Regional Electricity Markets Interconnections, Phase 1 : Identification of Issues for the Development of Regional Power Markets in South America
The report builds on a study carried out by the Regional Power Integration Commission in South America, which estimated the potential benefits of regional interconnections. Such benefits come from optimized loading of units, exports of hydro energy...
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| Format: | ESMAP Paper |
| Language: | English en_US |
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Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2001/12/1735287/regional-electricity-markets-interconnections-phase-1-identification-issues-development-regional-power-markets-south-america http://hdl.handle.net/10986/20281 |
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okr-10986-202812021-04-23T14:03:37Z Regional Electricity Markets Interconnections, Phase 1 : Identification of Issues for the Development of Regional Power Markets in South America World Bank ACCESS TO INFORMATION CENTRALLY PLANNED ECONOMIES COMMERCIALIZATION COMMON MARKET CONSUMER PROTECTION CONSUMERS CONTRACTUAL ARRANGEMENTS COST INCREASE COST SAVINGS DEREGULATION ECONOMIC EFFICIENCY ECONOMIES OF SCALE ECONOMISTS EFFICIENT SUPPLY ELECTRICITY PRICING EXPORTS FREE TRADE FUELS IMPORTS INCOME INTERNATIONAL TRADE LIQUIDITY LIVING CONDITIONS MARGINAL COST MARGINAL COSTS MARKET FORCES MARKET PRICES MARKET RISKS OPTIMIZATION POTENTIAL INVESTORS POVERTY ALLEVIATION POWER PLANTS PRICE VOLATILITY PRICING POLICIES PRIVATE SECTOR PRODUCT QUALITY QUALITY STANDARDS REGULATORY FRAMEWORK SALES SECURITIES SPOT PRICE SUPPLY CONTRACTS SURCHARGES SURPLUSES TECHNICAL ASSISTANCE TELECOMMUNICATIONS TRANSITION ECONOMIES VOLATILITY The report builds on a study carried out by the Regional Power Integration Commission in South America, which estimated the potential benefits of regional interconnections. Such benefits come from optimized loading of units, exports of hydro energy that would not be dispatched in an isolated system (particularly in years of high hydrological conditions), global optimization of reservoirs' regulating capacity, and capacity reserve sharing. The interconnection benefits were established by evaluating the difference of the aggregate operational costs of the systems, when each country operates independently, and when they are integrated over selected power corridors. The study concluded that potential cost savings in most of the cases, exceed the cost of realizing the interconnections: cost savings (from energy generation only) would cover the annuity of investments for lines connecting Argentina and Brazil; Peru, Ecuador, Colombia, and Venezuela; Brazil and Uruguay; and, Chile and Peru. However, interconnections require compliance with prerequisites on contractual, economic, and regulatory matters, not in place in the region; thus, to facilitate discussions to foster a higher degree of energy interchange, the study aimed at the identification, comparison, and critical analysis of technical, institutional, and regulatory issues restricting regional interconnections. 2014-09-30T15:39:43Z 2014-09-30T15:39:43Z 2001-12 http://documents.worldbank.org/curated/en/2001/12/1735287/regional-electricity-markets-interconnections-phase-1-identification-issues-development-regional-power-markets-south-america http://hdl.handle.net/10986/20281 English en_US Energy Sector Management Assistance Programme (ESMAP) technical paper series;no. 16 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC Publications & Research :: ESMAP Paper Publications & Research Latin America & Caribbean South America |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO INFORMATION CENTRALLY PLANNED ECONOMIES COMMERCIALIZATION COMMON MARKET CONSUMER PROTECTION CONSUMERS CONTRACTUAL ARRANGEMENTS COST INCREASE COST SAVINGS DEREGULATION ECONOMIC EFFICIENCY ECONOMIES OF SCALE ECONOMISTS EFFICIENT SUPPLY ELECTRICITY PRICING EXPORTS FREE TRADE FUELS IMPORTS INCOME INTERNATIONAL TRADE LIQUIDITY LIVING CONDITIONS MARGINAL COST MARGINAL COSTS MARKET FORCES MARKET PRICES MARKET RISKS OPTIMIZATION POTENTIAL INVESTORS POVERTY ALLEVIATION POWER PLANTS PRICE VOLATILITY PRICING POLICIES PRIVATE SECTOR PRODUCT QUALITY QUALITY STANDARDS REGULATORY FRAMEWORK SALES SECURITIES SPOT PRICE SUPPLY CONTRACTS SURCHARGES SURPLUSES TECHNICAL ASSISTANCE TELECOMMUNICATIONS TRANSITION ECONOMIES VOLATILITY |
