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Governance Choices and Policy Outcomes in the Latin American and Caribbean Electricity Sector

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  • Morgane De Halleux
  • Antonio Estache
  • Tomas Serebrisky

Abstract

The paper first provides for Latin America and the Caribbean, country specific synthetic quantitative measures of the degree of adoption of common governance reforms of the electricity sector accounting for four key dimensions (market structure, private sector participation, regulatory autonomy and operational organization). These synthetic indicators are then correlated with standard policy performance outcomes measures. This suggests that, as of 2018, reforms could be statistically significantly associated with higher technical quality but not with social or service improvements. This implies that almost 30 years after their adoption and despite recurring reports of failures in these three decades, governance reforms are still not delivering on some promised payoffs, notably the reduction of the energy poverty issues.

Suggested Citation

  • Morgane De Halleux & Antonio Estache & Tomas Serebrisky, 2019. "Governance Choices and Policy Outcomes in the Latin American and Caribbean Electricity Sector," Working Papers ECARES 2019-08, ULB -- Universite Libre de Bruxelles.
  • Handle: RePEc:eca:wpaper:2013/282489
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    References listed on IDEAS

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    1. Luis Andres & José Luis Guasch & Sebastián Lopez Azumendi, 2009. "Regulatory Governance and Sector Performance: Methodology and Evaluation for Electricity Distribution in Latin America," Chapters, in: Claude Ménard & Michel Ghertman (ed.), Regulation, Deregulation, Reregulation, chapter 6, Edward Elgar Publishing.
    2. Scott P. Burger & Christopher R. Knittel & Ignacio J. Pérez-Arriaga & Ian Schneider & Frederik vom Scheidt, 2019. "The Efficiency and Distributional Effects of Alternative Residential Electricity Rate Designs," NBER Working Papers 25570, National Bureau of Economic Research, Inc.
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    4. Luis A. Andrés & Jordan Schwartz & J. Luis Guasch, 2013. "Uncovering the Drivers of Utility Performance : Lessons from Latin America and the Caribbean on the Role of the Private Sector, Regulation, and Governance in the Power, Water, and Telecommunication Se," World Bank Publications, The World Bank, number 15774, July.
    5. Michael Freudenberg, 2003. "Composite Indicators of Country Performance: A Critical Assessment," OECD Science, Technology and Industry Working Papers 2003/16, OECD Publishing.
    6. Tooraj Jamasb & Rabindra Nepal & Govinda R. Timilsina, 2017. "A Quarter Century Effort Yet to Come of Age: A Survey of Electricity Sector Reform in Developing Countries," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3).
    7. Foster,Vivien & Witte,Samantha Helen & Banerjee,Sudeshna Ghosh & Vega Moreno,Alejandro & Foster,Vivien & Witte,Samantha Helen & Banerjee,Sudeshna Ghosh & Vega Moreno,Alejandro, 2017. "Charting the diffusion of power sector reforms across the developing world," Policy Research Working Paper Series 8235, The World Bank.
    8. Polemis, Michael L., 2016. "New evidence on the impact of structural reforms on electricity sector performance," Energy Policy, Elsevier, vol. 92(C), pages 420-431.
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    Keywords

    governance choices; policy outcomes; Latin America; Carribean; electricity sector;
    All these keywords.

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