Publication:
Regional Power Integration : Structural and Regulatory Challenges

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dc.contributor.authorWorld Bank
dc.date.accessioned2012-03-19T10:13:00Z
dc.date.available2012-03-19T10:13:00Z
dc.date.issued2011-01-01
dc.description.abstractThe Central America Regional Electricity Market (MER) trades electricity and transmission capacity among six Central American countries: Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama. The market differs from other electricity markets worldwide because it has its own regulatory body and system operator. Economic integration of the Central American countries has followed a natural evolution. The continuous increase in the demand for goods and services has been accompanied by political and institutional arrangements leading to the materialization of commercial and trade agreements aimed at benefiting the nationals of all the integrated nations at the lowest possible cost. This is particularly true in the electricity sector, which provides a key development service for the achievement of sustainable growth. In fact, electricity integration through cross-border power trade has been discussed by the Central American countries since the late 1970s. This report analyzes the progress of the Central American integrated electricity market, including the institutional, legal, regulatory and contractual framework of the MER and of each of the six national markets. It then identifies the main barriers that will have to be addressed in order to ensure a successful evolution to full operation of the Central American Electrical Interconnection System (SIEPAC) interconnection system and achieve true market integration.en
dc.description.abstractLa interconexión del sistema de electricidad permite a los países intercambiar electricidad, exportar la electricidad excedente más allá de sus límites e importarla cuando su suministro es escaso. El estudio, “Integración energética regional: retos estructurales y regulatorios”, forma parte de una serie titulada “Estudio programático del sector energía para América Central”, con un enfoque primordial en el subsector eléctrico. En este subsector, un paso importante hacia la integración regional es la construcción de la línea de interconexión del SIEPAC, que une a Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua y Panamá. Este informe fue diseñado para analizar las necesidades a medio y largo plazo, promover el desarrollo de un mercado regional energético y minimizar los costos a largo plazo, aspectos que forman parte de los objetivos principales del proyecto SIEPAC. El documento examina las distintas alternativas para adaptar el marco regulatorio vigente, con el fin de analizar el desarrollo del suministro y el comercio regional. Contiene información de cada una de los mercados nacionales y sus reglas existentes para la inclusión de las transacciones internacionales. Asimismo, analiza el marco legal, regulatorio e institucional del Mercado Eléctrico Regional (MER) y las barreras existentes para su desarrollo, sugiriendo algunos cursos de acción que podrían servir para superarlas.es
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20110721002752
dc.identifier.doi10.1596/2766
dc.identifier.urihttps://hdl.handle.net/10986/2766
dc.languageEnglish
dc.publisherWorld Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO CAPITAL
dc.subjectAPPROACH
dc.subjectARBITRATION MECHANISMS
dc.subjectARBITRATION PROCEDURES
dc.subjectAUCTIONS
dc.subjectAVAILABILITY
dc.subjectBALANCE
dc.subjectBID PRICE
dc.subjectBIDDING
dc.subjectBIOMASS
dc.subjectCAPITAL COSTS
dc.subjectCLIMATE
dc.subjectCO
dc.subjectCOAL
dc.subjectCOAL PLANTS
dc.subjectCOLORS
