Oseni, Musiliu O.Pollitt, Michael G.2014-08-152014-08-152014-06https://hdl.handle.net/10986/19376This paper focuses on the institutional arrangements needed for facilitating regional electricity cooperation. The paper begins by discussing the theory of international trade cooperation in electricity, with a view to discussing what preconditions might be important in facilitating wide area trading across national borders. It then discusses two sets of case studies. The first set focuses on three regional developing country power pools -- the Southern African Power Pool, the West African Power Pool, and the Central American Power Market. The second set focuses on three regional power pools in more developed countries -- one in the United States, the Single Electricity Market in Ireland, and the South East Europe market. These cases highlight the potential and difficulty of having cross-jurisdictional power pools. In the light of the theory and evidence presented, key lessons are drawn in the areas of preconditions for trading, necessary institutional arrangements, practicalities of timetabling, reasons to be hopeful about future prospects, and suggestions for future research.en-USCC BY 3.0 IGOACCOUNTINGAPPROACHAUCTIONAUCTIONSAVAILABILITYBENEFIT ANALYSISBERTRAND COMPETITIONBIDBIDDINGBIDSBORDER ELECTRICITY TRADEBORDER TRADEBORDER TRANSMISSIONCAPACITY BUILDINGCAPITAL MARKETCAPITAL MARKET LIBERALIZATIONCOALCOMPARATIVE ADVANTAGECOMPETITIVE MARKETCONFLICTS OF INTERESTCOST OF ELECTRICITYCOST SAVINGSCOST-BENEFIT ANALYSESCURRENCYDECISION MAKINGDEVELOPED COUNTRIESDEVELOPING COUNTRIESDEVELOPING COUNTRYDEVELOPMENT BANKDEVELOPMENT FINANCEDIESELDISTRIBUTION OF ELECTRICITYDOMESTIC ENERGYDOMESTIC MARKETECONOMIC ACTIVITYECONOMICSECONOMIES OF SCALEEFFICIENT MARKETELECTRIC GRIDELECTRIC POWERELECTRIC POWER PRODUCERSELECTRICAL INTERCONNECTIONELECTRICAL LOADSELECTRICITYELECTRICITY CONSUMERSELECTRICITY CONSUMPTIONELECTRICITY DEMANDELECTRICITY DIRECTIVESELECTRICITY GENERATIONELECTRICITY LIBERALIZATIONELECTRICITY MARKETELECTRICITY MARKET REFORMSELECTRICITY MARKETSELECTRICITY NETWORKELECTRICITY PRICEELECTRICITY PRICESELECTRICITY PRODUCERSELECTRICITY PRODUCTIONELECTRICITY REGULATORSELECTRICITY SALESELECTRICITY SECTORELECTRICITY SUPPLIERSELECTRICITY SUPPLYELECTRICITY SYSTEMELECTRICITY TRADINGELECTRICITY TRANSMISSIONELECTRIFICATIONEMISSIONSENERGY BILLSENERGY DEMANDENERGY DEVELOPMENTENERGY GENERATIONENERGY MARKETSENERGY NEEDSENERGY PRICEENERGY PRODUCTIONENFORCEMENT MECHANISMENTRY BARRIERSENVIRONMENTALENVIRONMENTAL POLICIESENVIRONMENTAL POLICYFAIRFEASIBILITY STUDIESFEASIBILITY STUDYFINANCIAL MARKETSFINANCIAL SUPPORTFOREIGN CAPITALFOSSILFUELFUEL COSTSGASGENERATIONGENERATION CAPACITYGENERATION OF ELECTRICITYGENERATORSGOVERNMENT REVENUEHUMAN DEVELOPMENTHUMAN RESOURCESHYDRO POWERHYDROPOWERINCOME TAXESINDUSTRIAL PRICESINFRASTRUCTURE DEVELOPMENTSINSTITUTIONAL DEVELOPMENTINSTITUTIONAL DEVELOPMENTSINSURANCEINTERNATIONAL BANKINTERNATIONAL DEVELOPMENTINTERNATIONAL FINANCIAL INSTITUTIONSINTERNATIONAL MARKETINTERNATIONAL TRADEINTERNATIONAL TRANSACTIONSINVESTMENT BANKLEGAL SYSTEMMARGINAL COSTMARGINAL COSTSMARKET CLEARING PRICESMARKET CONSTRAINTMARKET DESIGNMARKET EFFICIENCYMARKET INTEGRATIONMARKET LIBERALIZATIONMARKET PARTICIPANTSMARKET PLAYERSMARKET POWERMARKET PRICEMARKET PRICESMARKET REFORMSMARKET RISKSMARKET SHAREMARKET TRADERSMARKET TRANSACTIONSMONOPOLIESMONOPOLYMULTILATERAL LENDERSOILOLIGOPOLIESPEAK CAPACITYPEAK DEMANDPLANT OPERATIONSPOLLUTIONPOWER PLANTPOWER PLANTSPOWER PRICESPOWER PRODUCERSPOWER SECTORSPOWER SHORTAGESPOWER STATIONSPOWER SYSTEMPOWER SYSTEMSPREDATORY PRICINGPRICE DISTORTIONPRICE EFFECTPRICE FLUCTUATIONSPRICE LEVELSPRICE OF POWERPRICE RISKSPRICE SETTINGPRICE VOLATILITYREGULATORY OVERSIGHTRENEWABLE ENERGYRESERVERESERVESRISK PROFILESALESALESSETTLEMENTSHAREHOLDERSSIDE PAYMENTSSPOT MARKETSPOT MARKETSSPREADSUBSTITUTESUPPLIERSUPPLIERSSUPPLY FUNCTIONSURPLUSTAXTRADE LIBERALIZATIONTRADINGTRADING SYSTEMTRANSACTIONTRANSACTION COSTTRANSMISSION CAPACITYTRANSMISSION CONSTRAINTSTRANSMISSION GRIDTRANSMISSION LINETRANSMISSION LINESTRANSMISSION ORGANIZATIONSTRANSMISSION SYSTEMTRANSPARENCYTREATYUTILITIESVARIABLE COSTVOLTAGEWHOLESALE POWERWHOLESALE PRICESWILLINGNESS TO PAYWIND10.1596/1813-9450-6947