The Malaysian electricity industry evolved from a vertically integrated utility into a single-buyer model, which considered a precursor to deregulation and a competitive market. This study considers electricity sector reform in Malaysia and proposes a market structure for the industry. We focus on the single-buyer model and the pool model for the analysis with the recommendation on reform stages required to ensure a smooth and successful market transition. A smooth transition from regulated market into deregulated market will ensure market stability and sustainability of the energy market. It will also provide enough time for the market participants to adapt and transit from regulated to deregulated energy market.

马来西亚电力行业从垂直整合的公用事业发展为单一买家模式，这被认为是放松管制和竞争市场的先兆。本研究考虑了马来西亚的电力部门改革，并提出了该行业的市场结构。我们重点分析单一买方模型和联合模型，并就确保平稳成功的市场转型所需的改革阶段提出建议。从监管市场向放松监管市场的平稳过渡将确保能源市场的市场稳定性和可持续性。它还将为市场参与者提供足够的时间来适应并从受监管的能源市场过渡到不受监管的能源市场。