Regulating Electricity and Natural Gas in Peru PDF Download
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Author: Alex Cade Breckel
Publisher:
ISBN:
Category :
Languages : en
Pages : 66
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Book Description
Peru is one of the fastest growing countries in Latin America, thanks in part to industry fueled by generous endowments of hydro power capacity and natural gas reserves. However, investment in electricity generation capacity has not kept pace with the rapid increase in demand and threatens to stymie future economic growth. A flawed regulatory environment is to blame, and specific roadblocks to increased generation investments include a dysfunctional capacity payment system, low administratively determined gas prices, and structural barriers to investment in hydro. This thesis provides an overview of the design, functioning and historical context for energy regulation in Peru; identifies the key barriers to generation investment; analyzes two potential regulatory reforms; and recommends the specific reform that has the most promise for reigniting investment in hydro. Two reforms strike at the root of the current problem: The first, increasing the price of natural gas for power generators up to the economic netback value of LNG exports, would make hydro a viable investment but would hit consumers with very large increases in their electricity bills. An alternative approach, a reform to the capacity payment mechanism, could provide the same benefits in terms of drawing new generator investment but at a much lower cost to consumers. It would also offer benefits for regulatory discretion in the future evolution of the grid.
Author: Alex Cade Breckel
Publisher:
ISBN:
Category :
Languages : en
Pages : 66
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Book Description
Peru is one of the fastest growing countries in Latin America, thanks in part to industry fueled by generous endowments of hydro power capacity and natural gas reserves. However, investment in electricity generation capacity has not kept pace with the rapid increase in demand and threatens to stymie future economic growth. A flawed regulatory environment is to blame, and specific roadblocks to increased generation investments include a dysfunctional capacity payment system, low administratively determined gas prices, and structural barriers to investment in hydro. This thesis provides an overview of the design, functioning and historical context for energy regulation in Peru; identifies the key barriers to generation investment; analyzes two potential regulatory reforms; and recommends the specific reform that has the most promise for reigniting investment in hydro. Two reforms strike at the root of the current problem: The first, increasing the price of natural gas for power generators up to the economic netback value of LNG exports, would make hydro a viable investment but would hit consumers with very large increases in their electricity bills. An alternative approach, a reform to the capacity payment mechanism, could provide the same benefits in terms of drawing new generator investment but at a much lower cost to consumers. It would also offer benefits for regulatory discretion in the future evolution of the grid.
Author: Weltbank
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Hydropower has been the major source of electricity in Peru, traditionally supplying more than 80 percent of electricity requirements, and serving as a source of independent generation for major mines and industries. With the development of natural gas in the early 1990s, and the opening of the Camisea pipeline, the Government of Peru's (GOP's) attention turned to providing incentives for the use of natural gas in power generation. This resulted in a virtual moratorium on hydropower development as a result of the very low price of natural gas (below economic cost). With the development of export markets for gas and increased attention to the impacts of climate change, the Government has recently begun to pay renewed attention to hydropower. Recent developments include: (a) introduction of accelerated depreciation for hydropower investments; (b) introduction of a "discount" to permit hydropower to compete with gas-fired plants in auctions; and (c) announcement of a special hydropower auction to be held in 2009 by ProInversion, the state agency for promoting private investment. The intention of this report is to assist the GOP in assessing the potential role of hydropower in the sector and the measures that could be taken to encourage its continued development as appropriate. The study was done at a particularly challenging time. First, there was considerable volatility in energy prices and investment costs, which needed to be incorporated into the analysis. Second, financial markets were in disarray and it was difficult to predict when conditions were likely to normalize. Third, the GOP recently introduced many new policies and regulatory measures through supreme decrees that are changing the regulatory system and may interact in unexpected ways.
Author: Lucas Noura Guimarães
Publisher: Elsevier
ISBN: 0128195657
Category : Business & Economics
Languages : en
Pages : 397
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Book Description
The Regulation and Policy of Latin American Energy Transitions examines the ongoing revolution within the energy landscape of Latin America. This book includes real-world examples from across the continent to demonstrate the current landscape of energy policy in Latin America. It focuses on distributed energy resources, including distributed generation, energy efficiency and microgrids, but also addresses the role of less common energy sources, such as geothermal and biogas, as well as discusses the changing role of energy actors, where consumers become prosumers or prosumagers, and utilities become service providers. The legal frameworks that are still hampering the transformation of the energy landscape are explored, together with an analysis of the economic, planning-related and social aspects of energy transitions, which can help address the issue of how inequalities are affecting and being affected by energy transitions. The book is suitable for policy makers, lawyers, economists and social science professionals working with energy policy, as well as researchers and industry professionals in the field. It is an ideal source for anyone involved in energy policy and regulation across Latin America. - Reviews key legal and policy features defining success and failure within the diverse Latin American energy transitions - Provides clear descriptions and comparisons of current and potential future policy frameworks in Latin America across differing social, economic, geo-political and policy contexts - Analyzes the potential role of new technologies and practices in developing the region's energy economy - Poses key regulatory challenges and possible means to finance the envisioned transitions
Author: OECD
Publisher: OECD Publishing
ISBN: 926431086X
Category :
Languages : en
Pages : 126
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Book Description
As “market referees”, regulators contribute to the delivery of essential public utilities. Their organisational culture, behaviour and governance are important factors in how regulators, and the sectors they oversee, perform. The report uses the OECD Performance Assessment Framework ...
Author:
Publisher:
ISBN:
Category : Electronic book
Languages : en
Pages :
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Book Description
Author: Ronald D. Fischer
Publisher:
ISBN:
Category : Electric utilities
Languages : en
Pages : 66
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Book Description
Author:
Publisher:
ISBN:
Category : Electric utilities
Languages : en
Pages : 66
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Book Description
Author: Ignacio J. Pérez-Arriaga
Publisher: Springer Science & Business Media
ISBN: 1447150341
Category : Business & Economics
Languages : en
Pages : 735
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Book Description
Regulation of the Power Sector is a unified, consistent and comprehensive treatment of the theories and practicalities of regulation in modern power-supply systems. The need for generation to occur at the time of use occasioned by the impracticality of large-scale electricity storage coupled with constant and often unpredictable changes in demand make electricity-supply systems large, dynamic and complex and their regulation a daunting task. Arranged in four parts, this book addresses both traditional regulatory frameworks and also liberalized and re-regulated environments. First, an introduction gives a full characterization of power supply including engineering, economic and regulatory viewpoints. The second part presents the fundamentals of regulation and the third looks at the regulation of particular components of the power sector in detail. Advanced topics and subjects still open or subject to dispute form the content of Part IV. In a sector where regulatory design is the key driver of both the industry efficiency and the returns on investment, Regulation of the Power Sector is directed at regulators, policy decision makers, business managers and researchers. It is a pragmatic text, well-tested by the authors’ quarter-century of experience of power systems from around the world. Power system professionals and students at all levels will derive much benefit from the authors’ wealth of blended theory and real-world-derived know-how.
Author:
Publisher:
ISBN:
Category : Holding companies
Languages : en
Pages : 996
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Book Description
Author: OECD
Publisher: OECD Publishing
ISBN: 9264686762
Category :
Languages : en
Pages : 92
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Book Description
The review discusses OSITRAN's good practices, analyses the key drivers of its performance, and proposes an integrated reform package to help the regulator prepare for the future.
