CIGRE TF C5-2-1: Classification of Electricity Markets Worldwide Paul Giesbertz KEMA Consulting, the Netherlands On behalf of CIGRE TF C5-02-01 CIGRE Symposium Brasilia; 21-23 September 2003 CIGRE TF C5-2-1: Classification of Electricity Markets Worldwide

Contents TF C5-02-01 Examples of classification CIGRE TF C5-2-1: Classification of Electricity Markets Worldwide

TF C5-2-1 : members 9 members (4 Europe, 3 Asia, 1Australia, 1 Africa) Participation from Americas would be welcome CIGRE TF C5-2-1: Classification of Electricity Markets Worldwide

CIGRE TF C5-2-1: Classification of Electricity Markets Worldwide

TF C5-2-1 : Schedule First meeting: September 2003 Submission of Questionnaire : December 2003 Collect & Analyse Answers: April 2004 Report - high level paper : August 2004 CIGRE TF C5-2-1: Classification of Electricity Markets Worldwide

TF C5-2-1 : scope Organisation and functioning of electricity markets: describe and classify No focus on industry structures (build on previous work e.g. of WG 37-32) Regulation of markets is excluded All models (from Single Buyer to full retail markets) are covered Preference: markets in operation CIGRE TF C5-2-1: Classification of Electricity Markets Worldwide

Examples of classification (1) Size of market, period of operation Market Model Mandatory Pool, Bilateral Contracts, Single Buyer, Balancing Market Energy Only , Capacity Markets Financial Markets and Futures Dispatch of power plants Central scheduling & central dispatch Self scheduling & central dispatch Self scheduling & self dispatch CIGRE TF C5-2-1: Classification of Electricity Markets Worldwide

Two principal market models Pool model: Central Dispatch of power plants Bilateral Trade Model: Self Dispatch of power plants Generator Generator Bilateral contracts Power Exchange Central Market Bilateral contracts DisCo / Consumer DisCo / Consumer

Examples of classification (2) Market Participants & Market Operator Market Sessions (day ahead, hour ahead) Offers & Bids (portfolio bidding, cost based) Market Price calculation (market clearing, pay-as-bid, price caps, single or nodal, firm or indicative) congestion & ancillary services management will be treated briefly CIGRE TF C5-2-1: Classification of Electricity Markets Worldwide

Examples of classification (3) Advantages & Disadvantages / Successes & Failures Prices and market volumes Demand participation / response Investment incentives Improvements realised and proposed CIGRE TF C5-2-1: Classification of Electricity Markets Worldwide

Your comments & suggestions will be appreciated Your comments & suggestions will be appreciated! pgiesbertz@kemaconsulting.com CIGRE TF C5-2-1: Classification of Electricity Markets Worldwide