The Value of Trade and Regional Investments in The Pan-Arab Electricity Market : Integrating Power Systems and Building Economies
Energy demand in Arab countries continues to grow at a higher rate than economic growth. Meeting national electricity demand and exploiting their significant renewable energy resources (particularly, solar and wind) in a sustainable manner is a com...
| Main Author: | |
|---|---|
| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2021
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/undefined/517361636725116002/The-Value-of-Trade-and-Regional-Investments-in-The-Pan-Arab-Electricity-Market-Integrating-Power-Systems-and-Building-Economies http://hdl.handle.net/10986/36614 |
| Summary: | Energy demand in Arab countries
continues to grow at a higher rate than economic growth.
Meeting national electricity demand and exploiting their
significant renewable energy resources (particularly, solar
and wind) in a sustainable manner is a common challenge
across all Arab countries. A number of analyses have pointed
out that such countries would benefit greatly from the
increased integration of their power systems, and the
resulting opportunities for electricity trade. This study
quantifies the potential economic benefits that a Pan-Arab
Electricity Market (PAEM) could bring if the countries
across the Middle East and North Africa (MENA) were engaged
in full electricity trade on a commercial basis. The World
Bank’s Electricity Planning Model (EPM) was used to prepare
the region’s least-cost capacity expansion and dispatch
scenarios optimizing the regional power systems in the
period 2018–2035. |
|---|