Developing International Power Markets in East Asia
The Greater Mekong subregion--Cambodia, Lao People's Democratic Republic, Myanmar, Thailand, Vietnam, and the Yunnan Province of southern China--has good potential for international power trade. Initial interest in this market is being spearheaded by private developers negotiating bilateral cross-border trade agreements. But experience in power trade zones in Europe and North America shows that to achieve the benefits of fully fledged trade, the countries in the subregion need to closely coordinate electricity sector policy, operating protocols, and network development. This Note sets out the market development options, reviews sector reforms so far, assesses the obstacles to full power trade, and briefly outlines multilateral efforts to promote an infrastructure that will support international power trade in the subregion.
Summary: | The Greater Mekong subregion--Cambodia,
Lao People's Democratic Republic, Myanmar, Thailand,
Vietnam, and the Yunnan Province of southern China--has good
potential for international power trade. Initial interest
in this market is being spearheaded by private developers
negotiating bilateral cross-border trade agreements. But
experience in power trade zones in Europe and North America
shows that to achieve the benefits of fully fledged trade,
the countries in the subregion need to closely coordinate
electricity sector policy, operating protocols, and network
development. This Note sets out the market development
options, reviews sector reforms so far, assesses the
obstacles to full power trade, and briefly outlines
multilateral efforts to promote an infrastructure that will
support international power trade in the subregion. |
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