dc.subjectCOMMERCIALIZATION
dc.subjectCOMMON MARKET
dc.subjectCOMPETITIVE BIDDING
dc.subjectCOMPETITIVE BIDDING PROCEDURES
dc.subjectCOMPETITIVE PROCESSES
dc.subjectCONCESSIONS
dc.subjectCONTRACT MARKET
dc.subjectCONTRACT PERIODS
dc.subjectCOSTS OF ELECTRICITY
dc.subjectDEBT SERVICING
dc.subjectDEMAND GROWTH
dc.subjectDIESEL
dc.subjectDIFFERENTIAL PRICING
dc.subjectDISTRIBUTION CHARGES
dc.subjectDISTRIBUTION COMPANIES
dc.subjectDOMESTIC MARKETS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC INTEGRATION
dc.subjectECONOMIES OF SCALE
dc.subjectEFFICIENCY GAINS
dc.subjectEFFICIENT POWER PLANTS
dc.subjectELECTRICITY
dc.subjectELECTRICITY CONSUMERS
dc.subjectELECTRICITY CONSUMPTION
dc.subjectELECTRICITY DEMAND
dc.subjectELECTRICITY DEMAND GROWTH
dc.subjectELECTRICITY GENERATION
dc.subjectELECTRICITY INDUSTRY
dc.subjectELECTRICITY LAW
dc.subjectELECTRICITY PRICE
dc.subjectELECTRICITY PRICES
dc.subjectELECTRICITY PRODUCTION
dc.subjectELECTRICITY SALES
dc.subjectELECTRICITY SECTOR
dc.subjectELECTRICITY SUPPLY
dc.subjectELECTRICITY SYSTEMS
dc.subjectELECTRIFICATION
dc.subjectENERGY CONSUMPTION
dc.subjectENERGY CRISIS
dc.subjectENERGY INFORMATION ADMINISTRATION
dc.subjectENERGY INTENSITY
dc.subjectENERGY POLICY
dc.subjectENERGY PRODUCTION
dc.subjectENERGY SECURITY
dc.subjectENERGY SERVICES
dc.subjectENERGY SOURCES
dc.subjectENERGY SYSTEM
dc.subjectENERGY USE
dc.subjectEXCESS POWER
dc.subjectFAIR
dc.subjectFEASIBILITY STUDIES
dc.subjectFINANCIAL CONSEQUENCES
dc.subjectFINANCIAL RESOURCES
dc.subjectFINANCIAL SUSTAINABILITY
dc.subjectFOREIGN INVESTMENT
dc.subjectFREE MARKET
dc.subjectFREE TRADE
dc.subjectFUEL
dc.subjectFUEL CONSUMPTION
dc.subjectFUEL COSTS
dc.subjectFUEL OIL
dc.subjectFUEL PRICE
dc.subjectFUEL PRICES
dc.subjectGAS SUPPLIES
dc.subjectGAS TURBINES
dc.subjectGENERATION
dc.subjectGENERATION CAPACITY
dc.subjectGENERATION COSTS
dc.subjectGENERATION MIX
dc.subjectGENERATORS
dc.subjectGEOTHERMAL ENERGY
dc.subjectGEOTHERMAL RESOURCES
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHORIZONTAL INTEGRATION
dc.subjectHYDROCARBONS
dc.subjectHYDROELECTRIC PLANTS
dc.subjectHYDROELECTRIC POTENTIAL
dc.subjectHYDROELECTRIC POWER
dc.subjectHYDROELECTRIC POWER GENERATION
dc.subjectHYDROPOWER
dc.subjectINCOME
dc.subjectINDEPENDENT POWER PRODUCERS
dc.subjectINTERNATIONAL INVESTORS
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT COSTS
dc.subjectKILOWATT HOUR
dc.subjectLIQUEFIED NATURAL GAS
dc.subjectLNG
dc.subjectLNG TERMINAL
dc.subjectLOAD FACTOR
dc.subjectLOWER COSTS
dc.subjectMARGINAL COST
dc.subjectMARGINAL COSTS
dc.subjectMARKET CONDITIONS
dc.subjectMARKET DEVELOPMENT
dc.subjectMARKET INTEGRATION
dc.subjectMARKET POWER
dc.subjectMARKET PRICE
dc.subjectMARKET PRICES
dc.subjectMARKET REFORMS
dc.subjectMARKET REGULATION
dc.subjectMARKET RULES
dc.subjectMARKET SUPPLY
dc.subjectMONOPOLY
dc.subjectNATIONAL GRID
dc.subjectNATURAL GAS
dc.subjectNATURAL GAS TRANSMISSION
dc.subjectOIL
dc.subjectOIL EQUIVALENT
dc.subjectOIL IMPORTS
dc.subjectOIL PRICE
dc.subjectOIL PRICES
dc.subjectOIL PRODUCTION
dc.subjectOIL PRODUCTS
dc.subjectOIL RESOURCES
dc.subjectOPEN ACCESS
dc.subjectOWNERSHIP STRUCTURE
dc.subjectPEAK DEMAND
dc.subjectPETROLEUM
dc.subjectPOLICY MAKERS
dc.subjectPOWER
dc.subjectPOWER COMPANIES
dc.subjectPOWER CONTRACTS
dc.subjectPOWER DEMAND
dc.subjectPOWER GENERATION
dc.subjectPOWER GENERATION FACILITIES
dc.subjectPOWER INDUSTRY
dc.subjectPOWER MARKETS
dc.subjectPOWER PLANT
dc.subjectPOWER PLANTS
dc.subjectPOWER PRODUCER
dc.subjectPOWER PRODUCERS
dc.subjectPOWER PRODUCTION
dc.subjectPOWER PURCHASE
dc.subjectPOWER PURCHASE AGREEMENTS
dc.subjectPOWER PURCHASING AGREEMENTS
dc.subjectPOWER SECTOR
dc.subjectPOWER SECTOR DEVELOPMENT
dc.subjectPOWER SECTORS
