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Welfare Impacts of Electricity Generation Sector Reform in the Philippines

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  • Toba, N.
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    Abstract

    This paper reports an empirical investigation into the welfare impacts of an introduction of private sector participation into the Philippines electricity generation sector, by liberalizing the market for independent power producers (IPPs) during the power crisis of 1990-1993. This study uses a social cost and benefit analysis. The main benefits came from IPPs, who contributed to resolving the crisis, and promoted economic and social development. Consumers and investors are net gainers, while the Government lost and there was an air pollution cost. The paper concludes that the reform with private sector participation increased social welfare.

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    File URL: http://www.econ.cam.ac.uk/electricity/publications/wp/ep23.pdf
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    Bibliographic Info

    Paper provided by Faculty of Economics, University of Cambridge in its series Cambridge Working Papers in Economics with number 0316.

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    Length: 34
    Date of creation: Feb 2003
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    Handle: RePEc:cam:camdae:0316

    Note: CMI IO
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    Web page: http://www.econ.cam.ac.uk/index.htm

    Related research

    Keywords: Electricity; Cost-benefit-analysis; Institutional change.;

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    Cited by:
    1. Pollitt, M., 2007. "Evaluating the evidence on electricity reform: Lessons for the South East Europe (SEE) market," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge 0756, Faculty of Economics, University of Cambridge.

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