Evaluation of economic benefits for market models in restructured electricity supply industry (ESI)

The electricity supply industry restructuring has started in the 1980s in Chile and UK. It spreads to the Latin American countries such as Argentina and accelerated in the 1990s in diverse forms in the USA, Australia, the Nordic and Asian countries. The main drive for electricity market restructuring in UK came from the government´s belief that the advantages of competition among energy suppliers and it offers wider choice for customers. Meanwhile, in the countries of Asia, the restructuring is driven by a need for rapid expansion of capacity in generation, transmission and distribution. Three electricity supply models considered are Single Buyer, Pool Model and Bilateral Model. This paper evaluates the economic benefits from customer and electricity provider sides based on case study created.