Study on single buyer model and pool trading model in deregulated electricity market
In the new era of modernity, the competitive environment has spread widely into all sectors including electricity market which began 1980. A number of market models have been introduced and each model was design appropriately with its local condition. Looking forward to an opened and competitive ele...
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| Format: | Thesis |
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2014
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| Online Access: | http://eprints.uthm.edu.my/5535/ http://eprints.uthm.edu.my/5535/1/NURULAIN_NADIAH_BINTI_KASIM.pdf |
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| Summary: | In the new era of modernity, the competitive environment has spread widely into all sectors including electricity market which began 1980. A number of market models have been introduced and each model was design appropriately with its local condition. Looking forward to an opened and competitive electricity trading market, Malaysia Electricity Supply Industry (MESI) has started to change its structure to a wholesale market model in 2005. In 1992, the first step had taken by introducing the Independent Power Producers (IPPs) and since then, MESI have applied this model until this moment. Tenaga Nasional Berhad (TNB) will acts as a medium by all power producers (TNBG and IPPs) and sells the energy to consumers. However, this model does not provide competition as it supposed to. The purpose of this research is to study in depth the restructuring of electricity supply industry and identify advantages and disadvantages for each market model. The economic benefits from the view of power producer from both models were also analyzed. Matlab Software has been used in this study to compare both market models in term of generation revenue based on the real load profile of Peninsular Malaysia. The results showed the single buyer is uncompetitive and TNB monopoly the market. Meanwhile, pool model are able to provide a competitive environment but creates higher risks as the energy price will change from time to time. Hence, MESI should considered several policies if they plan to apply this model. |
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