The Old and the New Reform of Chile’s Power Industry
AbstractChile’s regulatory framework introduced in 1981 remained unchanged for more than 20 years. The reform had a positive effect but several warning signals appeared by the end of the 90s indicating the need to introduce changes. The most important problems were the lack of competition in the generation segment and the reluctance to expand capacity. These problems were appropriately faced by two amendments to the law (2004 -2005). Knowing the experience of Chile is relevant because the lessons learnt can be applied to other countries which have adopted the same model. In addition it illustrates that the power industry can work reasonably well under a “regulated” competition framework, different from the de-regulation model currently being discussed in other countries.
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Bibliographic InfoPaper provided by Centro de Economía Aplicada, Universidad de Chile in its series Documentos de Trabajo with number 226.
Date of creation: 2006
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-04-21 (All new papers)
- NEP-COM-2007-04-21 (Industrial Competition)
- NEP-ENE-2007-04-21 (Energy Economics)
- NEP-HIS-2007-04-21 (Business, Economic & Financial History)
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