Classification of electricity market models worldwide

Abstract

This paper describes the main findings of the work carried out on behalf of Cigre task force C5-2-1 "classification of electricity markets" within study committee C5 of Cigre. The work is based on a questionnaire that was answered by 23 countries covering all continents. This paper provides an overview of various international operating electricity markets. It describes and classifies the organization and functioning of electricity markets independent of industry structures, management of congestion, ancillary services management and regulatory aspects