Analysis on single buyer market model and pool market model in deregulated electricity market
Since 2005, Malaysia Electricity Supply Industey (MESI) planned to shift its structure to a wholesale market model. Initially, the government introduced Independent Power Producers (IPPs), and since then, MESI has applied to a single buyer market model that continues till now. However, this model...
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| Main Authors: | , , , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2021
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| Subjects: | |
| Online Access: | http://eprints.uthm.edu.my/11405/1/P16819_5c2e958408ce626dc2240a83161237b2%209.pdf http://eprints.uthm.edu.my/11405/ http://10.1063/5.0148547 |
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| Summary: | Since 2005, Malaysia Electricity Supply Industey (MESI) planned to shift its structure to a wholesale
market model. Initially, the government introduced Independent Power Producers (IPPs), and since then,
MESI has applied to a single buyer market model that continues till now. However, this model approach is
lack of competition as it is supposed to. Therefore, this research presents conceptual analysis of a single
buyer market model and the pool based market model. The purpose of this research is to address the
economic benefits in term of generation revenue and demand payment in MESI. The research analysis
consists of two bus test system in MESI involving four generators around Peninsular Malaysia considering
existing single buyer model and pool based market model, i.e., pool model and spot market model. The
results have shown that the pool market model ensures the intermediate value of total generation revenue
and decreased the demand payment as it is proportional to the generation revenue |
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