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

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

3. 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

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

5. 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

6. 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

7. 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

8. 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

9. 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

10. 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

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