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Author: Han Phoumin
Publisher: Springer Nature
ISBN: 9811942668
Category : Business & Economics
Languages : en
Pages : 304
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Book Description
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.
Author: Han Phoumin
Publisher: Springer Nature
ISBN: 9811942668
Category : Business & Economics
Languages : en
Pages : 304
Get Book Here
Book Description
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.
Author: Vivien Foster
Publisher: World Bank Publications
ISBN: 1464814430
Category : Science
Languages : en
Pages : 454
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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: Maria Vagliasindi
Publisher: World Bank Publications
ISBN: 0821395572
Category : Business & Economics
Languages : en
Pages : 393
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Book Description
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.
Author: Fereidoon Sioshansi
Publisher: Elsevier
ISBN: 0080462715
Category : Technology & Engineering
Languages : en
Pages : 687
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Book Description
Since the late 1980s, policy makers and regulators in a number of countries have liberalized, restructured or “deregulated their electric power sector, typically by introducing competition at the generation and retail level. These experiments have resulted in vastly different outcomes - some highly encouraging, others utterly disastrous. However, many countries continue along the same path for a variety of reasons. Electricity Market Reform examines the most important competitive electricity markets around the world and provides definitive answers as to why some markets have performed admirably, while others have utterly failed, often with dire financial and cost consequences. The lessons contained within are direct relevance to regulators, policy makers, the investment community, industry, academics and graduate students of electricity markets worldwide. Covers electicity market liberalization and deregulation on a worldwide scale Features expert contributions from key people within the electricity sector
Author: Maria Vagliasindi
Publisher: World Bank Publications
ISBN: 0821397621
Category : Business & Economics
Languages : en
Pages : 137
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Book Description
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.
Author: Lev S. Belyaev
Publisher: Springer Science & Business Media
ISBN: 1441956123
Category : Political Science
Languages : en
Pages : 258
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Book Description
With the global demand for energy skyrocketing, over the past twenty years many countries have restructured their electric power industries, typically moving from a regulated monopoly to a competitive market structure. The results of these reforms vary significantly from country to country depending on the market organization model and national conditions. This book examines the restructuring in both developed and developing nations, with particular focus on the United States, Great Britain, China, and Russia, and addresses the problems arising from these transitions. The book also contains a comprehensive analysis of different electricity market models and their compatibility with the properties of electric power systems and country conditions. As the most thorough and up to date analysis of the theory and practical experience of electricity deregulation, this book is a must-read for academics, students and researchers with an interest in electric power industry restructuring. It also has direct relevance for engineers, regulators and other decision makers in companies and governmental agencies concerned with energy issues.
Author: International Atomic Energy Agency
Publisher: IAEA Tecdoc Series No. 1789
ISBN: 9789201039163
Category : Technology & Engineering
Languages : en
Pages : 0
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Book Description
Electricity market reforms have been underway worldwide for the last 20 years. They have included restructuring, privatization, regulation and the introduction of market mechanisms in electricity generation and trading. This publication analyses the impacts of these reforms as well as non-reform factors, on the selection of electricity generation technologies, including nuclear power, by investors. A country case study approach has been adopted in developing the material presented in the publication. Each case study is organized around the following themes: rationale for reform; nature of the electricity market reform; how has the reform shaped the allocation of investment risk in electricity markets and how has this risk allocation influenced investor choice of generation technologies; and finally, how have non-reform related factors influenced investors' choice. This publication will be of use by stakeholders in the strategic planning of the electricity sector, including policy makers, policy analysts, policy advisors, power sector regulators and utility operators.
Author:
Publisher:
ISBN:
Category : Electric utilities
Languages : en
Pages : 141
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Book Description
"Electricity market reforms have been underway worldwide for the last 20 years. They have included restructuring, privatization, regulation and the introduction of market mechanisms in electricity generation and trading. This publication analyses the impacts of these reforms as well as non-reform factors, on the selection of electricity generation technologies, including nuclear power, by investors. A country case study approach has been adopted in developing the material presented in the publication. Each case study is organized around the following themes: rationale for reform; nature of the electricity market reform; how has the reform shaped the allocation of investment risk in electricity markets and how has this risk allocation influenced investor choice of generation technologies; and finally, how have non-reform related factors influenced investors' choice. This report will be of use by stakeholders in the strategic planning of the electricity sector, including policy makers, policy analysts, policy advisors, power sector regulators and utility operators"--Publisher's description.
Author: Erkan Erdogdu
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Maria Vagliasindi
Publisher: World Bank Publications
ISBN: 0821397656
Category : Business & Economics
Languages : en
Pages : 136
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Book Description
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.
