Exploring the bilateral and hybrid model in deregulated electricity market
This thesis is reviewing all the outcomes towards the entire work that has been done for this Master‟s Project which is entitled „Exploring the Bilateral and Hybrid Model for Deregulated market‟. The outcome is about the background of the restructuring of Electricity Supply Industry (ESI) espe...
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| Format: | Thesis |
| Language: | English English English |
| Published: |
2014
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| Subjects: | |
| Online Access: | http://eprints.uthm.edu.my/1710/1/24p%20ZARIS%20IZZATI%20MOHD%20YASSIN.pdf http://eprints.uthm.edu.my/1710/2/ZARIS%20IZZATI%20MOHD%20YASSIN%20COPYRIGHT%20DECLARATION.pdf http://eprints.uthm.edu.my/1710/3/ZARIS%20IZZATI%20MOHD%20YASSIN%20WATERMARK.pdf |
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| Summary: | This thesis is reviewing all the outcomes towards the entire work that has been done for
this Master‟s Project which is entitled „Exploring the Bilateral and Hybrid Model for
Deregulated market‟. The outcome is about the background of the restructuring of
Electricity Supply Industry (ESI) especially for Malaysia Electricity Supply Industry
(MESI). Before the restructuring of the MESI, Tenaga Nasional Berhad, (TNB) was
monopolized electricity market from generation, transmission, and distribution sector. It
comes to the end when Independent Power Producer, (IPP) introduced by the Malaysian
Government with the aim to avoid shortage and facilitate competitions among generators
and the first IPP in Malaysia is YTL Corporation Sdn. Bhd. In 2001, the first of
restructuring model was introduced is the Single Buyer Model and TNB is expected to
be the single buyer in this model. From the literature review which has displayed the
weakness of this model, this Master Project thus has proposed two other models in
deregulated electricity market that can be applied for MESI which are the Bilateral
Market Model and Hybrid Market Model in order to carry on the MESI previous plan
towards restructuring. In this project, the proposed models are designed to carry out the
power generation revenue for selected Independent Power Producers (IPPs) in Malaysia
in order to accommodate a fair competitive trading between power producers and
produce win-win situation to all involved market participants. The analysis from the
results obtained in the proposed model illustrates guaranteed incomes for all selected
IPPs, the pattern of the profits for each IPP and the factors that determines those
incomes and profits. The obtained results also bring out the advantages and
disadvantages from these market models to all involved parties including IPP, utility
company which is TNB, government and the end users. |
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