Revisiting Electricity Market Reforms

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Revisiting Electricity Market Reforms

Han Phoumin,Rabindra Nepal,Fukunari Kimura,Gazi Salah Uddin,Farhad Taghizadeh-Hesary
Revisiting Electricity Market Reforms Book PDF

Author : Han Phoumin,Rabindra Nepal,Fukunari Kimura,Gazi Salah Uddin,Farhad Taghizadeh-Hesary
Publisher : Springer Nature
Page : 304 pages
File Size : 47,7 Mb
Release : 2022-09-19
Category : Business & Economics
ISBN : 9789811942662

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Revisiting Electricity Market Reforms by Han Phoumin,Rabindra Nepal,Fukunari Kimura,Gazi Salah Uddin,Farhad Taghizadeh-Hesary Pdf

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.

Rethinking Power Sector Reform in the Developing World

Vivien Foster,Anshul Rana
Rethinking Power Sector Reform in the Developing World Book PDF

Author : Vivien Foster,Anshul Rana
Publisher : World Bank Publications
Page : 454 pages
File Size : 44,8 Mb
Release : 2019-12-05
Category : Science
ISBN : 9781464814433

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Rethinking Power Sector Reform in the Developing World by Vivien Foster,Anshul Rana Pdf

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

Power Market Structure

Maria Vagliasindi,John Besant-Jones
Power Market Structure Book PDF

Author : Maria Vagliasindi,John Besant-Jones
Publisher : World Bank Publications
Page : 393 pages
File Size : 53,6 Mb
Release : 2013-03-28
Category : Business & Economics
ISBN : 9780821395578

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Power Market Structure by Maria Vagliasindi,John Besant-Jones Pdf

This study proposes a novel analytical approach for modeling market structures of the power sector, presenting evidence from statistical analysis and a sample of twenty case studies.

Revisiting Public-Private Partnerships in the Power Sector

Maria Vagliasindi
Revisiting Public Private Partnerships in the Power Sector Book PDF

Author : Maria Vagliasindi
Publisher : World Bank Publications
Page : 137 pages
File Size : 42,7 Mb
Release : 2013-04-05
Category : Business & Economics
ISBN : 9780821397626

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Revisiting Public-Private Partnerships in the Power Sector by Maria Vagliasindi Pdf

Given the chronic power shortages faced by numerous developing countries, and the need everywhere to keep pace with demand, understanding the drivers of public private partnerships (PPPs) in energy is critical. While many private electricity projects have been delayed and financing costs have increased, the impact of the global financial crisis was less severe than that of previous crises that originated in developing countries. This resilience stems from developing countries’ need to expand generation capacity, electricity sector reforms and better regulatory frameworks, and short-term solutions (such as rental power plants). The study reports the evidence from statistical analysis and a sample of case studies selected based. It proposes a novel analytical approach to model PPPs, using a two-stage procedure based on Heckman’s sample selection distinguishing between those factors that determine whether private investment in energy takes place, and those that influence the volume of investment. The results of the analysis provide the following conclusions: • Both general governance and regulatory instrument primarily affect investors’ decisions to enter the various power sector markets, not the subsequent level of investment – indicating that investors seem to be adequately protected against risks. • Support mechanisms, like feed-in tariffs, are crucial for attracting investors in renewable generation, but they do not succeed in displacing fossil fuel investment and they could play a bigger role in affecting the level of investment in renewables. • There is a significant trade-off between effectiveness and efficiency of alternative instruments for deploying renewables. Feed-in tariffs tended to be quite effective but to be set on the high side, reducing incentives to cut costs and posing significant strains on already stripped national budgets. Competitive auctions, on the other hand have tended to be efficient but initially low and not always the most effective instrument. • Countries can scale up renewables following different paths. For Brazil, the move from feed-in tariffs to auctions enabled it to both reduce costs and deploy additional capacity. Peru followed in Brazil’s path, opting for auctions instead of introducing feed-in tariffs. On the other hand, China’s move from competitive tenders to feed-in tariffs allowed for discovery effects to determine the right level of prices to attract private investment in renewables.

Revisiting Public-Private Partnerships in the Power Sector

Maria Vagliasindi
Revisiting Public Private Partnerships in the Power Sector Book PDF

Author : Maria Vagliasindi
Publisher : World Bank Publications
Page : 136 pages
File Size : 53,6 Mb
Release : 2013-04-01
Category : Business & Economics
ISBN : 9780821397657

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Revisiting Public-Private Partnerships in the Power Sector by Maria Vagliasindi Pdf

Public private partnerships (PPPs) could play a big role. This report reviews the evidence to date and considers different help outline the relevance of establishing appropriate legal, regulatory, contractual, and fiscal frameworks; and improving market governance to attract private investment in the power sector.

