ASEAN ELECTRICITY MARKET INTEGRATION: HOW CAN BELT and ROAD INITIATIVE BRING NEW LIFE to IT?

Yao, L; Andrews-Speed, P; Shi, X

ASEAN ELECTRICITY MARKET INTEGRATION: HOW CAN BELT and ROAD INITIATIVE BRING NEW LIFE to IT?

Yao, L Andrews-Speed, P Shi, X

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Publisher:: World Scientific Publishing
Publication Type:: Journal Article
Citation:: Singapore Economic Review, 2021, pp. 1950041-1950041
Issue Date:: 2021

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Field	Value	Language
dc.contributor.author	Yao, L
dc.contributor.author	Andrews-Speed, P
dc.contributor.author	Shi, X https://orcid.org/0000-0001-9653-7395
dc.date.accessioned	2021-03-02T06:41:23Z
dc.date.available	2021-03-02T06:41:23Z
dc.date.issued	2021
dc.identifier.citation	Singapore Economic Review, 2021, pp. 1950041-1950041
dc.identifier.issn	0047-5599
dc.identifier.issn	1793-6837
dc.identifier.uri	http://hdl.handle.net/10453/146641
dc.description.abstract	© 2019 World Scientific Publishing Company. This paper assesses how China's Belt and Road Initiative (BRI) can bring investment and technology into ASEAN and its impact on ASEAN's electricity market. With the theoretical framework of scenario analysis, this paper provides three scenarios for ASEAN electricity market integration: the Lao PDR-Thailand-Malaysia-Singapore (LTMS) arrangement, a power exchange between heterogeneous grids in the Greater Mekong Sub-region (GMS) region, and a fully competitive electricity market with a fully-developed ASEAN Power Grid (APG). Based on these scenarios, the paper examines the extent to which the BRI can assist electricity market integration in the ASEAN region. It is found that BRI can best fit with and facilitate the first scenario. Given the uncertain outlook for the electricity market integration in the GMS region, how China's BRI can play a role in facilitating the GMS electricity market integration is not clear under the second scenario. Further, BRI may be less helpful in the third scenario in which the region's master plan of APG would be realized. In any sense, how BRI can fit with and facilitate ASEAN's electricity market integration would more depend on the host countries rather than the Chinese side.
dc.language	en
dc.publisher	World Scientific Publishing
dc.relation.ispartof	Singapore Economic Review
dc.relation.isbasedon	10.1142/S0217590819500413
dc.rights	info:eu-repo/semantics/openAccess
dc.subject	14 Economics
dc.subject.classification	Economics
dc.title	ASEAN ELECTRICITY MARKET INTEGRATION: HOW CAN BELT and ROAD INITIATIVE BRING NEW LIFE to IT?
dc.type	Journal Article
utslib.for	14 Economics
pubs.organisational-group	/University of Technology Sydney/DVC (International)
pubs.organisational-group	/University of Technology Sydney/DVC (International)/Australia-China Relations Institute
pubs.organisational-group	/University of Technology Sydney
utslib.copyright.status	open_access	*
pubs.consider-herdc	true
dc.date.updated	2021-03-02T06:41:22Z
pubs.publication-status	Published

Abstract:

© 2019 World Scientific Publishing Company. This paper assesses how China's Belt and Road Initiative (BRI) can bring investment and technology into ASEAN and its impact on ASEAN's electricity market. With the theoretical framework of scenario analysis, this paper provides three scenarios for ASEAN electricity market integration: the Lao PDR-Thailand-Malaysia-Singapore (LTMS) arrangement, a power exchange between heterogeneous grids in the Greater Mekong Sub-region (GMS) region, and a fully competitive electricity market with a fully-developed ASEAN Power Grid (APG). Based on these scenarios, the paper examines the extent to which the BRI can assist electricity market integration in the ASEAN region. It is found that BRI can best fit with and facilitate the first scenario. Given the uncertain outlook for the electricity market integration in the GMS region, how China's BRI can play a role in facilitating the GMS electricity market integration is not clear under the second scenario. Further, BRI may be less helpful in the third scenario in which the region's master plan of APG would be realized. In any sense, how BRI can fit with and facilitate ASEAN's electricity market integration would more depend on the host countries rather than the Chinese side.

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http://hdl.handle.net/10453/146641