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2022 | OriginalPaper | Buchkapitel

From the Market to the State: New Lessons from Regional Experiences with Power Sector Reform

verfasst von : Rabindra Nepal, Anupama Sen, Tooraj Jamasb

Erschienen in: Revisiting Electricity Market Reforms

Verlag: Springer Nature Singapore

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Abstract

Developing economies and emerging markets worldwide are set to experience a significant increase in their electricity system financing needs as their electricity demand expands alongside their ambitions for increased regional electricity trade—all of which is underpinned by an ongoing process of power sector reform. However, in this context, they face the dual challenge of decarbonising their electricity systems and ensuring the security of supply to their economies. This chapter revisits the status of power sector reforms in non-OECD Asia and Latin America. It draws new policy lessons from recent experiences, focusing on the re-emerging role of the state in electricity provision, highlighting how government involvement in the sector continues despite the pursuit of wholesale electricity market restructuring and liberalisation, which has thus far failed to meet the financing and investment needs of the electricity sector. Electricity market reforms can involve private and public sector financing using approaches based on ‘competition in the market’ and ‘competition for the market’. We argue that underdeveloped institutional capacity and a lack of effective governance remain impediments to any reform process, requiring effective regulation and an institutional framework that evolves alongside the pursuit of market-oriented reforms in the era of climate change.

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Fußnoten
1
Haney and Pollitt (2013) defined public ownership as encompassing all types of companies that restrict ownership and control rights like traditional state-owned enterprises and municipally owned utilities. Thus, they include both traditional forms of public ownership and new forms of public involvement under public ownership.
 
2
At the time of writing, energy security had risen on the agendas of government’s energy policies worldwide, due to the war in Ukraine.
 
3
See the appendix for some interest cases of increasing involvement of governments in the electricity sectors of Argentina, Brazil, Bolivia, the Dominican Republic, and Venezuela.
 
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Metadaten
Titel
From the Market to the State: New Lessons from Regional Experiences with Power Sector Reform
verfasst von
Rabindra Nepal
Anupama Sen
Tooraj Jamasb
Copyright-Jahr
2022
Verlag
Springer Nature Singapore
DOI
https://doi.org/10.1007/978-981-19-4266-2_1