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Enhancing Energy Policy in Asia Through Game-Based Learning on Wholesale Electricity Markets
Understanding the principles of electricity markets is crucial for designing effective energy policies in developing Asia, where rapid growth and rising energy demand pose unique challenges.
Game-based learning offers learning experiences that enhance motivation, facilitate comprehension, and boost retention, helping policymakers grasp market complexities more effectively.
The ADBI？PESD Game-Based Training Workshop bridges theory and practice, serving as a key capacity-building tool to support energy policy development in ADB member countries.
Participants learn that a cost-based system might lower social welfare by reducing firms’ incentives to invest in cost-saving technologies. Determining and auditing true marginal and opportunity costs is complex. Pay-as-bid auctions can decrease consumer surplus and benefit larger firms through better prediction of prices. Forward contracts can help manage market power and volatility by encouraging supply maintenance and reducing price manipulation incentives.
For future capacity-building initiatives, pilot programs using game-based learning formats can be implemented to assess effectiveness, with continuous data-driven evaluation to inform scaling and ensure long-term impact.
Game-based learning offers learning experiences that enhance motivation, facilitate comprehension, and boost retention, helping policymakers grasp market complexities more effectively.
The ADBI？PESD Game-Based Training Workshop bridges theory and practice, serving as a key capacity-building tool to support energy policy development in ADB member countries.
Participants learn that a cost-based system might lower social welfare by reducing firms’ incentives to invest in cost-saving technologies. Determining and auditing true marginal and opportunity costs is complex. Pay-as-bid auctions can decrease consumer surplus and benefit larger firms through better prediction of prices. Forward contracts can help manage market power and volatility by encouraging supply maintenance and reducing price manipulation incentives.
For future capacity-building initiatives, pilot programs using game-based learning formats can be implemented to assess effectiveness, with continuous data-driven evaluation to inform scaling and ensure long-term impact.
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