Revisiting Electricity Market Reforms

Author: Han Phoumin

Publisher: Springer Nature

ISBN: 9789811942662

Category: Business & Economics

Page: 304

View: 542

This book combines the fundamentals of industrial organization theories based on microeconomic foundations, applied econometrics and environmental and natural resource economics in undertaking a comprehensive review of reforms of the power sector and its impact on industrial and socio-economic performance. The book provides the reader with the intellectual groundwork necessary for understanding the workings and interactions of today’s reforming power markets such as in the ASEAN and East Asia that are striving to achieve the energy policy trilemma of affordability, energy sustainability and energy security. The topics addressed in this book include application of welfare theorems such as competition in and for the market in the electricity sector, market failures such as lack of electricity access, analysis of forecasting models under volatility, energy resource allocation such as renewable energy and competitive market designs of energy markets. Country-specific and region-specific case studies are used to analyze the progress and outcomes of market-driven electricity reforms across the reforming and advanced electricity markets. Therefore, the book derives policy lessons and provides policy recommendations in reforming power markets for the ASEAN and East Asia taking stock of more than three decades of global experience with power sector reforms. The electricity markets case studies are carefully chosen and supported by extensive data analyses as appropriate. This book on energy economics and policy is highly recommended to readers who seek an in-depth and up-to-date integrated overview about the evolving literature and status on electricity market reforms with a particular reference to Asia.
Assessment of Power Sector Reforms in Asia

Author: Asian Development Bank

Publisher: Asian Development Bank

ISBN: 9789292549886

Category: Business & Economics

Page: 236

View: 495

This report examines three economies in different parts of Asia---Georgia, Sri Lanka, and Viet Nam---that introduced power sector reforms in recent years to create a commercially viable and efficient power sector. Each took a different route in moving away from a monopoly state-owned utility toward the common goal of a competitive, market-based, and better-regulated power sector. This report documents the broad spectrum of their power sector reform efforts, experiences, and relative successes as well as shortfalls, then uses international standard indicators to assess their economic, social, and environmental outcomes. Other economies should be able to draw valuable lessons and insights from this report for their own power-sector planning and policy and strategy formulation.
Assessment of Power Sector Reforms in Viet Nam

Author: Asian Development Bank

Publisher: Asian Development Bank

ISBN: 9789292571047

Category: Business & Economics

Page: 139

View: 355

Viet Nam envisions a completely competitive power sector in the long term, including full wholesale and retail competition. To attain this goal, it unbundled its power sector's monopoly structure and instituted institutional, regulatory, and pricing reforms. Although considerable progress has been made, implementation has not been expeditious, with the government still retaining a strong vested ownership and management interest in the power sector. Further restructuring is needed to ensure complete independence of the system players and to attain pricing transparency. In this country report, the Asian Development Bank assesses Viet Nam's experience in reforming its power sector for insights that other Asian developing economies could find useful when pursuing their own power sector planning and policy and strategy formulation.
People and Power

Author: Julian A. Lampietti

Publisher: World Bank Publications

ISBN: STANFORD:36105122989853

Category: Business & Economics

Page: 266

View: 783

The debate on how to conduct pro-poor reforms of utilities frequently condemns tariff-based subsidies as socially regressive. But the empirical insights on household behavior and electricity consumption patterns in this book reveal that, in ECA, where access to utilities is almost universal, the erosion of tariff based subsidies has disproportionately affected the poor, while direct transfers through social benefit systems have often been inadequately targeted. The book suggests alternative strategies for achieving cost-recovery in the electricity sector in a socially and politically acceptable manner, providing lessons that are equally relevant for other utilities and regions.
Power's Promise

Author: Julian A. Lampietti

Publisher: World Bank Publications

ISBN: 0821359002

Category: Business & Economics

Page: 98

View: 186

This study examines the fiscal, efficiency, social, and environmental impact of power sector reforms in seven countries in Europe and central Asia (covering Armenia, Azerbaijan, Georgia, Hungary, Kazakhstan, Moldova and Poland). It includes a CD-ROM containing a pdf of this publication in Russian, plus pdfs of English and Russian versions of the following related titles: i) Utility pricing and the poor: lessons from Armenia; ii) Coping with the cold: heating strategies for eastern Europe and central Asia's urban poor; and iii) Revisiting reform in the energy sector: lessons from Georgia.
Assessment of Power Sector Reforms in Sri Lanka

Author: Asian Development Bank

Publisher: Asian Development Bank

ISBN: 9789292571023

Category: Business & Economics

Page: 130

View: 305

Sri Lanka's power sector reforms were undertaken as part of a larger overall economic recovery effort and much-needed reconstruction program following a 30-year civil war. The power sector's restructuring, primarily geared toward encouraging more competition and improved regulation, has brought about wider access to the grid, lower transmission and distribution losses, and a more efficient generation system; but it was met with limited success in unbundling the power system and in making electricity tariffs cost-based and more efficient. This country report by the Asian Development Bank assesses Sri Lanka's experience in reforming its power sector for lessons and insights that other economies could find useful when pursuing their own power sector planning and policy and strategy formulation.
Assessment of Power Sector Reforms in Georgia

