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Electricity market reform and 'reform of the reforms'

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  • Fereidoon P. Sioshansi

Abstract

For over two decades, policymakers and regulators in a number of countries around the world have been grappling with market reform, liberalisation, restructuring and privatisation issues. Although a great deal has been learned in the process and a blueprint for implementation has emerged, successful market design still remains partly art and partly science. The international experience to date indicates that in most cases, initial market reform leads to unintended consequences, which must be addressed in subsequent 'reform of the reforms'. Aside from this, a number of new issues and concerns have emerged challenging the wisdom and the feasibility of introducing market reform in other markets.

Suggested Citation

  • Fereidoon P. Sioshansi, 2008. "Electricity market reform and 'reform of the reforms'," International Journal of Global Energy Issues, Inderscience Enterprises Ltd, vol. 29(1/2), pages 3-27.
    • Handle: RePEc:ids:ijgeni:v:29:y:2008:i:1/2:p:3-27
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    Citations

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    Cited by:

    1. See, Kok Fong & Coelli, Tim, 2013. "Estimating and decomposing productivity growth of the electricity generation industry in Malaysia: A stochastic frontier analysis," Energy Policy, Elsevier, vol. 62(C), pages 207-214.
    2. Mirza, Faisal Mehmood & Mushtaq, Iqra & Ullah, Kafait, 2017. "Assessing the efficiency dynamics of post reforms electric distribution utilities in Pakistan," Utilities Policy, Elsevier, vol. 47(C), pages 18-28.
    3. Erdogdu, Erkan, 2013. "Essays on Electricity Market Reforms: A Cross-Country Applied Approach," MPRA Paper 47139, University Library of Munich, Germany.
    4. Ullah, Kafait & Arentsen, Maarten J. & Lovett, Jon C., 2017. "Institutional determinants of power sector reform in Pakistan," Energy Policy, Elsevier, vol. 102(C), pages 332-339.

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