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This book combines the fundamentals of industrial organization
theories based on microeconomic foundations, applied econometrics
and environmental and natural resource economics in undertaking a
comprehensive review of reforms of the power sector and its impact
on industrial and socio-economic performance. The book provides the
reader with the intellectual groundwork necessary for understanding
the workings and interactions of today's reforming power markets
such as in the ASEAN and East Asia that are striving to achieve the
energy policy trilemma of affordability, energy sustainability and
energy security. The topics addressed in this book include
application of welfare theorems such as competition in and for the
market in the electricity sector, market failures such as lack of
electricity access, analysis of forecasting models under
volatility, energy resource allocation such as renewable energy and
competitive market designs of energy markets. Country-specific and
region-specific case studies are used to analyze the progress and
outcomes of market-driven electricity reforms across the reforming
and advanced electricity markets. Therefore, the book derives
policy lessons and provides policy recommendations in reforming
power markets for the ASEAN and East Asia taking stock of more than
three decades of global experience with power sector reforms. The
electricity markets case studies are carefully chosen and supported
by extensive data analyses as appropriate. This book on energy
economics and policy is highly recommended to readers who seek an
in-depth and up-to-date integrated overview about the evolving
literature and status on electricity market reforms with a
particular reference to Asia.
The electricity sector's reforms aim to modernise its
infrastructure, rules, policies, and procedures to allow for more
efficiency and for clean energy to have the same playing field in
the power competition/wholesale/retail electricity market. This
will enable inefficient power to be phased out gradually. Over the
past 2 decades, there has been remarkable progress in the
Association of Southeast Asian Nations (ASEAN) electricity markets
that has increased the electrification ratio substantially;
however, it has not achieved free market competition, universal
electrification, and emission reduction plans. ASEAN aims to
achieve universal access to electricity by 2030.Electricity Market
Reforms in ASEAN, China, India, and Japan provides 10 empirical
studies investigating and evaluating the electricity market reforms
in Southeast Asia, China, India, and Japan. The book analyses the
electricity market policy reform plans, market liberalisation,
tariff reform, electricity trade, renewable energy integration,
resource allocation, and the sustainability of the electricity
market in the region and these countries. It provides policy
recommendations to foster the reforms and increase market
efficiency.
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