Best fit Energy Market Model for Kingdom of Saudi Arabia

Abstract

There are various ways to couple markets, such as tight or loose volume coupling, price coupling or market splitting. Each has its own advantages and drawbacks, but all seek the same end, which is to allocate scarce cross border grid capacity in the most efficient way. This paper deals with the preparative works undertaken to accomplish Spot Market in Kingdom of Saudi Arabia. Popular Market Models will be analyzed and a best fit market model for Kingdom of Saudi Arabia will be identified and recommended. This paper aims to initiate active discussions among member countries of GCCIA (Gulf Cooperation Council Interconnecting Authority), RTOs such as GCCIA &PAN Arab Interconnecting Authority and Policy makers such as ECRA (Electricity & Co-generation Regulatory Authority) to form a coherent market model for the Middle East Countries.