Reliability Coordination in a Market Environment - Asian and Australian Experience

The experience of power industry restructuring in many countries of the world showed the reliability-related difficulties and problems encountered. Transition to a competitive model of power industry organization called for thorough and comprehensive studies. As the result of restructuring there is money and subjects of relations with non-coincident criteria. The necessity of rational combination of market mechanisms of management and state regulation that should be indirect, "soft", was revealed. It turned out that competition mechanisms, though, enhance the commercial efficiency of electric power system (EPS) operation but may have an adverse impact on reliability of EPS and power supply to consumers.