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Regulatory reform in Colombia's electric utilities


  • 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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Suggested Citation

  • Pombo, Carlos, 2001. "Regulatory reform in Colombia's electric utilities," The Quarterly Review of Economics and Finance, Elsevier, vol. 41(5), pages 683-711.
  • Handle: RePEc:eee:quaeco:v:41:y:2001:i:5:p:683-711

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    Cited by:

    1. Rodrigo Taborda & Julieth Santamaría, 2011. "Productivity growth in electric energy retail in Colombia. A bootstrapped malmquist indices approach," DOCUMENTOS DE TRABAJO 009152, UNIVERSIDAD DEL ROSARIO.
    2. Carlos Pombo & Manuel Ramirez, 2002. "Privatization in Colombia: a plant performance analysis," BORRADORES DE INVESTIGACIÓN 003377, UNIVERSIDAD DEL ROSARIO.
    3. Pombo, Carlos & Taborda, Rodrigo, 2006. "Performance and efficiency in Colombia's power distribution system: Effects of the 1994 reform," Energy Economics, Elsevier, vol. 28(3), pages 339-369, May.
    4. Carlos Pombo, 2002. "Regulación de monopolios naturales con información asimétrica: Una introducción," BORRADORES DE INVESTIGACIÓN 003442, UNIVERSIDAD DEL ROSARIO.
    5. Janet Ruiz-Mendoza, Belizza & Sheinbaum-Pardo, Claudia, 2010. "Electricity sector reforms in four Latin-American countries and their impact on carbon dioxide emissions and renewable energy," Energy Policy, Elsevier, vol. 38(11), pages 6755-6766, November.
    6. Gaona, E.E. & Trujillo, C.L. & Guacaneme, J.A., 2015. "Rural microgrids and its potential application in Colombia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 51(C), pages 125-137.

    More about this item

    JEL classification:

    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design


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