Power Market Structure : Revisiting Policy Options
The objectives of this power market structure study is to develop a taxonomy of the existing power market structures, as shown by the extent of vertical and horizontal unbundling found among restructured power systems across developing countries; t...
| Main Authors: | , |
|---|---|
| Format: | Publication |
| Language: | English en_US |
| Published: |
Washington, DC: World Bank
2013
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2013/03/17473608/power-market-structure-revisiting-policy-options-power-market-structure-revisiting-policy-options http://hdl.handle.net/10986/13115 |
| Summary: | The objectives of this power market
structure study is to develop a taxonomy of the existing
power market structures, as shown by the extent of vertical
and horizontal unbundling found among restructured power
systems across developing countries; to design an analytical
framework for assessing the desirability of unbundling under
the variety of economic conditions found among developing
countries; and to propose insights for operational guidance
on alternative market structures based on relevant criteria,
in particular on the initial conditions of a country and its
power sector. The study specifically examines whether power
system size and coun¬try per capita income can be reliable
indicators of initial conditions for guiding policy on power
market structure. The results of the analysis carried out
for this study confirm the following conclusions: (i)
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 additional public and private players and greater
private sector participation; and (ii) 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. |
|---|