ABSTRACT
Summary: We reviewed major market models as related to the ISO in the United States in chapter 2; these models include California, Pennsylvania–New Jersey–Maryland (PJM) interconnection, New York Power Pool (NYPP), Electric Reliability Council of Texas (ERCOT), New England ISO and Midwest ISO (MISO). Here, we present in this chapter the experience of some other countries with restructuring. We discuss some of the shortcomings and advantages of these models, focus on restructuring process, and discuss some of the proposals in a detailed manner; these models include Nordic Power Exchange, Australia National Electricity Market, Power Pool of Alberta, the Independent Electricity Market Operator (IMO), and electricity Industry in England and Wales.
