Establishing appropriate institutional architecture is important to integrate powersystems across borders and facilitate electricity trading,as even if the necessaryinfrastructure is in place,it does not automatically follow that it is being used toexchange power effectively.The co-ordination of all stakeholders -governments,utilitiest and regulators -is required within jurisdictions,as is the creation ofregional entities to support and oversee the integration process.
This report therefore examines stakeholder roles at different stages of cross-border integration to enable multilateral power trade.As energy regulators are ourmain audience,we focus on their roles and responsibilities after briefly addressingthose of governments and utilities.This document was develbped under the Regulatory Energy TranstionAccelerator (RETA)initiative,which aims to enhance the capacity of regulators toincrease the speed of cean energy transitions.It is part of a series of guidancenotes prepared by the IEA,the Wold Bank’s Energy Sector ManagementAssistance Program (ESMAP)and IRENA to help key stakeholders navigate thechallenges associated wth regional power system interconnections,by providinganalytical outputs and examples of best practices for regulatory frameworks andmechanisms.These notes focus on the soft infrastructure of cross-border powerexchange,in accordance with the prionty topics identified through a surveyof requlators in February-March 2023.
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