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Author: Peter Choynowski Publisher: ISBN: Category : Business & Economics Languages : en Pages : 72
Book Description
A worldwide trend began in the 1980s in both developed & developing countries to restructure their power sectors & reform their regulatory framework. The motivation in developed countries to restructure & reform was mainly to improve sector efficiency, while in the developing countries, it was to move the sector away from reliance on scarce public resources to more private sector financing. Since the Asian Development Bank was involved in restructuring & regulatory reform in many of Asia's developing countries, this report takes stock of the progress made to date in these countries, reviews the relevant experience in some developed countries & Latin America, & identifies the key issues that could have a bearing on its operations in Asia.
Author: Peter Choynowski Publisher: ISBN: Category : Business & Economics Languages : en Pages : 72
Book Description
A worldwide trend began in the 1980s in both developed & developing countries to restructure their power sectors & reform their regulatory framework. The motivation in developed countries to restructure & reform was mainly to improve sector efficiency, while in the developing countries, it was to move the sector away from reliance on scarce public resources to more private sector financing. Since the Asian Development Bank was involved in restructuring & regulatory reform in many of Asia's developing countries, this report takes stock of the progress made to date in these countries, reviews the relevant experience in some developed countries & Latin America, & identifies the key issues that could have a bearing on its operations in Asia.
Author: Vivien Foster Publisher: World Bank Publications ISBN: 1464814430 Category : Science Languages : en Pages : 454
Book Description
During the 1990s, a new paradigm for power sector reform was put forward emphasizing the restructuring of utilities, the creation of regulators, the participation of the private sector, and the establishment of competitive power markets. Twenty-five years later, only a handful of developing countries have fully implemented these Washington Consensus policies. Across the developing world, reforms were adopted rather selectively, resulting in a hybrid model, in which elements of market orientation coexist with continued state dominance of the sector. This book aims to revisit and refresh thinking on power sector reform approaches for developing countries. The approach relies heavily on evidence from the past, drawing both on broad global trends and deep case material from 15 developing countries. It is also forward looking, considering the implications of new social and environmental policy goals, as well as the emerging technological disruptions. A nuanced picture emerges. Although regulation has been widely adopted, practice often falls well short of theory, and cost recovery remains an elusive goal. The private sector has financed a substantial expansion of generation capacity; yet, its contribution to power distribution has been much more limited, with efficiency levels that can sometimes be matched by well-governed public utilities. Restructuring and liberalization have been beneficial in a handful of larger middle-income nations but have proved too complex for most countries to implement. Based on these findings, the report points to three major policy implications. First, reform efforts need to be shaped by the political and economic context of the country. The 1990s reform model was most successful in countries that had reached certain minimum conditions of power sector development and offered a supportive political environment. Second, countries found alternative institutional pathways to achieving good power sector outcomes, making a case for greater pluralism. Among the top performers, some pursued the full set of market-oriented reforms, while others retained a more important role for the state. Third, reform efforts should be driven and tailored to desired policy outcomes and less preoccupied with following a predetermined process, particularly since the twenty-first-century century agenda has added decarbonization and universal access to power sector outcomes. The Washington Consensus reforms, while supportive of the twenty-first-century century agenda, will not be able to deliver on them alone and will require complementary policy measures
Author: Paul L. Joskow Publisher: ISBN: Category : Languages : en Pages : 130
Book Description
(Cont.) The structure and performance of California's competitive electricity markets are discussed in detail as an example of the applications of these principles and the challenges that electricity sector restructuring must confront. Early experience with retail competition in California, Massachusetts, and Pennsylvania is reviewed. The paper concludes with an initial assessment of the benefits and costs of electricity sector restructuring to date in the U.S. and some thoughts regarding future challenges and trends.