Revisiting the 10-year old Philippine Electric Power Industry Reform Act of 2001 (R.A. 9136) and Its Local Implications

Menandro Abanes
Revisiting the 10 year old Philippine Electric Power Industry Reform Act of 2001 R A 9136 and Its Local Implications Book PDF

Author : Menandro Abanes
Publisher : GRIN Verlag
Page : 30 pages
File Size : 50,8 Mb
Release : 2011-08-12
Category : Political Science
ISBN : 9783640982943

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Revisiting the 10-year old Philippine Electric Power Industry Reform Act of 2001 (R.A. 9136) and Its Local Implications by Menandro Abanes Pdf

Research Paper (postgraduate) from the year 2011 in the subject Business economics - Economic Policy, , course: Energy, power rate, law, public policy, language: English, abstract: After 10 years of implementation of the Electric Power Industry Reform Act of 2001 (Republic Act 9136), there is so much to be desired from its promised and potential reforms and improvements in the power industry and the lives of consumers. The privatization effort of the National Power Corporation (NPC) and its massive debts continues. The electricity rate used and paid by millions of consumers keeps rising. The mismanagement of electric cooperatives and their inexplicable losses persists. This is to revisit the law that sought, among others, to; 1) privatize the government agency tasked to generate, transmit, distribute, and supply energy to the country, 2) unbundle the power sectors to identify which is inefficient and incurring losses, 3) create a Wholesale Electricity Spot Market (WESM) to make the transaction transparent, open and competitive, 4) reduce the power rates. In June 2011, the Philippine President, Benigno Aquino III, signed into law the extension of the implementation of lifeline electricity rate (subsidy) for poor consumers for another 10 years. The wisdom of the R.A. 9136 was that the lifeline rate would be unnecessary after 10 years of the Act because the electricity rate would have been affordable even by poor consumers. On the contrary, after 10 years of R.A. 9136, the Philippines has the highest power rate in Asia. Thus, it is important to review the law in light of the current situation, context and its history.

Handbook on Electricity Markets

Glachant, Jean-Michel,Joskow, Paul L.,Pollitt, Michael G.
Handbook on Electricity Markets Book PDF

Author : Glachant, Jean-Michel,Joskow, Paul L.,Pollitt, Michael G.
Publisher : Edward Elgar Publishing
Page : 672 pages
File Size : 52,8 Mb
Release : 2021-11-12
Category : Business & Economics
ISBN : 9781788979955

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Handbook on Electricity Markets by Glachant, Jean-Michel,Joskow, Paul L.,Pollitt, Michael G. Pdf

With twenty-two chapters written by leading international experts, this volume represents the most detailed and comprehensive Handbook on electricity markets ever published.

Revisiting the 10-year Old Philippine Electric Power Industry Reform Act of 2001 (R.A. 9136) and Its Local Implications

Menandro Abanes
Revisiting the 10 year Old Philippine Electric Power Industry Reform Act of 2001 R A 9136 and Its Local Implications Book PDF

Author : Menandro Abanes
Publisher : GRIN Verlag
Page : 65 pages
File Size : 50,7 Mb
Release : 2011-08
Category : Business & Economics
ISBN : 9783640983162

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Revisiting the 10-year Old Philippine Electric Power Industry Reform Act of 2001 (R.A. 9136) and Its Local Implications by Menandro Abanes Pdf

Research Paper (postgraduate) from the year 2011 in the subject Business economics - Economic Policy, course: Energy, power rate, law, public policy, language: English, abstract: After 10 years of implementation of the Electric Power Industry Reform Act of 2001 (Republic Act 9136), there is so much to be desired from its promised and potential reforms and improvements in the power industry and the lives of consumers. The privatization effort of the National Power Corporation (NPC) and its massive debts continues. The electricity rate used and paid by millions of consumers keeps rising. The mismanagement of electric cooperatives and their inexplicable losses persists. This is to revisit the law that sought, among others, to; 1) privatize the government agency tasked to generate, transmit, distribute, and supply energy to the country, 2) unbundle the power sectors to identify which is inefficient and incurring losses, 3) create a Wholesale Electricity Spot Market (WESM) to make the transaction transparent, open and competitive, 4) reduce the power rates. In June 2011, the Philippine President, Benigno Aquino III, signed into law the extension of the implementation of lifeline electricity rate (subsidy) for poor consumers for another 10 years. The wisdom of the R.A. 9136 was that the lifeline rate would be unnecessary after 10 years of the Act because the electricity rate would have been affordable even by poor consumers. On the contrary, after 10 years of R.A. 9136, the Philippines has the highest power rate in Asia. Thus, it is important to review the law in light of the current situation, context and its history.

