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Regulatory reform in Colombia's electric utilities

Listed author(s):
  • Pombo, Carlos

This paper analyses the porcess of regulatory reform in Colombia´s electric supply industry durint the nineties. In order to provide a compehensive view about the reform´s motivations the first part of the essay describes the key features in the development of the power sector, the institutional structure and the economic performance since the seventies that end up in a general power shortage in 1992. Afterwards, it discuses based on the evolution of some technical indicators the causes of the 1992 power cirsis. The second part emphasizes on the regulatory theory beneath the reform, the privatization process, the new regulatory institutions, and the evolution of the electric spot market. *********************************************************************** Este documento analiza el proceso de reforma regulatioria que sobre la industria de la oferte de energia tuvo lugar en Colombia en la última década del siglo pasado. Para exponer las motivaciones de dicha reforma, la primera parte del documento describe los elementos claves del desarrollo del sector, su estructura institucional y comportamiento económico desde inicios de 1970 en adelante, hasta terminar en la crisis energética de 1992. Posteriormente, con base en algunos indicadores técnicos se discuten las causas de dicha crisis. La segunda parte del ensayo hace énfasis en la teoría regulatoria subyacente a la reforma, el proceso de privatización , las nuevas instituciones regulatorias y la evolución del mercado de oferta eléctrica.

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Article provided by Elsevier in its journal The Quarterly Review of Economics and Finance.

Volume (Year): 41 (2001)
Issue (Month): 5 ()
Pages: 683-711

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Handle: RePEc:eee:quaeco:v:41:y:2001:i:5:p:683-711
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