| |
Nature of Market |
Privatization / Liberalization |
Trading System |
| England & Wales |
- Vertical Integration now allowed after unbundling in
1990
- Fossil fuel generators dominant at margin
|
- Privatized in 1990
- Partial deregulation 1994
- (> 100kW)
- Fully deregulated by 1998
|
- Pool system: half-hourly price consisting of energy/capacity/uplift
components.
- Merit order dispatch
- No trade outside Pool
|
| Colombia |
- Gradual separation of vertically integrated industry
|
- Liberalization driven by new laws introduced in 1994
|
- Wholesale market organized by national transmission
business
|
| Norway* |
- Some vertical integration
- Horizontal integration encouraged
|
|
- Nord Pool power exchange
- Spot / futures / regulation markets
|
| Australia |
|
- Victoria de-regulated in 1994
- New South Wales and Queensland following
|
- Victoria Power Exchange (VicPool)
- No Capacity Payments
- National Energy Market (NEM)
|
| Argentina |
- Horizontal and vertical disaggregation
|
- Privatization programme began in 1992
|
- Merit order dispatch
- Generator bid prices capped
- Nodal pricing (daily and seasonal)
|