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Titel:
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Market metaphors and electricity sector restructuring: lessons for developing countries
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Auteur(s):
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Gepubliceerd door:
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Publicatie datum:
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ECN
Beleidsstudies
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1997
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ECN publicatienummer:
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Publicatie type:
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ECN-RX--97-050
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Artikel wetenschap tijdschrift
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Aantal pagina's:
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18
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Gepubliceerd in: Presented at the 20th annual international conference of the International Association of Energy Economics, New Delhi, 22-24 Jan (), , , Vol., p.-.
Samenvatting:
The drive towards market conformity and requirements of sustainabilityput dual pressure on energy policy makers. It is by no means unquestionable
whether the market instrument will painlessly and automatically further the
goals of sustainability. The on-going restructuring of the electricity sector
in many industrialized countries bears testimony to the uneasy alliance
between market concepts and sustainability objectives. The purpose of this
paper is to evaluate the experience in industrialized countries critically
with a view to potential pitfalls and opportunities for developing countries,
who are considering reforms. We will do so by first examining what economists
actually imply when they use the metaphor of the market. The divergent
interpretations of the neoclassical, evolutionary and institutional schools
will be illustrated in terms of consequences for the structure and behaviour
of electricity markets. The muddled nature of the motivations for, and
expectations of, recent changes in the electricity sector will thus become
apparent. Next we will summarily describe the crucial differences between the
electricity supply situation in industrialized and developing nations and the
dangers of indiscriminate transfer of market structures and regulatory
approaches. Finally we conclude, that electricity sector restructuring in
developing nations is of utmost importance, but that the experience from
industrialized nations provides circumstantial evidence rather than clear
lessons for reform-minded energy policy makers in developing countries.
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