Cost Recovery And Financial Viability Of The Power Sector In Developing Countries
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Cost Recovery And Financial Viability Of The Power Sector In Developing Countries
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Author : Joern Huenteler
language : en
Publisher:
Release Date : 2020
Cost Recovery And Financial Viability Of The Power Sector In Developing Countries written by Joern Huenteler and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with categories.
Cost Recovery And Financial Viability Of The Power Sector In Developing Countries
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Author : Ani Balabanyan
language : en
Publisher:
Release Date : 2017
Cost Recovery And Financial Viability Of The Power Sector In Developing Countries written by Ani Balabanyan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.
The financial viability of the power sector is a prerequisite for attracting the investment needed to ensure reliable energy supply, meet universal access targets, and hasten the clean energy transition. Adequate pricing of electricity to allow for cost recovery is also important to minimize the power sector's negative macroeconomic, fiscal, environmental, and social impacts. This paper takes stock of the empirical and conceptual literature on the financial viability and cost recovery of the power sector in developing countries. Time-series data across countries are relatively scarce, but comparing the findings from 21 studies suggests that under-recovery of costs remains pervasive despite decades of efforts by governments and development institutions. Large electricity subsidies continue to burden governments, especially in the Middle East, South Asia, Central Asia, and Sub-Saharan Africa. Reviews by the World Bank and International Monetary Fund on outcomes of their own engagement also conclude that progress on cost recovery in supported countries has been limited. Although the aggregated view obscures fluctuation within individual countries over time, the available evidence suggests that countries progressing toward cost recovery may find themselves backsliding within a few years. As for understanding the circumstances under which progress can be made, a handful of studies point toward a correlation between sector reforms and cost recovery, although few of the studies address obvious endogeneity problems. To provide more solid guidance for future efforts to improve cost recovery, more research is needed on: (i) the determinants and enabling conditions of progress on cost recovery; (ii) tariff reform sequencing; and (iii) institutional arrangements, policies, and regulations that enable countries to sustain cost recovery once it is reached.
Cost Recovery And Financial Viability Of The Power Sector In Developing Countries
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Author : Joern Torsten Huenteler
language : en
Publisher:
Release Date : 2019
Cost Recovery And Financial Viability Of The Power Sector In Developing Countries written by Joern Torsten Huenteler and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
The financial viability of the power sector is a prerequisite for attracting the investment needed to ensure reliable energy supply, meet universal access targets, and hasten the clean energy transition. Adequate pricing of electricity to allow for cost recovery is also important to minimize the power sector?s negative macroeconomic, fiscal, environmental, and social impacts. This paper takes stock of the empirical and conceptual literature on the financial viability and cost recovery of the power sector in developing countries. Time-series data across countries are relatively scarce, but comparing the findings from 21 studies suggests that under-recovery of costs remains pervasive despite decades of efforts by governments and development institutions. Large electricity subsidies continue to burden governments, especially in the Middle East, South Asia, Central Asia, and Sub-Saharan Africa. Reviews by the World Bank and International Monetary Fund on outcomes of their own engagement also conclude that progress on cost recovery in supported countries has been limited. Although the aggregated view obscures fluctuation within individual countries over time, the available evidence suggests that countries progressing toward cost recovery may find themselves backsliding within a few years. As for understanding the circumstances under which progress can be made, a handful of studies point toward a correlation between sector reforms and cost recovery, although few of the studies address obvious endogeneity problems. To provide more solid guidance for future efforts to improve cost recovery, more research is needed on: (i) the determinants and enabling conditions of progress on cost recovery; (ii) tariff reform sequencing; and (iii) institutional arrangements, policies, and regulations that enable countries to sustain cost recovery once it is reached.
Rethinking Power Sector Reform In The Developing World
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Author : Vivien Foster
language : en
Publisher: World Bank Publications
Release Date : 2019-12-05
Rethinking Power Sector Reform In The Developing World written by Vivien Foster and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-12-05 with Science categories.
