Publication:
Global Evolution of Power Market Designs

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dc.contributor.authorAkcura, Elcin
dc.contributor.authorMutambatsere, Emelly
dc.date.accessioned2024-11-26T20:41:42Z
dc.date.available2024-11-26T20:41:42Z
dc.date.issued2024-11-26
dc.description.abstractThe design of the power market determines how the sector can address complex economic, social, environmental, and engineering challenges to deliver sustainable and reliable electricity at least cost to consumers. This is no simple task, as supply and demand must be balanced every second, multiple resource and network constraints must be satisfied, and the market must send the correct price signals to motivate efficient generation and investment in the sector over time. There is significant heterogeneity in the electricity market designs adopted by countries globally. No “one-type-fits-all” blueprint exists, and for any design to function well, the country, political, and economic context matters. At this juncture, the experimentation continues. This paper takes stock of the global patterns and trends in the adoption of different power market design options, utilizing a unique new Global Power Market Structures Database (Akcura 2024) covering 230 economies for the period 1989 to 2024. The paths these countries have taken in structuring their power markets provide valuable lessons on the multiple models that can support the development of the power sector in different country contexts. The paper draws on global experience to shed light on promising design options for the future.en
dc.identifierhttp://documents.worldbank.org/curated/en/099821411252439558/IDU1b5f7d68f1260d1447c1856b18660d4282e6e
dc.identifier.urihttps://hdl.handle.net/10986/42474
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesPolicy Research Working Paper; 10986
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectELECTRICITY MARKETS
dc.subjectPOWER MARKET DESIGN
dc.subjectPOWER SECTOR REFORMS
dc.subjectINDEPENDENT POWER PRODUCERS
dc.titleGlobal Evolution of Power Market Designsen
dc.typeWorking Paper
dspace.entity.typePublication
okr.date.disclosure2024-11-25
okr.date.lastmodified2024-11-25T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099821411252439558/IDU1b5f7d68f1260d1447c1856b18660d4282e6e
okr.guid099821411252439558
okr.identifier.docmidIDU-b5f7d68f-260d-447c-856b-8660d4282e6e
okr.identifier.doi10.1596/1813-9450-10986
okr.identifier.externaldocumentum34427534
okr.identifier.internaldocumentum34427534
okr.identifier.reportWPS10986
okr.import.id5883
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099821411252439558/pdf/IDU1b5f7d68f1260d1447c1856b18660d4282e6e.pdfen
okr.region.geographicalWorld
okr.topicEnergy::Electric Power
okr.topicEnergy::Energy Resources Development
okr.topicEnergy::Energy Consumption
okr.unitIFC
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