Download or read book Revisiting Electricity Market Reforms written by Han Phoumin and published by Springer Nature. This book was released on 2022-09-19 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

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

Download or read book Power Market Structure written by Maria Vagliasindi and published by World Bank Publications. This book was released on 2013-03-28 with total page 393 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Revisiting Public Private Partnerships in the Power Sector written by Maria Vagliasindi and published by World Bank Publications. This book was released on 2013-04-05 with total page 137 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Impacts of Electricity Market Reforms on the Choice of Nuclear and Other Generation Technologies written by International Atomic Energy Agency and published by IAEA Tecdoc Series No. 1789. This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Revisiting Public Private Partnerships in the Power Sector written by Maria Vagliasindi and published by World Bank Publications. This book was released on 2013-04-01 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Revisiting the 10 year Old Philippine Electric Power Industry Reform Act of 2001 R A 9136 and Its Local Implications written by Menandro Abanes and published by GRIN Verlag. This book was released on 2011-08 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Handbook on Electricity Markets written by Glachant, Jean-Michel and published by Edward Elgar Publishing. This book was released on 2021-11-12 with total page 672 pages. Available in PDF, EPUB and Kindle. Book excerpt: With twenty-two chapters written by leading international experts, this volume represents the most detailed and comprehensive Handbook on electricity markets ever published.

Download or read book Energy for Development written by Rangaswamy Vedavalli and published by Anthem Press. This book was released on 2007-03-13 with total page 509 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive text offers a rare and insightful investigation into the energy sector of the developing world. ‘Energy for Development’ provides comparative case studies of countries going through the reform process, evaluates reform experience, discusses the lessons that can be learned and identifies challenges faced by these countries at the national and global level. A topical and timely book which seeks to explore the anxieties and insecurities of the global energy sector since 2001.

Download or read book Renewable Energy Law in Sub Saharan Africa written by Nana Asare Obeng-Darko and published by Taylor & Francis. This book was released on 2024-06-03 with total page 137 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Renewable Energy Auctions written by Anton Eberhard and published by Oxford University Press. This book was released on 2024-02-16 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book The Oxford Handbook of Japanese Politics written by Robert J. Pekkanen and published by Oxford University Press. This book was released on 2021-10-25 with total page 1001 pages. Available in PDF, EPUB and Kindle. Book excerpt: "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"--

Download or read book Race for the Exits written by Leonard J. Schoppa and published by Cornell University Press. This book was released on 2011-07-15 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

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.

Download or read book Electricity Restructuring written by Laura Lynne Kiesling and published by A E I Press. This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume explores how Texas's groundbreaking program of electricity restructuring has become a model for truly competitive energy markets in the United States. The authors contend that restructuring in Texas has been successful because the industry is free from federal over...

Download or read book Green Finance Renewable and Non Renewable Energy and COVID 19 written by Syed Jawad Hussain Shahzad and published by Frontiers Media SA. This book was released on 2022-11-25 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Sustainable Energy Transformations Power and Politics written by Sharlissa Moore and published by Routledge. This book was released on 2018-08-20 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses energy transitions and the opportunities and challenges for building sustainable energy systems to improve human capabilities while protecting the environment. Sufficient and secure energy supply is critical to human thriving and socioeconomic development. Yet energy systems are also implicated in the most pressing socio-environmental challenges of our time - climate change, air pollution, and water and land use. This book examines what is arguably the most ambitious vision for a renewable energy based system worldwide. This vision, often called Desertec, is for a regional electricity system supplying North Africa, Europe, and the Middle East with sustainable and affordable power. The behemoth plan would entail building dozens of large-scale solar and wind power plants mostly in North Africa, interconnecting the fragmented transmission infrastructure of 38 Mediterranean countries, and linking North Africa to the European Union (EU) through undersea transmission cables. Within the Mediterranean, the book focuses on Morocco, which is one of the most advanced developing countries in renewable energy scale-up, to understand its motivations for building renewable energy and the effects on sustainable development. The book therefore takes a unique multi-scalar approach to understanding the social and political aspects of energy transitions, weaving together the views of villagers living near Morocco’s first solar energy zone with the perspectives of national decision-makers in Morocco with the views of European policymakers and major transnational energy companies in the Mediterranean region. This book will be of great interest to students, scholars and policymakers interested in energy transitions, sustainable and renewable energy, Mediterranean politics, sustainable development and environment and sustainability more generally.