The Political Economy Of Institutional Change In The Electricity Supply Industry

Author : Carlos Rufin
Publisher : Edward Elgar Publishing
ISBN 13 : 9781781957363
Total Pages : 244 pages
Book Rating : 4.63/5 ( download)

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Download or read book The Political Economy of Institutional Change in the Electricity Supply Industry written by Carlos Rufin and published by Edward Elgar Publishing. This book was released on 2003-01-01 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Through a variety of analytical lenses - formal modeling, econometrics and case study comparisons - Carlos Rufín fills a gap in the political economy of second-wave, or microeconomic, reforms around the world. More specifically, he does so in the context of the electricity supply industry, where such reforms have been as problematic as they have been widespread. The author shows that ideological considerations and bargaining over the distribution of economic rents accruing from certain institutional arrangements are powerful shapers of institutional change. At the same time, the legacy of the past does not appear to have a clear or systematic effect on the direction of second-wave reforms that seek to transform existing economic institutions. If distributional conflicts can be resolved, these conclusions provide grounds for optimism about the ability to create new institutions even in countries where little favorable precedent exists.

Author : David G. Victor
Publisher : Cambridge University Press
ISBN 13 : 113946079X
Total Pages : 15 pages
Book Rating : 4.98/5 ( download)

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Download or read book The Political Economy of Power Sector Reform written by David G. Victor and published by Cambridge University Press. This book was released on 2007-02-08 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last fifteen years the world's largest developing countries have initiated market reform in their electric power sectors from generation to distribution. This book evaluates the experiences of five of those countries - Brazil, China, India, Mexico and South Africa - as they have shifted from state-dominated systems to schemes allowing for a larger private sector role. As well as having the largest power systems in their regions and among the most rapidly rising consumption of electricity in the world, these countries are the locus of massive financial investment and the effects of their power systems are increasingly felt in world fuel markets. This accessible volume explains the origins of these reform efforts and offers a theory as to why - despite diverse backgrounds - reform efforts in all five countries have stalled in similar ways. The authors also offer practical advice to improve reform policies.

Author : Rolf W. Künneke
Publisher : Edward Elgar Publishing
ISBN 13 : 9781781958346
Total Pages : 272 pages
Book Rating : 4.43/5 ( download)

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Download or read book Institutional Reform, Regulation and Privatization written by Rolf W. Künneke and published by Edward Elgar Publishing. This book was released on 2005-01-01 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides evolutionary and institutional perspectives on the reform of infrastructure industries, tracing the development of this process in a number of sectors and countries. The contributors contend that infrastructure based industries such as telecommunications, public transport, water management and energy have been increasingly exposed to the dynamism of the market since becoming privatized, and have therefore been stimulated into short-term efficiency and long-term innovation. Drawing on institutional economic theory backed up with case studies such as the California energy crisis, the Dutch gas industry, oil and electricity companies in Spain and the privatization of Schipol airport in Amsterdam the book focuses on process, driving forces, and actors' roles to explain how new balances are established between competing institutions. The degree to which the processes of institutional change are predictable and the effects of deliberate strategic interventions of governments or private actors are explored. Specific technical and sector aspects and their influence on institutional change in various infrastructures are also discussed.

Author : Vivien Foster
Publisher : World Bank Publications
ISBN 13 : 1464814430
Total Pages : 454 pages
Book Rating : 4.33/5 ( download)

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Download or read book Rethinking Power Sector Reform in the Developing World written by Vivien Foster and published by World Bank Publications. This book was released on 2019-12-05 with total page 454 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Mark Cooper
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.44/5 ( download)

