Power Market Structure and Performance
Unbundling power generation, transmission, and distribution is not an end itself, but rather a means to achieve better performance. The key objective of the analytical framework of this paper is to explore the links between alternative market struc...
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| Format: | Publications & Research |
| Language: | English en_US |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2012/07/16481794/power-market-structure-performance http://hdl.handle.net/10986/11933 |
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okr-10986-119332021-04-23T14:02:58Z Power Market Structure and Performance Vagliasindi, Maria Unbundling power generation, transmission, and distribution is not an end itself, but rather a means to achieve better performance. The key objective of the analytical framework of this paper is to explore the links between alternative market structures and performance (in terms of access, price, quality, and technical and financial performance). The results are crucial for providing policy advice, by offering alternative options to policy makers based on the lessons learned from the taxonomy of different market structures, tailored to different national contexts. The analysis is based on unique data, including a panel of 22 countries for the period beginning in 1989 and extending through 2009. The results of the analysis carried out for this study confirm the following conclusions for policy guidance on power market restructuring for developing countries. First, unbundling delivers results in terms of several performance indicators when used as an entry point to implement broader reforms, particularly introducing a sound regulatory framework, reducing the degree of concentration of the generation and distribution segments of the market by attracting public and private players and private sector participation. Second, there seems to be a credible empirical basis for selecting a threshold power system size and per capita income level below which unbundling of the power supply chain is not expected to be worthwhile. Finally, partial forms of vertical unbundling do not appear to drive improvements, probably because the owner was able to continue exercising control over the affairs of the sector and hinder the development of competitive pressure within the power market. 2012-12-07T18:13:03Z 2012-12-07T18:13:03Z 2012-07 http://documents.worldbank.org/curated/en/2012/07/16481794/power-market-structure-performance http://hdl.handle.net/10986/11933 English en_US Policy Research Working Paper; No. 6123 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| relation |
Policy Research Working Paper; No. 6123 |
| description |
Unbundling power generation,
transmission, and distribution is not an end itself, but
rather a means to achieve better performance. The key
objective of the analytical framework of this paper is to
explore the links between alternative market structures and
performance (in terms of access, price, quality, and
technical and financial performance). The results are
crucial for providing policy advice, by offering alternative
options to policy makers based on the lessons learned from
the taxonomy of different market structures, tailored to
different national contexts. The analysis is based on unique
data, including a panel of 22 countries for the period
beginning in 1989 and extending through 2009. The results of
the analysis carried out for this study confirm the
following conclusions for policy guidance on power market
restructuring for developing countries. First, unbundling
delivers results in terms of several performance indicators
when used as an entry point to implement broader reforms,
particularly introducing a sound regulatory framework,
reducing the degree of concentration of the generation and
distribution segments of the market by attracting public and
private players and private sector participation. Second,
there seems to be a credible empirical basis for selecting a
threshold power system size and per capita income level
below which unbundling of the power supply chain is not
expected to be worthwhile. Finally, partial forms of
vertical unbundling do not appear to drive improvements,
probably because the owner was able to continue exercising
control over the affairs of the sector and hinder the
development of competitive pressure within the power market. |
| format |
Publications & Research |
| author |
Vagliasindi, Maria |
| spellingShingle |
Vagliasindi, Maria Power Market Structure and Performance |
| author_facet |
Vagliasindi, Maria |
| author_sort |
Vagliasindi, Maria |
| title |
Power Market Structure and Performance |
| title_short |
Power Market Structure and Performance |
| title_full |
Power Market Structure and Performance |
| title_fullStr |
Power Market Structure and Performance |
| title_full_unstemmed |
Power Market Structure and Performance |
| title_sort |
power market structure and performance |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2012/07/16481794/power-market-structure-performance http://hdl.handle.net/10986/11933 |
| _version_ |
1764418535144030208 |