A Template for Power Reform
The author argues that since competition is more effective than regulation in promoting efficiency, separating the potentially competitive parts of the industry from the natural monopoly parts that must remain regulated is good public policy. If th...
| Main Author: | |
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| Format: | Viewpoint |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/1995/09/441465/template-power-reform http://hdl.handle.net/10986/11652 |
| Summary: | The author argues that since competition
is more effective than regulation in promoting efficiency,
separating the potentially competitive parts of the industry
from the natural monopoly parts that must remain regulated
is good public policy. If this "de-integration" is
possible, he says, it should be done, or at least the option
should be kept open through continued public ownership of
the transmission system. And on the question of
privatization, he cites recent experience with power sector
reform that suggests that efficiency depends more on the
form of regulation than on the form of ownership. |
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