April 2022 - With support from the United States Agency for International Development (USAID) Bureau for Europe and Eurasia, the National Association of Regulatory Utility Commissioners (NARUC) has developed the publication "Electricity Market Development: Dry Run Process Model For Energy Regulators."
This dry run model document is aimed at assisting the National Regulatory Authorities (NRAs) of Europe and Eurasia in their undertakings of market liberalization and reforms and increasing their understanding of how to plan and prepare for an introduction of live market operations. Due to the sophistication of market designs that have been introduced in the region, stakeholders need training on appropriate mechanisms and tools to cope with the complexity of the market models.
In order to ensure the successful implementation of competitive electricity markets in the region, it is important to develop methodologies for designing and implementing an effective dry run process to establish a robust market operation at the initiation of the nascent markets. Conducting a dry run can increase market stakeholders’ understanding and acceptance of a new market structure, mitigate risks, and ensure a smooth go-live process.
The document structure is based on key focus areas identified as important for planning and conducting a dry run:
You can access it here.
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