Winner's curse can be a problem in any valuation, but confronting internal biases and engaging in objective reviews can mitigate the risks.
China has gas in the ground but bringing it to generate power requires infrastructure, cost-reflective market prices, and the reform of dispatch.
A functioning electricity market in a developing country is noteworthy, but there remain regulatory challenges to ensure success for the long term.
China's market is huge and growing fast, but success benefits from understanding the risks; analytical frameworks bring additional advantages.
Success takes rational analysis, prudence, resources, a grasp of both detail and the bigger picture, and an understanding of where value truly lies.
Emission reduction policies may be affordable and technically feasible, but not necessarily cost effective; we explore Hong Kong's fuel mix policy.
Good policy comes not from guessing the future but from basing decisions on robust analysis: understanding value and assessing relevant costs.
Are the limitations of Single Buyer models holding Asia's power sectors back and allowing sub-optimal decisions to raise costs for stakeholders?
The Philippines' WESM is on the cusp of privatisation and expansion to include Visayas; Asia Pacific's most dynamic new market deserves a closer look.