dc.subjectPOWER SHORTAGES
dc.subjectPOWER SUPPLY
dc.subjectPOWER SYSTEM
dc.subjectPOWER SYSTEMS
dc.subjectPOWER TRADE
dc.subjectPOWER TRANSACTIONS
dc.subjectPRICE BIDS
dc.subjectPRICE CONTROLS
dc.subjectPRICE VOLATILITY
dc.subjectPRICING PRINCIPLES
dc.subjectPRIMARY ENERGY
dc.subjectPRIMARY ENERGY SUPPLY
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC SERVICE PROVIDER
dc.subjectPUBLIC SERVICES
dc.subjectPUBLIC UTILITIES
dc.subjectPURCHASING
dc.subjectREGULATORY FRAMEWORK
dc.subjectRENEWABLE ENERGY
dc.subjectRENEWABLE ENERGY POTENTIAL
dc.subjectRENEWABLE GENERATION
dc.subjectRENEWABLE POWER
dc.subjectRESERVE REQUIREMENTS
dc.subjectRESIDENTIAL PRICES
dc.subjectRESIDUAL FUEL
dc.subjectRETAIL
dc.subjectRETAIL COMPETITION
dc.subjectRETAIL ELECTRICITY
dc.subjectRETAIL ELECTRICITY PRICES
dc.subjectRETAIL PRICES
dc.subjectRETAIL TARIFFS
dc.subjectSALE
dc.subjectSERVICE PROVIDERS
dc.subjectSOURCE OF ELECTRICITY
dc.subjectSPOT MARKET
dc.subjectSPOT PRICE
dc.subjectSUBSTITUTE
dc.subjectSUPPLIER
dc.subjectSUPPLY COSTS
dc.subjectSURPLUS
dc.subjectSURPLUSES
dc.subjectTHERMAL CAPACITY
dc.subjectTHERMAL PLANTS
dc.subjectTOLLS
dc.subjectTOTAL DEMAND
dc.subjectTOTAL SALES
dc.subjectTRANSMISSION CAPACITY
dc.subjectTRANSMISSION GRID
dc.subjectTRANSMISSION INFRASTRUCTURE
dc.subjectTRANSMISSION LINE
dc.subjectTRANSMISSION LINES
dc.subjectTRANSMISSION LOSSES
dc.subjectTRANSMISSION SYSTEM
dc.subjectTRANSMISSION SYSTEMS
dc.subjectVERTICAL INTEGRATION
dc.subjectWATER CONCESSIONS
dc.subjectWHOLESALE COMPETITION
dc.subjectWHOLESALE ELECTRICITY
dc.subjectWHOLESALE ELECTRICITY MARKET
dc.subjectWHOLESALE ELECTRICITY MARKETS
dc.subjectWHOLESALE MARKET
dc.subjectWHOLESALE MARKETS
dc.subjectWHOLESALE PRICE
dc.subjectWIND
dc.titleRegional Power Integration : Structural and Regulatory Challengesen
dc.titleIntegración energética regional : retos estructurales y regulatorioses
dc.title.alternativeIntegracion energetica regional : retos estructurales y regulatoriosen
dc.title.alternativeIntegracion energetica regional : retos estructurales y regulatorioses
dspace.entity.typePublication
okr.crosscuttingsolutionareaClimate Change
okr.date.disclosure2011-07-21
okr.date.doiregistration2025-05-07T11:56:49.343156Z
okr.doctypeEconomic & Sector Work::Energy Study
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20110721002752
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeTransport and ICT
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeFinance and Markets
okr.globalpracticeEnergy and Extractives
okr.guid348721468235454252
okr.guid735851468242385285
okr.identifier.externaldocumentum000333037_20110721002752
okr.identifier.internaldocumentum14606280
okr.identifier.report58934
okr.language.supporteden
okr.language.supportedes
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2011/07/21/000333037_20110721002752/Rendered/PDF/589340ESW0P1100toryModule00English0.pdfen
okr.pdfurlhttp://documents.worldbank.org/curated/en/348721468235454252/pdf/589340ESW0P1100ory0Module00Spanish0.pdfes
okr.region.administrativeLatin America & Caribbean
okr.region.geographicalCentral America
okr.sectorEnergy and mining :: General energy sector
okr.topicInfrastructure Economics and Finance::Infrastructure Economics
okr.topicMacroeconomics and Economic Growth::Markets and Market Access
okr.topicEnvironment::Climate Change Mitigation and Green House Gases
okr.topicMacroeconomics and Economic Growth::Climate Change Economics
okr.topicEnergy::Energy Production and Transportation
okr.txturlhttp://documents.worldbank.org/curated/en/348721468235454252/text/589340ESW0P1100ory0Module00Spanish0.txtes
okr.unitEnergy (LCSEG)
okr.volume1 of 1
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