Author: United States. Congress. House. Committee on Small Business. Subcommittee on Regulatory Reform and Paperwork Reduction Publisher: ISBN: Category : Business & Economics Languages : en Pages : 260
Author: John Carlson Publisher: Nova Publishers ISBN: 9781590332214 Category : Business & Economics Languages : en Pages : 152
Book Description
Five essays examine issues of restructuring of electricity markets and regulations. The authors generally acknowledge that total deregulation could have disastrous consequences and promote a hybrid restructuring that takes into account certain concerns related to air pollution and consumer rights. Also included are abstracts of 18 journal papers on the same topic. Annotation copyrighted by Book News, Inc., Portland, OR
Author: Eshi Agbadua Publisher: GRIN Verlag ISBN: 3668401438 Category : Business & Economics Languages : en Pages : 60
Book Description
Master's Thesis from the year 2015 in the subject Economics - Case Scenarios, grade: 65, Aston University, language: English, abstract: The slow and deteriorating performance of the electricity power sector over the last few decades triggered the Federal Government of Nigeria to embark on a power sector reform program. This study examines the impact of the power sector reform (restructuring and privatization) on the performance of the electricity sector in Nigeria over the past twenty-five (25) years. Relevant electricity indicators are used to access the performance changes in three significant period; pure state-ownership, transition (restructuring and unbundling) and full privatization of the sector. The study also assesses how the effect of the economic environment, regulatory governance and political climate/effectiveness within the period contributes to the improvements in the electricity sector. The results shows that privatization is associated with improvement in the technical efficiency, access to electricity, electricity consumption per capita and an increase in electricity tariff in the sector. Furthermore, the results highlight the significant relationship between regulatory governance and a robust economy on the performance changes observed in the power industry.
Author: Alberto Asquer Publisher: ISBN: Category : Languages : en Pages : 25
Book Description
Regulatory reforms are often made and implemented with the aim to introduce some competitive mechanisms in infrastructure industries which were previously regulated through public ownership. The impact of these reforms on the organisation and behaviour of infrastructure industries, however, may result in partial restructuring of the regulated sector only and may not deliver the expected performance improvements. This paper aims to address this issue by analysing and discussing the regulatory reforms and the industrial restructuring which took place in the water, the gas, and the electricity sectors in Italy in the last about 15 years. Each of these three infrastructure industries was subject to regulatory reforms (Act 36/1994, Legislative Decree 164/2000, and Legislative Decree 79/1999 respectively). This paper contrasts and compares these reforms in terms of: economic regulatory institutions, tariff setting mechanisms, spacial organisation of the services, degree of involvement of the private sector, and industrial restructuring. The impact of these reforms is assessed along the dimensions of: degree of openness to new entrants, market power retained by the incumbents, concentration of the industry, prices, and investments. On the whole, although the reforms of the water, gas, and electricity industries in Italy present unique features and effects, they all resulted in relatively modest achievements in terms of competitive pressures. This has consequences in terms of relative stability of prices and reliance on public funds for financing infrastructure development.
Author: Ioannis Nicolaos Kessides Publisher: World Bank Publications ISBN: Category : Business & Economics Languages : en Pages : 328
Book Description
Electricity, natural gas, telecommunications, railways, and water supply, are often vertically and horizontally integrated state monopolies. This results in weak services, especially in developing and transition economies, and for poor people. Common problems include low productivity, high costs, bad quality, insufficient revenue, and investment shortfalls. Many countries over the past two decades have restructured, privatized and regulated their infrastructure. This report identifies the challenges involved in this massive policy redirection. It also assesses the outcomes of these changes, as well as their distributional consequences for poor households and other disadvantaged groups. It recommends directions for future reforms and research to improve infrastructure performance, identifying pricing policies that strike a balance between economic efficiency and social equity, suggesting rules governing access to bottleneck infrastructure facilities, and proposing ways to increase poor people's access to these crucial services.
Author: Peter Choynowski
Author: Peter Choynowski
Author: Peter Choynowski
Author: Vivien Foster
Author: Paul L. Joskow
Author: United States. Congress. House. Committee on Small Business. Subcommittee on Regulatory Reform and Paperwork Reduction
Author: John Carlson
Author: Eshi Agbadua
Author: 
Author: Alberto Asquer
Author: Ioannis Nicolaos Kessides