Renewable Energy Law in Sub-Saharan Africa

Nana Asare Obeng-Darko
Renewable Energy Law in Sub Saharan Africa Book PDF

Author : Nana Asare Obeng-Darko
Publisher : Taylor & Francis
Page : 137 pages
File Size : 46,9 Mb
Release : 2024-06-03
Category : Law
ISBN : 9781040035009

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Renewable Energy Law in Sub-Saharan Africa by Nana Asare Obeng-Darko Pdf

This book contributes to the broader discussion on the development of renewable energy sources for a clean and sustainable energy to drive sustainable growth, energy security and sustainable development. Focusing on sub-Sahara African perspectives, with Ghana as the central case study, this book focuses on how regulatory regimes can be designed to achieve renewable energy targets for electricity production. Exploring the regulatory rationales behind the government’s intervention in the Ghanaian renewable energy sector, it examines whether the regulatory measures adopted by the Ghanaian government are sufficient to attract adequate investment to meet renewable energy integration targets. Assessing the regulatory frameworks of the renewable energy sectors of The Gambia and Nigeria, the book compares these countries to the regulatory approaches to renewable energy development in Ghana. Arguing that there are significant regulatory issues impeding renewable energy development in Ghana, with wider consequences across sub-Saharan Africa, the book suggests solutions which can establish a robust and an effective regulatory framework to achieve renewable energy developmental targets. A comprehensive read, this volume will appeal to scholars and researchers of sustainable development, law and legal studies, environmental laws, development economics, applied industrial economics, energy security, African economy, public policy and regulatory policy. It will also be of interest to professionals and practitioners in policy circles and research think tanks.

Renewable Energy Auctions

Anton Eberhard,Professor Emeritus and Senior Scholar Anton Eberhard,Wikus Kruger
Renewable Energy Auctions Book PDF

Author : Anton Eberhard,Professor Emeritus and Senior Scholar Anton Eberhard,Wikus Kruger
Publisher : Oxford University Press
Page : 513 pages
File Size : 42,8 Mb
Release : 2024-02-16
Category : Business & Economics
ISBN : 9780192871701

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Renewable Energy Auctions by Anton Eberhard,Professor Emeritus and Senior Scholar Anton Eberhard,Wikus Kruger Pdf

Renewable Energy Auctions provides an overview of renewable energy auctions globally, focusing on the Global South, since this is where auctions have been pioneered and provided most transformative results. Renewable energy auctions have become the dominant method for contracting utility-scale renewable energy projects, in large part due to the cost-efficient tariffs secured through this method. The ascent of auctions has been particularly rapid and transformative in the Global South, where many countries have secured renewable energy supplies at record-breaking prices. This book analyses the experiences of frontier auction markets in Latin America, sub-Saharan Africa, and India, with the aim of improving how auctions are designed and implemented globally. The book goes beyond the topic of auction design - which is concerned with the micro-economics of design choices - to include auction implementation. Across ten chapters, the authors argue that choices around the auction implementing institution and the procurement process are overlooked in most publications on the subject, yet this is often a key factor for determining outcomes. Moving beyond the program level of analysis (auction design and implementation), the book includes both country and project level factors' impacts on auction outcomes, ultimately highlighting that successful price and investment outcomes are dependent upon integration of all three levels of auction design and implementation.

The Evolution of Electricity Markets in Europe

Leonardo Meeus
The Evolution of Electricity Markets in Europe Book PDF

Author : Leonardo Meeus
Publisher : Edward Elgar Publishing
Page : 192 pages
File Size : 53,9 Mb
Release : 2020-11-27
Category : Business & Economics
ISBN : 9781789905472

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The Evolution of Electricity Markets in Europe by Leonardo Meeus Pdf

Bridging theory and practice, this book offers insights into how Europe has experienced the evolution of modern electricity markets from the end of the 1990s to the present day. It explores defining moments in the process, including the four waves of European legislative packages, landmark court cases, and the impact of climate strikes and marches.

Labor and Product Market Reforms and External Imbalances: Evidence from Advanced Economies

Mr.Romain A Duval,Davide Furceri,João Tovar Jalles
Labor and Product Market Reforms and External Imbalances Evidence from Advanced Economies Book PDF

Author : Mr.Romain A Duval,Davide Furceri,João Tovar Jalles
Publisher : International Monetary Fund
Page : 31 pages
File Size : 43,5 Mb
Release : 2021-02-26
Category : Business & Economics
ISBN : 9781513570747

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Labor and Product Market Reforms and External Imbalances: Evidence from Advanced Economies by Mr.Romain A Duval,Davide Furceri,João Tovar Jalles Pdf

We explore the impact of major labor and product market reforms on current account dynamics using a new “narrative” database of major changes in employment protection for regular workers and product market regulation for non-manufacturing industries covering 26 advanced economies over the past four decades. Our main finding is that product market deregulation is associated with a weakening of the current account, while labor market deregulation is associated with an improvement. These effects are transitory and driven by both saving and investment responses. Labor and product market reforms both have a more positive impact on the current account balance when implemented under weak macroeconomic conditions. Our results are broadly consistent with predictions from recent DSGE models with endogenous producer entry and labor market frictions.

