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Volume 16
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10.3390/en16010103
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Review

Electricity Trading in Energy Market Integration: A Theoretical Review

by
Muhumuza Ezra Rubanda
1,
Livingstone Senyonga
1,
Mohammed Ngoma
2 and
Muyiwa S. Adaramola
3,*
1
Faculty of Economics, Energy and Management Science, Makerere University Business School (MUBS), Plot 21A Portbell Road, Nakawa, Kampala P.O. Box 1337, Uganda
2
Faculty of Entrepreneurship and Business Administration, Makerere University Business School (MUBS), Plot 21A Portbell Road, Nakawa, Kampala P.O. Box 1337, Uganda
3
Faculty of Environmental Sciences and Natural Resource Management, Norwegian University of Life Sciences (NMBU), Høgskoleveien 12, 1433 Ås, Norway
*
Author to whom correspondence should be addressed.
Energies 2023, 16(1), 103; https://doi.org/10.3390/en16010103
Submission received: 21 October 2022 / Revised: 24 November 2022 / Accepted: 24 November 2022 / Published: 22 December 2022
(This article belongs to the Special Issue Smart Innovations in the Energy Markets: Past, Present and the Future)
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Abstract

This paper surveys theory and practice on how a larger and integrated energy market can propel electricity trading through economies of scale. We make a systematic presentation of theories and methods used by various scholars to generate knowledge on integrated electricity markets. We discuss paradigms, concepts, and practices emanating from the complex topic of a unified electricity market with an intent to identify gaps. We conclude that electricity trading in EMI has a propensity to drive both economic integration and sustainable energy access; that crafting ways and means for integrating cross-border systems without sacrificing the local economy could make the idea of EMI more palatable to partner countries; and that adoption of ex ante studies that are non-data oriented could improve the design of upcoming regional electricity markets.
Keywords: energy market integration (EMI); price convergence (PC); energy trade gaming energy market integration (EMI); price convergence (PC); energy trade gaming

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MDPI and ACS Style

Rubanda, M.E.; Senyonga, L.; Ngoma, M.; Adaramola, M.S. Electricity Trading in Energy Market Integration: A Theoretical Review. Energies 2023, 16, 103. https://doi.org/10.3390/en16010103

AMA Style

Rubanda ME, Senyonga L, Ngoma M, Adaramola MS. Electricity Trading in Energy Market Integration: A Theoretical Review. Energies. 2023; 16(1):103. https://doi.org/10.3390/en16010103

Chicago/Turabian Style

Rubanda, Muhumuza Ezra, Livingstone Senyonga, Mohammed Ngoma, and Muyiwa S. Adaramola. 2023. "Electricity Trading in Energy Market Integration: A Theoretical Review" Energies 16, no. 1: 103. https://doi.org/10.3390/en16010103

APA Style

Rubanda, M. E., Senyonga, L., Ngoma, M., & Adaramola, M. S. (2023). Electricity Trading in Energy Market Integration: A Theoretical Review. Energies, 16(1), 103. https://doi.org/10.3390/en16010103

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