Caught between theory and practice: government, market, and regulatory failure in electricity sector reforms

Nepal, Rabindra and Jamasb, Tooraj (2015) Caught between theory and practice: government, market, and regulatory failure in electricity sector reforms. Economic Analysis and Policy, 46 16-24. doi:10.1016/j.eap.2015.03.001


Author Nepal, Rabindra
Jamasb, Tooraj
Title Caught between theory and practice: government, market, and regulatory failure in electricity sector reforms
Journal name Economic Analysis and Policy   Check publisher's open access policy
ISSN 0313-5926
Publication date 2015-06
Year available 2015
Sub-type Article (original research)
DOI 10.1016/j.eap.2015.03.001
Open Access Status
Volume 46
Start page 16
End page 24
Total pages 9
Place of publication Brisbane, QLD, Australia
Publisher Economic Society of Australia
Collection year 2016
Language eng
Abstract Electricity sector in many developing countries since the early 1990s have revealed the complexities of introducing market-based reforms in network and infrastructure industries. This paper reflects on the experience to date with the process and outcomes of electricity reforms in smaller electricity systems of less-developed and transition economies. In particular, we use case studies of Belarus and Nepal, two countries that in many respects reflect the current state of reform efforts but have not received much scrutiny in the literature. The evidence suggests similarities in the electricity sectors of less-developed and transition economies, even though the contexts vary significantly. The need to balance economic efficiency, sustainability and social equity, and to maintain adequate investment, remains challenging despite more than two decades of experience with reforms. The dynamics of the electricity supply industry and policy objectives imply that reforms evolve continuously and thus remain work in progress, and their success or failure is a complex function of micro- and macro-economic as well as institutional factors.
Keyword Market liberalisation
Electricity restructuring
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2016 Collection
School of Economics Publications
 
Versions
Version Filter Type
Citation counts: TR Web of Science Citation Count  Cited 1 times in Thomson Reuters Web of Science Article | Citations
Scopus Citation Count Cited 1 times in Scopus Article | Citations
Google Scholar Search Google Scholar
Created: Wed, 11 Mar 2015, 16:39:12 EST by Tammy Crealy on behalf of School of Economics