The Oxford Handbook of Japanese Politics

Robert J. Pekkanen,Saadia Pekkanen
The Oxford Handbook of Japanese Politics Book PDF

Author : Robert J. Pekkanen,Saadia Pekkanen
Publisher : Oxford University Press
Page : 1001 pages
File Size : 44,5 Mb
Release : 2021-10-25
Category : Political Science
ISBN : 9780190050993

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The Oxford Handbook of Japanese Politics by Robert J. Pekkanen,Saadia Pekkanen Pdf

"Book Abstract and Keywords: The study of Japanese politics has flourished over the past several decades. This Handbook provides a state-of-the-field overview for students and researchers of Japanese. The volume also serves to introduce Japanese politics to readers less familiar with Japan. In addition, the volume has a theme of "evaluating Japan's democracy." Taken as a whole, the volume provides a positive evaluation of the state of Japan's democracy. The volume is divided into two parts, roughly corresponding to domestic Japanese politics and Japan's international politics. Within the domestic politics part, there are four distinct sections: "Domestic Political Actors and Institutions," covering the Japanese Constitution, electoral systems, prime minister, Diet, bureaucracy, judiciary, and local government; "Political Parties and Coalitions," covering the Liberal Democratic Party, coalition government, Kōmeitō, and the political opposition; "Policymaking and the Public," covering the policymaking process, public opinion, civil society, and populism; and, "Political Economy and Social Policy," covering industrial, energy, social welfare, agricultural, monetary, and immigration policies, as well as social inequality. In the international relations part, there are four sections: "International Relations Frameworks," covering grand strategy, international organizations, and international status; "International Political Economy," covering trade, finance, foreign direct investment, the environment, economic regionalism, and the linkage between security and economics; "International Security," covering remilitarization, global and regional security multilateralism, nuclear nonproliferation, naval power, space security, and cybersecurity; and, "Foreign Relations" covering Japan's relations with the United States, China, South Korea, ASEAN, India, the European Union, and Russia. Keywords: international relations, comparative politics, democracy, international order, alliances, space security, elections, Liberal Democratic Party, multilateralism, remilitarization, international organizations, populism, civil society, coalitions, political parties, trade, finance monetary policy, foreign direct investment, cybersecurity"--

Electricity Auctions

Luiz Maurer,Luiz Barroso
Electricity Auctions Book PDF

Author : Luiz Maurer,Luiz Barroso
Publisher : World Bank Publications
Page : 181 pages
File Size : 44,9 Mb
Release : 2011-07-25
Category : Business & Economics
ISBN : 9780821388242

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Electricity Auctions by Luiz Maurer,Luiz Barroso Pdf

Electricity-contract auctions have been getting increased attention as they have emerged as a successful mechanism to procure new generation capacity and. This book presents a comprehensive overview of international experiences in auction design and implementation.

Race for the Exits

Leonard J. Schoppa
Race for the Exits Book PDF

Author : Leonard J. Schoppa
Publisher : Cornell University Press
Page : 272 pages
File Size : 55,9 Mb
Release : 2011-07-15
Category : Political Science
ISBN : 9780801461804

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Race for the Exits by Leonard J. Schoppa Pdf

Contrary to all expectations, Japan's long-term recession has provoked no sustained political movement to replace the nation's malfunctioning economic structure. The country's basic social contract has so far proved resistant to reform, even in the face of persistently adverse conditions. In Race for the Exits, Leonard J. Schoppa explains why it has endured and how long it can last. The postwar Japanese system of "convoy capitalism" traded lifetime employment for male workers against government support for industry and the private (female) provision of care for children and the elderly. Two social groups bore a particularly heavy burden in providing for the social protection of the weak and dependent: large firms, which committed to keeping their core workforce on the payroll even in slow times, and women, who stayed home to care for their homes and families. Using the exit-voice framework made famous by Albert Hirschman, Schoppa argues that both groups have chosen "exit" rather than "voice," depriving the political process of the energy needed to propel necessary reforms in the system. Instead of fighting for reform, firms slowly shift jobs overseas, and many women abandon hopes of accommodating both family and career. Over time, however, these trends have placed growing economic and demographic pressures on the social contract. As industries reduce their domestic operations, the Japanese economy is further diminished. Japan has also experienced a "baby bust" as women opt out of motherhood. Schoppa suggests that a radical break with the Japanese social contract of the past is becoming inevitable as the system slowly and quietly unravels.