chile are themselves radically revising their power trading arrangements. This paper attempts to answer the questions: Does this mean that their systems failed and that the countries that adopted them should go on the alert and adjust their models?; Or does it mean that the experiment failed and that the opponents of reform and those who maintained that it was impossible to mount a competitive model in the wholesale electricity market were right? This paper looks at the structure of the power markets (first-generation and second-generation reforms) in Chile, England/Wales, Argentina, Norway, Colombia, Australia, the United States and Spain.
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Format: | Discussion Papers & Presentations biblioteca |
Language: | English |
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Inter-American Development Bank
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Subjects: | Energy and Mining, Public Utility, electricity sector, power markets reform, wholesale electricity markets, |
Online Access: | http://dx.doi.org/10.18235/0006812 https://publications.iadb.org/en/second-generation-power-exchanges-lessons-latin-america |
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dig-bid-node-113072024-05-30T19:40:38ZThe Second Generation of Power Exchanges: Lessons for Latin America 1999-12-21T00:00:00+0000 http://dx.doi.org/10.18235/0006812 https://publications.iadb.org/en/second-generation-power-exchanges-lessons-latin-america Inter-American Development Bank Energy and Mining Public Utility electricity sector, power markets reform, wholesale electricity markets Almost two decades after the beginning of the Chilean and English experiments in power sector reform and privatization, many other countries have adopted or are in the process of adopting a model that promotes competition in the wholesale power market that is based partly on the pioneering efforts of those two countries. Some countries which adopted the English model but whose systems are dominated by hydroelectric power found themselves constrained by a structure that did not apply to their particular situations. And now, England and Chile are themselves radically revising their power trading arrangements. This paper attempts to answer the questions: Does this mean that their systems failed and that the countries that adopted them should go on the alert and adjust their models?; Or does it mean that the experiment failed and that the opponents of reform and those who maintained that it was impossible to mount a competitive model in the wholesale electricity market were right? This paper looks at the structure of the power markets (first-generation and second-generation reforms) in Chile, England/Wales, Argentina, Norway, Colombia, Australia, the United States and Spain. Inter-American Development Bank Jaime Millán Discussion Papers & Presentations application/pdf IDB Publications Chile Colombia Norway Spain United States Central America South America en |
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Energy and Mining Public Utility electricity sector, power markets reform, wholesale electricity markets Energy and Mining Public Utility electricity sector, power markets reform, wholesale electricity markets |
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Energy and Mining Public Utility electricity sector, power markets reform, wholesale electricity markets Energy and Mining Public Utility electricity sector, power markets reform, wholesale electricity markets Inter-American Development Bank The Second Generation of Power Exchanges: Lessons for Latin America |
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Almost two decades after the beginning of the Chilean and English experiments in power sector reform and privatization, many other countries have adopted or are in the process of adopting a model that promotes competition in the wholesale power market that is based partly on the pioneering efforts of those two countries. Some countries which adopted the English model but whose systems are dominated by hydroelectric power found themselves constrained by a structure that did not apply to their particular situations. And now, England and Chile are themselves radically revising their power trading arrangements. This paper attempts to answer the questions: Does this mean that their systems failed and that the countries that adopted them should go on the alert and adjust their models?; Or does it mean that the experiment failed and that the opponents of reform and those who maintained that it was impossible to mount a competitive model in the wholesale electricity market were right? This paper looks at the structure of the power markets (first-generation and second-generation reforms) in Chile, England/Wales, Argentina, Norway, Colombia, Australia, the United States and Spain. |
author2 |
Jaime Millán |
author_facet |
Jaime Millán Inter-American Development Bank |
format |
Discussion Papers & Presentations |
topic_facet |
Energy and Mining Public Utility electricity sector, power markets reform, wholesale electricity markets |
author |
Inter-American Development Bank |
author_sort |
Inter-American Development Bank |
title |
The Second Generation of Power Exchanges: Lessons for Latin America |
title_short |
The Second Generation of Power Exchanges: Lessons for Latin America |
title_full |
The Second Generation of Power Exchanges: Lessons for Latin America |
title_fullStr |
The Second Generation of Power Exchanges: Lessons for Latin America |
title_full_unstemmed |
The Second Generation of Power Exchanges: Lessons for Latin America |
title_sort |
second generation of power exchanges: lessons for latin america |
publisher |
Inter-American Development Bank |
url |
http://dx.doi.org/10.18235/0006812 https://publications.iadb.org/en/second-generation-power-exchanges-lessons-latin-america |
work_keys_str_mv |
AT interamericandevelopmentbank thesecondgenerationofpowerexchangeslessonsforlatinamerica AT interamericandevelopmentbank secondgenerationofpowerexchangeslessonsforlatinamerica |
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1809107003385053184 |