Institutional Issues of International Power Grid Development in Northeast Asia

Abstract

With regard to the initiative of “International power interconnections in northeast Asia” here examines the challenges which may hinder the establishment of a common energy system in region. The analysis is based on the APERC methodology for international energy cooperation in the APEC region, and on historical approach to the development of pricing mechanisms and policy in the European common market of electricity trade and system services. Mechanisms for the prevention and overcoming of the revealed problems of regional cooperation in the power sector are proposed.