CIGRE International Symposium - Guilin 2009, Guilin (China). 28-30 October 2009
Summary:
Electricity Energy markets do not operate in isolation. These markets are not just driven by load demand, but they are also impacted by fuel supply factors and are directed by regulators. This paper focuses on the interdependencies between the Electric Energy markets and the Natural Gas markets and the conditions and influences on both markets.
Load-growth influences the need for and investment in generation resources. As in any industry, investors must account for both demand (market growth) and supply (availability of resources). In the case of natural gas the fuel may be indigenous to an area or it can be piped into an area from local or cross-border resources. The cost of transporting gas is a major investment consideration not only for a commercial investor but also for a national and for a regional economy. These considerations create the environment for the involvement of governmental and regulatory intervention.
Three generic Case Studies of countries belonging to the Americas are discussed and provide insight into the varying interrelationships of installed generation, resource availably and regulatory influences. The causes, effects and resolution of market power, regulations and user priorities are also discussed and addressed.
Keywords: Electricity Market; Gas Market; Market Integration, Regulatory Designs
Publication date: 2009-10-28.
Citation:
L.A. Barroso, M. Babula, B. Bezerra, D. Druce, J. Mejía, S. Mocarquer, R. Moreno, H. Rudnick, P. Wong, A. DiCaprio, Interdependencies of electricity markets with gas markets - a case study of transmission system operators, CIGRE International Symposium - Guilin 2009, Guilin (China). 28-30 October 2009.
