Keywords: adequacy, deregulated electricity markets, energy security, reasonable price, reliability, UK, United Kingdom, Singapore
Electricity market deregulation and energy security: a study of the UK and Singapore electricity markets
This study seeks to examine whether deregulated electricity markets can provide energy security. Conceptualising energy security as that of having adequate, reliable and reasonably priced energy, this study proposes a set of indicators that can serve as an approximate gauge to determine whether a particular electricity market is robust enough to provide energy security. These chosen indicators are applied for both the UK and Singapore electricity markets in particular, and the outcomes provide evidence to believe that both markets are capable of providing energy security.