| spellingShingle |
ACCESS TO INFORMATION CENTRALLY PLANNED ECONOMIES COMMERCIALIZATION COMMON MARKET CONSUMER PROTECTION CONSUMERS CONTRACTUAL ARRANGEMENTS COST INCREASE COST SAVINGS DEREGULATION ECONOMIC EFFICIENCY ECONOMIES OF SCALE ECONOMISTS EFFICIENT SUPPLY ELECTRICITY PRICING EXPORTS FREE TRADE FUELS IMPORTS INCOME INTERNATIONAL TRADE LIQUIDITY LIVING CONDITIONS MARGINAL COST MARGINAL COSTS MARKET FORCES MARKET PRICES MARKET RISKS OPTIMIZATION POTENTIAL INVESTORS POVERTY ALLEVIATION POWER PLANTS PRICE VOLATILITY PRICING POLICIES PRIVATE SECTOR PRODUCT QUALITY QUALITY STANDARDS REGULATORY FRAMEWORK SALES SECURITIES SPOT PRICE SUPPLY CONTRACTS SURCHARGES SURPLUSES TECHNICAL ASSISTANCE TELECOMMUNICATIONS TRANSITION ECONOMIES VOLATILITY World Bank Regional Electricity Markets Interconnections, Phase 1 : Identification of Issues for the Development of Regional Power Markets in South America |
| geographic_facet |
Latin America & Caribbean South America |
| relation |
Energy Sector Management Assistance
Programme (ESMAP) technical paper series;no. 16 |
| description |
The report builds on a study carried out
by the Regional Power Integration Commission in South
America, which estimated the potential benefits of regional
interconnections. Such benefits come from optimized loading
of units, exports of hydro energy that would not be
dispatched in an isolated system (particularly in years of
high hydrological conditions), global optimization of
reservoirs' regulating capacity, and capacity reserve
sharing. The interconnection benefits were established by
evaluating the difference of the aggregate operational costs
of the systems, when each country operates independently,
and when they are integrated over selected power corridors.
The study concluded that potential cost savings in most of
the cases, exceed the cost of realizing the
interconnections: cost savings (from energy generation only)
would cover the annuity of investments for lines connecting
Argentina and Brazil; Peru, Ecuador, Colombia, and
Venezuela; Brazil and Uruguay; and, Chile and Peru. However,
interconnections require compliance with prerequisites on
contractual, economic, and regulatory matters, not in place
in the region; thus, to facilitate discussions to foster a
higher degree of energy interchange, the study aimed at the
identification, comparison, and critical analysis of
technical, institutional, and regulatory issues restricting
regional interconnections. |
| format |
Publications & Research :: ESMAP Paper |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Regional Electricity Markets Interconnections, Phase 1 : Identification of Issues for the Development of Regional Power Markets in South America |
| title_short |
Regional Electricity Markets Interconnections, Phase 1 : Identification of Issues for the Development of Regional Power Markets in South America |
| title_full |
Regional Electricity Markets Interconnections, Phase 1 : Identification of Issues for the Development of Regional Power Markets in South America |
| title_fullStr |
Regional Electricity Markets Interconnections, Phase 1 : Identification of Issues for the Development of Regional Power Markets in South America |
| title_full_unstemmed |
Regional Electricity Markets Interconnections, Phase 1 : Identification of Issues for the Development of Regional Power Markets in South America |
| title_sort |
regional electricity markets interconnections, phase 1 : identification of issues for the development of regional power markets in south america |
| publisher |
Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2001/12/1735287/regional-electricity-markets-interconnections-phase-1-identification-issues-development-regional-power-markets-south-america http://hdl.handle.net/10986/20281 |
| _version_ |
1764437087426183168 |