Author: Asian Development Bank

Publisher: Asian Development Bank

ISBN: 9789292549985

Category: Business & Economics

Page: 176

View: 116

Reforms pursued by Georgia in recent years have made its power sector commercially viable as well as more efficient and reliable. Now unbundled and largely privatized, the former state monopoly has developed an operational wholesale market and has made great progress in making its operations and system pricing more efficient. However, it still lacks independent regulatory competence and pricing transparency, and it remains vulnerable to external supply shocks, having to balance shortfalls in domestic hydropower generation with fuel imports for its power stations and with gas imports for its thermal plants. This country report assesses the reform efforts and experiences of Georgia’s power sector for lessons and insights that other economies could find useful in their own power sector planning and policy and strategy formulation.
In the Dark

Author: Fan Zhang

Publisher: South Asia Development Forum

ISBN: 1464811547

Category: Business & Economics

Page: 230

View: 123

Electricity shortages are among the biggest barriers to South Asia's development. Did you know that 30 percent of households in South Asia are not connected to the power grid? Even households and firms that are connected often experience long hours of blackouts. How much do power sector distortions cost South Asian economies? Previous research considers a narrow definition of the power sector which includes generation, transmission, and distribution, but often does not account for the upstream distortions in coal and gas production, downstream distortions from the lack of electricity access, or the pollution generated by fossil-fuel plants. They also address only the fiscal costs of distortions though many distortions do not have a direct fiscal cost. This study offers a comprehensive assessment of the economic cost of energy sector distortions in Bangladesh, India, and Pakistan. It uses microeconomic data from utilities, households, and firms to estimate key parameters for each country. It then uses these parameters to generate precise estimates of the cost of regulatory, institutional, and social and environmental distortions. The study finds that some of the most costly distortions are upstream and downstream. Urgent power sector reforms should be a top priority because they can rapidly and effectively promote economic growth. Smart reforms would reduce the need for massive investments in generation because existing capacity is currently poorly utilized. The report finds that price distortions are often not the most important source of economic cost. Institutional reforms would have a greater and more sustainable effect than energy pricing liberalization alone. Removing price distortions and addressing environmental costs could, however, lead to a sharp increase in electricity prices. Therefore, improving efficiency and providing targeted social assistance to poor and vulnerable households should be prioritized. In the absence of privatization, incentive regulation is likely to be more effective than corporatization to improve efficiency.
Energy, Environmental and Economic Sustainability in East Asia

Author: Soo-Cheol Lee

Publisher: Routledge

ISBN: 9781351013468

Category: Business & Economics

Page: 288

View: 936

This book looks at institutional reforms for the use of energy, water and resources toward a sustainable future in East Asia. The book argues that developments in the East Asian region are critical to global sustainability and acknowledges that there is an increasing degree of mutual reliance among countries in East Asia – primarily China, Japan, Korea and Taiwan. It analyzes environmental impacts stemming from the use of energy, water and mineral resources via economic development in East Asia in the medium to long term (through 2050) through theoretical and empirical modelling. The book also evaluates the ripple effects of environmental and resource policies on each country’s economy and clarifies the direction of institutional reform in energy systems, resources and water use for a sustainable future.
Sustainable Energy and Transportation

Author: Anirudh Gautam

Publisher: Springer

ISBN: 9789811075094

Category: Technology & Engineering

Page: 292

View: 194

This book presents an integrated approach to sustainably fulfilling energy requirements, considering various energy-usage sectors and applicable technologies in those sectors. It discusses smart cities, focusing on the design of urban transport systems and sources of energy for mobility. It also shares thoughts on individual consumption for ensuring the sustainability of energy resources and technologies for emission reductions for both mobility and stationary applications. For the latter, it examines case studies related to energy consumption in the manufacturing sector as well as domestic energy requirements. In addition it explores various distribution and policy aspects related to the power sector and sources of energy such as coal and biomass. This book will serve as a valuable resource for researchers, practitioners, and policymakers alike.
Analysing Social Opposition to Reforms

Author: V Santhakumar

Publisher: SAGE Publications India

ISBN: 9788132100492

Category: Business & Economics

Page: 248

View: 743

This book examines how market contexts shape the opposition of people to public sector reforms, with evidence from the Indian electricity sector. Based on a survey of 7,000 households in 14 Indian states and following a rational choice framework, it analyses the response of households to the prospect of privatization of electricity utilities. Analysing Social Opposition to Reforms: The Electricity Sector in India discusses the possibility of compensating losers and sequencing reform strategies. It uses empirical evidence from the Indian electricity sector to suggest that much of the opposition can be explained in terms of the (short term) losses due to reforms. The book uses insights gained from Indian data to discuss the likelihood of opposition to reforms in other public services and also to examine the performance of electricity reforms in other Asian countries. It is one of the few empirical studies on how gains and losses affect opposition/support to economic/institutional reforms globally and as such is a valuable contribution to development studies, political economy and governance. The book will be of great interest to development professionals, policy makers and researchers.