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Meeting the Balance of Electricity Supply and Demand in Latin America and the Caribbean


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  • Rigoberto Ariel Yepez-Garcia
  • Todd M. Johnson
  • Luis Alberto Andres
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    Economic growth in the Latin America and the Caribbean region has picked up considerably during the past decade or so. This growth has been aided by widespread (earlier and more recent) investments in power generation, transmission, and distribution that increased the provision of electricity services to households, commerce, and industry. This report evaluates a number of critical issues for the power sector in the region in the coming two decades. These include the expected rates of increase in the demand for electricity, the required supply of new generating capacity, the technology and fuel mix of that generating capacity, and the carbon dioxide emissions of the sector. One of the key contributions of this study is the aggregation of individual country plans to the regional and sub regional levels, using a consistent set of data and a common methodology. The report also assesses the important roles of hydropower and natural gas, the way other clean and low-carbon resources can be expanded, the potential and benefits of greater electricity trade, and the role of energy efficiency. By considering the region as a whole, the report highlights the role that individual countries will play in shaping the region's aggregate power sector.

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    Bibliographic Info

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    This book is provided by The World Bank in its series World Bank Publications with number 2334 and published in 2011.

    ISBN: 978-0-8213-8819-8
    Handle: RePEc:wbk:wbpubs:2334

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    Postal: 1818 H Street, N.W., Washington, DC 20433
    Phone: (202) 477-1234
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    Keywords: Environment - Climate Change Mitigation and Green House Gases Energy - Energy and Environment Macroeconomics and Economic Growth - Climate Change Economics Energy - Energy Production and Transportation Environment - Environment and Energy Efficiency;


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    1. Maddock, Rodney & Castano, Elkin & Vella, Frank, 1992. "Estimating Electricity Demand: The Cost of Linearising the Budget Constraint," The Review of Economics and Statistics, MIT Press, MIT Press, vol. 74(2), pages 350-54, May.
    2. Nelson, Charles R & Peck, Stephen C, 1985. "The NERC Fan: A Retrospective Analysis of the NERC Summary Forecasts," Journal of Business & Economic Statistics, American Statistical Association, American Statistical Association, vol. 3(3), pages 179-87, June.
    3. Robert H. Patrick & Frank A. Wolak, 2001. "Estimating the Customer-Level Demand for Electricity Under Real-Time Market Prices," NBER Working Papers, National Bureau of Economic Research, Inc 8213, National Bureau of Economic Research, Inc.
    4. Urga, Giovanni & Walters, Chris, 2003. "Dynamic translog and linear logit models: a factor demand analysis of interfuel substitution in US industrial energy demand," Energy Economics, Elsevier, Elsevier, vol. 25(1), pages 1-21, January.
    5. Henry Lim & Glenn Jenkins, 2000. "Electricity Demand And Electricity Value," Development Discussion Papers, JDI Executive Programs 2000-01, JDI Executive Programs.
    6. Zachariadis, Theodoros & Pashourtidou, Nicoletta, 2007. "An empirical analysis of electricity consumption in Cyprus," Energy Economics, Elsevier, Elsevier, vol. 29(2), pages 183-198, March.
    7. Roy, Joyashree & Sanstad, Alan H. & Sathaye, Jayant A. & Khaddaria, Raman, 2006. "Substitution and price elasticity estimates using inter-country pooled data in a translog cost model," Energy Economics, Elsevier, Elsevier, vol. 28(5-6), pages 706-719, November.
    8. Smith, V. Kerry, 1980. "Estimating the price elasticity of US electricity demand," Energy Economics, Elsevier, Elsevier, vol. 2(2), pages 81-85, April.
    9. Shin, Jeong-Shik, 1985. "Perception of Price When Price Information Is Costly: Evidence from Residential Electricity Demand," The Review of Economics and Statistics, MIT Press, MIT Press, vol. 67(4), pages 591-98, November.
    10. Murray, Michael P, et al, 1978. "The Demand for Electricity in Virginia," The Review of Economics and Statistics, MIT Press, MIT Press, vol. 60(4), pages 585-600, November.
    11. Charles R. Nelson & Stephen C. Peck & Robert G. Uhler, 1989. "The NERC Fan in Retrospect and Lessons for the Future," The Energy Journal, International Association for Energy Economics, International Association for Energy Economics, vol. 0(Number 2), pages 91-107.
    12. Lijesen, Mark G., 2007. "The real-time price elasticity of electricity," Energy Economics, Elsevier, Elsevier, vol. 29(2), pages 249-258, March.
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    Cited by:
    1. Rigoberto Ariel YĆ©pez-Garcia & Julie Dana, 2012. "Mitigating Vulnerability to High and Volatile Oil Prices : Power Sector Experience in Latin America and the Caribbean," World Bank Publications, The World Bank, The World Bank, number 9341, August.


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