Over twenty years since electricity industry deregulation was first implemented, and nearly ten since many power systems boarded the liberalization train, reliability of supply appears to be the major concern of energy regulators. Drawing from the cumulative experience of systems that have already implemented some manner of security of supply mechanism, the present article reviews the main criteria to be taken into consideration in the design of a regulatory mechanism of this nature.
Keywords: liberalization; electricity markets; regulation; market rules; security of supply
Utilities Policy. Volume: 16 Issue: 3 Pages: 184-193
Journal Impact Factor: JCR impact factor 1.682 (2016)
DOI reference: 10.1016/j.jup.2007.10.004
Published on paper: September 2008.