Revisiting Policy Options on the Market Structure in the Power Sector

The objectives of this study are 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 unbund...

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Bibliographic Details
Main Author:	World Bank
Format:	Energy Study
Language:	en_US
Published:	Washington, DC 2014
Subjects:	access to electricity approach auctions availability average performance average tariff benchmark competition benchmarking benchmarking approach bulk power burning fossil fuels Capacity building capacity utilization capital costs Capital expenditure capital investment Capital market Carbon carbon dioxide carbon dioxide emissions carbon emissions cash flow coal commercialization competition in generation competitive power market competitive pressure competitive wholesale market competitiveness cost increases cost of energy Cost Recovery degree of concentration demographics diesel distribution companies distribution entity distribution network divestiture econometric methods Econometrics economic conditions economic costs economic efficiency economic factors economic performance Economics economies of scale economies of scope efficiency improvements electric industry electric utilities electricity Electricity Distribution Electricity Generation electricity generators electricity market electricity production electricity reforms electricity sector electricity supply electricity tariff electricity tariffs electricity utilities Emission empirical analysis empirical basis empirical evidence empirical studies end users energy infrastructure energy mix energy policy energy source Energy Transmission Enterprise Performance environmental environments exclusive rights expenditure financial constraints Financial Markets financial risk financial risk management fossil fossil fuels free entry gas generating capacity generation generation capacity generation services generators government policies holding company horizontal integration hydro-power hydroelectric power hydropower impact of regulation incumbent utilities Independent Power Producers industrial prices infrastructure service providers international investors investment incentives Labor Market labor productivity labour productivity load factor lower cost of capital lower tariffs market competition market concentration market conditions market power market reform market regulation market risks MARKET STRUCTURE monopoly monopoly power national income natural gas natural monopoly nuclear power nuclear power plants oil oil imports open access Operational Efficiency outsourcing ownership structure performance indicators petroleum policy instruments policy makers Political Economy pollution POWER power companies power demand power generation power markets Power Producers power purchase power purchase agreements POWER SECTOR power sector reforms power sectors power station power suppliers power supply power system power system operator power systems primary energy private capital private investor private operators private ownership private sector private sector investment Private Sector Participation privatization public good public ownership regulators regulatory agency Regulatory Capacity regulatory framework regulatory reforms renewable energy residential prices retail retail competition retail market retail rates retail sales Retail utilities returns to scale risk management sale sales service reliability single buyer model spread supplier suppliers supply chain supply costs supply industry surplus Sustainable Development tariff rates tenders thermal power thermal power plants total costs trader transaction costs transmission grid transmission infrastructure transmission networks unbundling utilities vertical integration voltage wholesale competition wholesale electricity wholesale electricity market wholesale markets wholesale power wholesale prices wind
Online Access:	http://hdl.handle.net/10986/17146