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Download or read book The Political Economy of Electricity written by Mark Cooper and published by . This book was released on with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing critical insights that will interest readers ranging from economists to environmentalists, policymakers, and politicians, this book analyzes the economics and technology trends involved in the dilemma of decarbonization and addresses why aggressive policy is required in a capitalist political economy to create a sea change away from fossil fuels. The environmental damage across the globe is a result of the success of capitalist industrialism--250 years of carbon pollution resulting from consumption of fossil fuels to drive the economy and the worldwide aspiration to ever-increasing levels of economic development. But capitalism has also produced the tools to solve the problems it has created in the form of a technological revolution in low-carbon renewables, distributed resources, and intelligent systems to integrate supply and demand. This book comprehensively examines the political economy of electricity and analyzes the challenge of transforming today's electricity sector to meet the dual goals of decarbonization and development expressed in the Paris Agreement. Author Mark Cooper defines the dilemma of development and decarbonization as the great challenge facing the electricity industry and documents how the economic resources costs of a 100 percent-renewable portfolio has declined to the point that decarbonization can pay for itself, making the low-carbon renewable technologies that enable desired environmental and public-health benefits an easy sell. He identifies the substantial benefit of increasing use of information, communications, and advanced control technologies; shows how targeted innovation could speed the transition by a decade or two and lower the overall cost of the transition by as much as half; and explains why the flexible, multi-stakeholder approach of the Paris Agreement is the correct approach.

Author : Lewis T. Evans
Publisher :
ISBN 13 :
Total Pages : 360 pages
Book Rating : 4.01/5 ( download)

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Download or read book Alternating Currents Or Counter-revolution? written by Lewis T. Evans and published by . This book was released on 2005 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lewis Evans and Richard Meade place New Zealand's current institutional arrangements for its electricity sector within the context of successive waves of economic reform. They compare these arrangements with developments internationally, drawing together lessons for future policy making both in New Zealand and overseas. Alternating currents or counter-revolution? is a work of political economy - and the book carefully analyses the interplay between technology, economics and politics that has at different times driven the sector. Controversially, the authors argue that the market reforms of the 1980s and 1990s provided greater supply security than the more centralised arrangements prevailing in the past - and that New Zealand's reversion to more centralised and political control since the late 1990s has resulted in an unstable half-way house that hinders private electricity investments and reinforces this trend.

Author : Anil Hira
Publisher : Bloomsbury Publishing USA
ISBN 13 : 0313057311
Total Pages : 129 pages
Book Rating : 4.11/5 ( download)

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Download or read book Political Economy of Energy in the Southern Cone written by Anil Hira and published by Bloomsbury Publishing USA. This book was released on 2003-03-30 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hira explores the impact of the neoliberal revolution in Latin America, which claims the superiority of markets that are freed from government intervention and restrictions on trade and investment. He examines changes in the energy policy of the Southern Cone (Argentina, Bolivia, Brazil, Chile, Paraguay, and Uruguay) and finds that, contrary to what is claimed and expected, there is a great deal of state intervention that continues through regulatory policy. All around the world, economic markets are in flux. Policies to change these markets are part of the neoliberal revolution that claims the superiority of markets freed from government intervention and restrictions on trade and investment. The general conclusion among most academic and policy analysts who study developing countries is that market liberalization is a foregone conclusion. Developing countries' choices are constrained by two primary factors: first, the burden of massive external debt that forces them to court international finance, and second, the need to gain access to the world's largest markets in Europe and/or the United States, optimally through free trade agreements. The effects of market liberalization, including deregulation, privatization, and integration, require further scrutiny. Hira examines the effects of international market pressures on energy policy at the national, regional, and sectoral levels in Latin America's Southern Cone—Argentina, Bolivia, Brazil, Chile, Paraguay, and Uruguay—who belong to the MERCOSUR common market. Contrary to what is claimed and expected, he finds that a great deal of state intervention continues through regulatory policy. He also provides an thorough set of comparative political economy case studies, along with a discussion of the MERCOSUR process with regards to energy. His analysis of the political economy of electricity and natural gas deregulation is especially relevant in the wake of the California energy crisis, the Enron debacle, and international discussions about energy deregulation. This book is of particular interest to scholars, students, and other researchers involved with Latin American economic development and energy policy.

