Issues and Options for Restructuring Electricity Supply Industries

摘要: The electricity supply industry is highly capital-intensive, whose success depends critically upon the management of its investment. In most developing countries investment poorly managed, maintained, and often inadequate. Inadequate regulation or political control lead to low prices that undermine finance give poor incentives for operation. paper argues must be carefully designed provide efficient adequate guarantees sustain operations only then will privatisation improve performance benefit consumers. discusses evidence these claims, circumstances required full unbundling liberalisation successful, those where Single Buyer Model continued, ideally reformed, state ownership, may preferable, at least until conditions improve.