Assessing ASEAN’s Liberalized Electricity Markets: The Case of Singapore and the Philippines
<p dir="ltr">The efforts towards the liberalization of electricity markets have sped up recently in some countries within the Association of Southeast Asian Nations (ASEAN) region. This step of opening up the electricity markets is aimed at establishing competitive and efficient elec...
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| منشور في: |
2022
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إضافة وسم
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| _version_ | 1864513531459665920 |
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| author | Hassan Ali (3348749) |
| author2 | Han Phoumin (17542008) Beni Suryadi (17542011) Aitazaz A. Farooque (17541303) Raziq Yaqub (16488878) |
| author2_role | author author author author |
| author_facet | Hassan Ali (3348749) Han Phoumin (17542008) Beni Suryadi (17542011) Aitazaz A. Farooque (17541303) Raziq Yaqub (16488878) |
| author_role | author |
| dc.creator.none.fl_str_mv | Hassan Ali (3348749) Han Phoumin (17542008) Beni Suryadi (17542011) Aitazaz A. Farooque (17541303) Raziq Yaqub (16488878) |
| dc.date.none.fl_str_mv | 2022-09-09T03:00:00Z |
| dc.identifier.none.fl_str_mv | 10.3390/su141811307 |
| dc.relation.none.fl_str_mv | https://figshare.com/articles/journal_contribution/Assessing_ASEAN_s_Liberalized_Electricity_Markets_The_Case_of_Singapore_and_the_Philippines/24717501 |
| dc.rights.none.fl_str_mv | CC BY 4.0 info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Economics Applied economics Engineering Electrical engineering Environmental engineering Human society Policy and administration electricity market liberalization deregulation carbon pricing carbon dioxide emissions regression analysis emissions trading electricity prices Singapore the Philippines ASEAN |
| dc.title.none.fl_str_mv | Assessing ASEAN’s Liberalized Electricity Markets: The Case of Singapore and the Philippines |
| dc.type.none.fl_str_mv | Text Journal contribution info:eu-repo/semantics/publishedVersion text contribution to journal |
| description | <p dir="ltr">The efforts towards the liberalization of electricity markets have sped up recently in some countries within the Association of Southeast Asian Nations (ASEAN) region. This step of opening up the electricity markets is aimed at establishing competitive and efficient electricity markets that not only reduce electricity prices, but also support a sustainable future by reducing carbon dioxide (CO<sub>2</sub>) emissions from electricity generation and promoting the wider adoption of renewable energy (RE)-based electricity generation. This paper assesses the effects of the electricity market liberalization process in Singapore and the Philippines on these expected outcomes during the period 2015–2020. The regression analysis results suggest that in the specified period, the liberalization of the electricity market in Singapore has delivered both household and industry electricity price reductions and improvement in the RE share. However, there is no significant effect of the electricity market liberalization process on the electricity generated CO<sub>2</sub> emissions. For the same period, the results imply that with the electricity market liberalization process in the Philippines, the electricity prices for household consumers and electricity-generated CO<sub>2</sub> emissions have increased. Additionally, the liberalization process has no significant impact on both the RE share and industry electricity prices in the Philippines. To overcome the obstacles and strike a balance between the expected outcomes, policy recommendations are given for ASEAN economies following the pathway of liberalized electricity markets.</p><h2>Other Information</h2><p dir="ltr">Published in: Sustainability<br>License: <a href="https://creativecommons.org/licenses/by/4.0/" target="_blank">https://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.3390/su141811307" target="_blank">https://dx.doi.org/10.3390/su141811307</a></p><p dir="ltr">Disclaimer: The University of Doha for Science and Technology replaced the now-former College of the North Atlantic-Qatar after an Amiri decision in 2022. UDST has become and first national applied University in Qatar; it is also second national University in the country.</p> |
| eu_rights_str_mv | openAccess |
| id | Manara2_99d95cee06a4de3a7632d67f84dbef6f |
| identifier_str_mv | 10.3390/su141811307 |
| network_acronym_str | Manara2 |
| network_name_str | Manara2 |
| oai_identifier_str | oai:figshare.com:article/24717501 |
