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Competitive Markets In Electricity Supply: Assessment Of The South American Experience

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  • HUGH RUDNICK

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    (Escuela de Ingenieria, Pontificia Universidad Católica de Chile)

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    Abstract

    The paper analyzes the South American experience in the creation of competitive markets in the electric industry, which has pioneered changes worldwide. The changes began in 1982, when Chile formalized an electric power reorganization. Argentina followed in 1992, and then Peru in 1993, Bolivia and Colombia in 1994. The Central American countries and Brazil joined the group in 1997. Venezuela and Ecuador have also started similar processes. The paper contributes with an assessment of the insights gained with the introduction of competition, as well as management challenges and opportunities. Problems in competitive markets operation are identified, along with the regulation of monopolistic activities, transmission access and distribution pricing. The consequent global interaction of the energy markets and related emerging issues are also analyzed.

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    File URL: http://eacc10.puc.cl/files/ABT/Contenidos/Vol-1-N2/3%20Rudnick.pdf
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    Bibliographic Info

    Article provided by Escuela de Administracion. Pontificia Universidad Católica de Chile. in its journal ABANTE.

    Volume (Year): 1 (1998)
    Issue (Month): 2 ()
    Pages: 189-211

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    Handle: RePEc:pch:abante:v:1:y:1998:i:2:p:189-211

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    Web page: http://eacc10.puc.cl/RePEc/pch/
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    Related research

    Keywords: Electric Utilities; Electricity Markets; Utilities Policy; Deregulation; Industrial Organization; Industrial Policy;

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    1. Rudnick, Hugh & Raineri, Ricardo, 1997. "Transmission pricing practices in South America," Utilities Policy, Elsevier, vol. 6(3), pages 211-218, September.
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    Cited by:
    1. Ioannis N. Kessides, 2004. "Reforming Infrastructure : Privatization, Regulation, and Competition," World Bank Publications, The World Bank, number 13525, August.

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