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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.

Document type: Journal Article
Citation counts: Altmetric Score Altmetric Score is 2
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IRMA ID 81144320xPUB26
Title Caught between theory and practice: Government, market, and regulatory failure in electricity sector reforms
Author Nepal, Rabindra
Jamasb, Tooraj
Journal Name Economic Analysis and Policy
Publication Date 2015
Volume Number 46
ISSN 0313-5926   (check CDU catalogue  open catalogue search in new window)
Scopus ID 2-s2.0-84938585580
Start Page 16
End Page 24
Total Pages 9
Place of Publication Australia
Publisher Economic Society of Australia Inc.
HERDC Category C1 - Journal Article (DIISR)
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.
Keywords Market liberalization
Electricity restructuring
DOI http://dx.doi.org/10.1016/j.eap.2015.03.001   (check subscription with CDU E-Gateway service for CDU Staff and Students  check subscription with CDU E-Gateway in new window)
 
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