| publishDate | 2022 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | CC BY 4.0 |
| spelling | Assessing ASEAN’s Liberalized Electricity Markets: The Case of Singapore and the PhilippinesHassan Ali (3348749)Han Phoumin (17542008)Beni Suryadi (17542011)Aitazaz A. Farooque (17541303)Raziq Yaqub (16488878)EconomicsApplied economicsEngineeringElectrical engineeringEnvironmental engineeringHuman societyPolicy and administrationelectricity market liberalizationderegulationcarbon pricingcarbon dioxide emissionsregression analysisemissions tradingelectricity pricesSingaporethe PhilippinesASEAN<p dir="ltr">The efforts towards the liberalization of electricity markets have sped up recently in some countries within the Association of Southeast Asian Nations (ASEAN) region. This step of opening up the electricity markets is aimed at establishing competitive and efficient electricity markets that not only reduce electricity prices, but also support a sustainable future by reducing carbon dioxide (CO<sub>2</sub>) emissions from electricity generation and promoting the wider adoption of renewable energy (RE)-based electricity generation. This paper assesses the effects of the electricity market liberalization process in Singapore and the Philippines on these expected outcomes during the period 2015–2020. The regression analysis results suggest that in the specified period, the liberalization of the electricity market in Singapore has delivered both household and industry electricity price reductions and improvement in the RE share. However, there is no significant effect of the electricity market liberalization process on the electricity generated CO<sub>2</sub> emissions. For the same period, the results imply that with the electricity market liberalization process in the Philippines, the electricity prices for household consumers and electricity-generated CO<sub>2</sub> emissions have increased. Additionally, the liberalization process has no significant impact on both the RE share and industry electricity prices in the Philippines. To overcome the obstacles and strike a balance between the expected outcomes, policy recommendations are given for ASEAN economies following the pathway of liberalized electricity markets.</p><h2>Other Information</h2><p dir="ltr">Published in: Sustainability<br>License: <a href="https://creativecommons.org/licenses/by/4.0/" target="_blank">https://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.3390/su141811307" target="_blank">https://dx.doi.org/10.3390/su141811307</a></p><p dir="ltr">Disclaimer: The University of Doha for Science and Technology replaced the now-former College of the North Atlantic-Qatar after an Amiri decision in 2022. UDST has become and first national applied University in Qatar; it is also second national University in the country.</p>2022-09-09T03:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.3390/su141811307https://figshare.com/articles/journal_contribution/Assessing_ASEAN_s_Liberalized_Electricity_Markets_The_Case_of_Singapore_and_the_Philippines/24717501CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/247175012022-09-09T03:00:00Z |
| spellingShingle | Assessing ASEAN’s Liberalized Electricity Markets: The Case of Singapore and the Philippines Hassan Ali (3348749) Economics Applied economics Engineering Electrical engineering Environmental engineering Human society Policy and administration electricity market liberalization deregulation carbon pricing carbon dioxide emissions regression analysis emissions trading electricity prices Singapore the Philippines ASEAN |
| status_str | publishedVersion |
| title | Assessing ASEAN’s Liberalized Electricity Markets: The Case of Singapore and the Philippines |
| title_full | Assessing ASEAN’s Liberalized Electricity Markets: The Case of Singapore and the Philippines |
| title_fullStr | Assessing ASEAN’s Liberalized Electricity Markets: The Case of Singapore and the Philippines |
| title_full_unstemmed | Assessing ASEAN’s Liberalized Electricity Markets: The Case of Singapore and the Philippines |
| title_short | Assessing ASEAN’s Liberalized Electricity Markets: The Case of Singapore and the Philippines |
| title_sort | Assessing ASEAN’s Liberalized Electricity Markets: The Case of Singapore and the Philippines |
| topic | Economics Applied economics Engineering Electrical engineering Environmental engineering Human society Policy and administration electricity market liberalization deregulation carbon pricing carbon dioxide emissions regression analysis emissions trading electricity prices Singapore the Philippines ASEAN |