Author : Tooraj Jamasb
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 78 pages
Book Rating : 4./5 ( download)

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Download or read book Electricity Sector Reform in Developing Countries written by Tooraj Jamasb and published by World Bank Publications. This book was released on 2005 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Driven by ideology, economic reasoning, and early success stories, vast amounts of financial resources and effort have been spent on reforming infrastructure industries in developing countries. It is therefore important to examine whether evidence supports the logic of reforms. The authors review the empirical evidence on electricity reform in developing countries. They find that country institutions and sector governance play an important role in the success and failure of reform. And reforms also appear to have increased operating efficiency and expanded access to urban customers. However, the reforms have to a lesser degree passed on efficiency gains to customers, tackled distributional effects, and improved rural access. Moreover, some of the literature is not methodologically robust and on par with general development economics literature. Further, findings on some issues are limited and inconclusive, while other important areas are yet to be addressed. Until we know more, implementation of reforms will be more based on ideology and economic theory rather than solid economic evidence. "--World Bank web site.

Author : Claude Ménard
Publisher : Edward Elgar Publishing
ISBN 13 : 1848449283
Total Pages : 405 pages
Book Rating : 4.82/5 ( download)

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Download or read book Regulation, Deregulation, Reregulation written by Claude Ménard and published by Edward Elgar Publishing. This book was released on 2009 with total page 405 pages. Available in PDF, EPUB and Kindle. Book excerpt: After 25 years of industry restructuring, regulatory reform and deregulation across many industrial sectors in many countries, it is an appropriate time to take stock of the impacts of these reforms on consumers, producers and overall economic performance. This book contains the latest thinking on these issues by a distinguished international group of scholars. It s a collection of essays for our time that is well worth reading. Paul L. Joskow, Massachusetts Institute of Technology, US The most exciting development in the study of regulation in the past quarter century is research on the incentives that are created by the details of the procedures for creating and enforcing regulatory rules. This book brings together a rich collection of studies that collectively advance our understanding of the effect of regulatory governance on the performance of regulated firms, with important lessons about how to design more effective regulatory instruments and processes. Roger G. Noll, Stanford University, US Cycles of poorly-designed or weakly-enforced regulation, disappointing performance and political over-reaction are now familiar to students of regulated industries. Nourished by recent developments in the economics of incentives, including their transaction costs and property rights dimensions, and written by renowned experts in the field, Regulation, Deregulation, Reregulation is a must-read for all those interested in the economics and politics of regulation. A timely book, the publication of which coincides with the designing of a post-subprime regulatory framework for the financial industry. Jean Tirole, Toulouse School of Economics, France Building on Oliver Williamson s original analysis, the contributors introduce new ideas, different perspectives and provide tools for better understanding changes in the approach to regulation, the reform of public utilities, and the complex problems of governance. They draw largely upon a transaction cost approach, highlighting the challenges faced by major economic sectors and identifying critical flaws in prevailing views on regulation. Deeply rooted in sector analysis, the book conveys a central message of new institutional economics: that theory should be continuously confronted by facts, and reformed or revolutionized accordingly. With its emphasis on the institutional embeddedness of regulatory issues and the problems generated by the benign neglect of institutional factors in the reform of major public utilities, this book will provide a wide-ranging audience with challenging views on the dynamics of regulatory approaches. Economists, political scientists, postgraduate students, researchers and policymakers with an interest in institutional economics and economic organization will find the book to be a stimulating and enlightening read.

Author : Leila Benali
Publisher : Springer
ISBN 13 : 331996268X
Total Pages : 237 pages
Book Rating : 4.89/5 ( download)

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Download or read book Electricity-sector Reforms in the MENA Region written by Leila Benali and published by Springer. This book was released on 2018-10-01 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book uses electricity-sector reforms to question some of the preconceived ideas concerning the MENA region and to provide a broader analysis of related political economy issues. It presents potential further developments of MENA’s electricity-sector reforms, taking into consideration the region’s unique constraints and opportunities, and discusses the practical limits of reform and deregulation. Specifically, it examines the relationship between reforms and oil prices from a new perspective and presents alternatives to the Single Buyer Model. Complementing existing research on electricity-sector reforms in other emerging markets, the book provides a new analytical framework for assessing reforms that can be easily applied to other markets and sectors.