Regulating the Electricity Sector in Latin America
AbstractDuring the past decade most Latin American countries reformed and liberalized their electric sectors. This paper examines these reforms, providing a critical examination of the effects. Late reformers learnt from the experience of earlier reforming countries, and in particular from the Chilean experience. This evolutionary process has meant less regulation of segments that are or can be made to be competitive (generation and commercial services) and more regulation of the non-competitive sectors (transmission and distribution) combined with the vertical disintegration of competitive and noncompetitive segments of the industry. Nevertheless, a market approach to generation must worry about the possibility of strategic behavior by generating companies. Some open questions remain, for example, how to solve the problem of the expansion of the transmission system and how to strike a balance between a regulator that has some freedom of action to react to unforeseen events, and the corresponding fear of regulatory takings.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by LACEA - LATIN AMERICAN AND CARIBBEAN ECONOMIC ASSOCIATION in its journal JOURNAL OF LACEA ECONOMIA.
Volume (Year): (2000)
Issue (Month): ()
Contact details of provider:
electric sector; competition; regulation; Latin America;
Other versions of this item:
- Ronald Fischer & Pablo Serra, 2000. "Regulating the Electricaly Sector in Latin America," Documentos de Trabajo, Centro de EconomÃa Aplicada, Universidad de Chile 86, Centro de Economía Aplicada, Universidad de Chile.
- H32 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Firm
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
- L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
- O25 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ennio Stacchetti, 1999. "Auction Design for the Colombian Electricity Market," Documentos de Trabajo, Centro de EconomÃa Aplicada, Universidad de Chile 62, Centro de Economía Aplicada, Universidad de Chile.
- Vickers, John, 1995. "Competition and Regulation in Vertically Related Markets," Review of Economic Studies, Wiley Blackwell, Wiley Blackwell, vol. 62(1), pages 1-17, January.
- Spiller, Pablo T, 1996. "Institutions and Commitment," Industrial and Corporate Change, Oxford University Press, Oxford University Press, vol. 5(2), pages 421-52.
- Perry, Martin K., 1989. "Vertical integration: Determinants and effects," Handbook of Industrial Organization, Elsevier, in: R. Schmalensee & R. Willig (ed.), Handbook of Industrial Organization, edition 1, volume 1, chapter 4, pages 183-255 Elsevier.
- Lee, Byung-Joo, 1995. "Separability Test for the Electricity Supply Industry," Journal of Applied Econometrics, John Wiley & Sons, Ltd., John Wiley & Sons, Ltd., vol. 10(1), pages 49-60, Jan.-Marc.
- Economides, Nicholas, 1998. "The incentive for non-price discrimination by an input monopolist," International Journal of Industrial Organization, Elsevier, Elsevier, vol. 16(3), pages 271-284, May.
- Catherine D. Wolfram, 1998. "Strategic Bidding in a Multiunit Auction: An Empirical Analysis of Bids to Supply Electricity in England and Wales," RAND Journal of Economics, The RAND Corporation, The RAND Corporation, vol. 29(4), pages 703-725, Winter.
- Brunekreeft, Gert, 1997. "Open access vs. common carriage in electricity supply," Energy Economics, Elsevier, Elsevier, vol. 19(2), pages 225-238, May.
- Pablo T. Spiller & Carlo G. Cardilli, 1997. "The Frontier of Telecommunications Deregulation: Small Countries Leading the Pack," Journal of Economic Perspectives, American Economic Association, American Economic Association, vol. 11(4), pages 127-138, Fall.
- Kaserman, David L & Mayo, John W, 1991. "The Measurement of Vertical Economies and the Efficient Structure of the Electric Utility Industry," Journal of Industrial Economics, Wiley Blackwell, Wiley Blackwell, vol. 39(5), pages 483-502, September.
- William M. Emmons, 1997. "Implications Of Ownership, Regulation, And Market Structure For Performance: Evidence From The U.S. Electric Utility Industry Before And After The New Deal," The Review of Economics and Statistics, MIT Press, MIT Press, vol. 79(2), pages 279-289, May.
- Newbery, D., 2002. "Issues and Options for Restructuring Electricity Supply Industries," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge 0210, Faculty of Economics, University of Cambridge.
- Jamasb, T., 2002. "Reform and Regulation of the Electricity Sectors in Developing Countries," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge 0226, Faculty of Economics, University of Cambridge.
- Alberto Chong & Florencio Lopez-de-Silanes, 2003.
"The Truth About Privatization in Latin America,"
Research Department Publications, Inter-American Development Bank, Research Department
3180, Inter-American Development Bank, Research Department.
- Alberto Chong & Florencio de, 2003. "The Truth about Privatization in Latin America," Yale School of Management Working Papers, Yale School of Management ysm436, Yale School of Management.
- Mota, R.L., 2004. "‘Comparing Brazil and USA electricity performance; what was the impact of privatisation?’," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge 0423, Faculty of Economics, University of Cambridge.
- Ioannis N. Kessides, 2005. "The Challenges of Infrastructure Privatisation," CESifo DICE Report, Ifo Institute for Economic Research at the University of Munich, Ifo Institute for Economic Research at the University of Munich, vol. 3(1), pages 19-25, 04.
- Pollitt, M.G., 2004.
"Electricity Reform in Chile: Lessons for Developing Countries,"
Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge
0448, Faculty of Economics, University of Cambridge.
- M. Pollitt, 2004. "Electricity reform in Chile. Lessons for developing countries," Competition and Regulation in Network Industries, Intersentia, Intersentia, vol. 5(3), pages 221-263, September.
- Michael Pollitt, 2004. "Electricity Reform in Chile Lessons for Developing Countries," Working Papers, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research 0416, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.
- Pineau, Pierre-Olivier & Hira, Anil & Froschauer, Karl, 2004. "Measuring international electricity integration: a comparative study of the power systems under the Nordic Council, MERCOSUR, and NAFTA," Energy Policy, Elsevier, Elsevier, vol. 32(13), pages 1457-1475, September.
- Stern, J., 2000. "Electricity and telecommunications regulatory institutions in small and developing countries," Utilities Policy, Elsevier, Elsevier, vol. 9(3), pages 131-157, September.
- Jamasb, Tooraj, 2006. "Between the state and market: Electricity sector reform in developing countries," Utilities Policy, Elsevier, Elsevier, vol. 14(1), pages 14-30, March.
- Finon, Dominique, 2006. "Incentives to invest in liberalised electricity industries in the North and South. Differences in the need for suitable institutional arrangements," Energy Policy, Elsevier, Elsevier, vol. 34(5), pages 601-618, March.
- Galetovic, Alexander & Muñoz, Cristián M., 2011. "Regulated electricity retailing in Chile," Energy Policy, Elsevier, Elsevier, vol. 39(10), pages 6453-6465, October.
- Escobari, Diego, 2011. "A theoretical model of collusion and regulation in an electricity spot market," MPRA Paper 32178, University Library of Munich, Germany.
- Estache, Antonio & Rossi, Martin, 2004. "Have consumers benefited from the reforms in the electricity distribution sector in Latin America?," Policy Research Working Paper Series, The World Bank 3420, The World Bank.
- Dal Bo, Ernesto & Rossi, Martin A., 2007. "Corruption and inefficiency: Theory and evidence from electric utilities," Journal of Public Economics, Elsevier, Elsevier, vol. 91(5-6), pages 939-962, June.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Roberto Bernal).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.