During the 1990s, a new paradigm for power sector reform was put forward emphasizing the restructuring of utilities, the creation of regulators, the participation of the private sector, and the establishment of competitive power markets. Twenty-five years later, only a handful of developing countries have fully implemented these Washington Consensus policies. Across the developing world, reforms were adopted rather selectively, resulting in a hybrid model, in which elements of market orientation coexist with continued state dominance of the sector. This book aims to revisit and refresh thinking on power sector reform approaches for developing countries. The approach relies heavily on evidence from the past, drawing both on broad global trends and deep case material from 15 developing countries. It is also forward looking, considering the implications of new social and environmental policy goals, as well as the emerging technological disruptions. A nuanced picture emerges. Although regulation has been widely adopted, practice often falls well short of theory, and cost recovery remains an elusive goal. The private sector has financed a substantial expansion of generation capacity; yet, its contribution to power distribution has been much more limited, with efficiency levels that can sometimes be matched by well-governed public utilities. Restructuring and liberalization have been beneficial in a handful of larger middle-income nations but have proved too complex for most countries to implement. Based on these findings, the report points to three major policy implications. First, reform efforts need to be shaped by the political and economic context of the country. The 1990s reform model was most successful in countries that had reached certain minimum conditions of power sector development and offered a supportive political environment. Second, countries found alternative institutional pathways to achieving good power sector outcomes, making a case for greater pluralism. Among the top performers, some pursued the full set of market-oriented reforms, while others retained a more important role for the state. Third, reform efforts should be driven and tailored to desired policy outcomes and less preoccupied with following a predetermined process, particularly since the twenty-first-century century agenda has added decarbonization and universal access to power sector outcomes. The Washington Consensus reforms, while supportive of the twenty-first-century century agenda, will not be able to deliver on them alone and will require complementary policy measures
Financial Viability Of The Electricity Sector In Developing Countries
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Author : Independent Evaluation Group
language : en
Publisher:
Release Date : 2016
Financial Viability Of The Electricity Sector In Developing Countries written by Independent Evaluation Group and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
This Independent Evaluation Group (IEG) Learning Product addresses the effectiveness of World Bank interventions during fiscal years (FY) 2000-2015 in supporting client countries for improving the financial performance and long-term viability of their electricity sectors. Like other IEG learning products, this study is a synthesis of evaluation findings, cross-cutting lessons, and good practices from existing IEG evaluations, supplemented with a targeted literature review. This study compiled a comprehensive inventory of World Bank electricity sector investment projects approved during FY2000-2015 that contain components and covenants for improving sector financial performance and viability. IEG conducted a targeted literature survey to compile the latest analysis on electricity sector financial viability in developing countries and compiled the leading electricity utilities' profitability trends between 2003 and 2013 for a sample of 40 World Bank client countries. The study uses available data to characterize an empirical relationship between sector financial performance and sector outcomes. This study's analysis shows that most investment loans with financial components and covenants for the electricity sector show a moderately satisfactory or better performance regarding their financial performance objectives. This study book is arranged as follows: second chapter is an overview of developing country electricity sector financial performance and financial viability drivers, and it characterizes the link between financial viability and sector outcomes; third chapter covers the role of investment loans in improving sector financial viability and analyzes their performance; fourth chapter covers the role of development policy operations (DPOs) for improving sector financial viability and analyzes their performance; and fifth chapter summarizes the main findings and lessons from World Bank support for sector financial viability and illustrates them with relevant investment loan and DPO examples.
Water Electricity And The Poor
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Author : Kristin Komives
language : en
Publisher: World Bank Publications
Release Date : 2005
Water Electricity And The Poor written by Kristin Komives and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
This book reviews the prevalence and variants of consumer subsidies found in the developing world and the effectiveness of these subsidies for the poor. It places consumer subsidies in a broader social protection framework and compares them with poverty-focused programmes in other sectors using a common metric. It concludes that the most common subsidy instruments perform poorly in comparison with most other transfer mechanisms. Alternative consumption and connection subsidy mechanisms show more promise, especially when combined with complementary non-price approaches to making utility services accessible and affordable to poor households. The many factors contributing to those outcomes are dissected, identifying those that can be controlled and used to improve performance.
Assessment Of Power Sector Reforms In Viet Nam
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Author : Asian Development Bank
language : en
Publisher: Asian Development Bank
Release Date : 2015-09-01
Assessment Of Power Sector Reforms In Viet Nam written by Asian Development Bank and has been published by Asian Development Bank this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-09-01 with Business & Economics categories.
Viet Nam envisions a completely competitive power sector in the long term, including full wholesale and retail competition. To attain this goal, it unbundled its power sector's monopoly structure and instituted institutional, regulatory, and pricing reforms. Although considerable progress has been made, implementation has not been expeditious, with the government still retaining a strong vested ownership and management interest in the power sector. Further restructuring is needed to ensure complete independence of the system players and to attain pricing transparency. In this country report, the Asian Development Bank assesses Viet Nam's experience in reforming its power sector for insights that other Asian developing economies could find useful when pursuing their own power sector planning and policy and strategy formulation.
Design And Performance Of Policy Instruments To Promote The Development Of Renewable Energy
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Author : Gabriela Elizondo Azuela
language : en
Publisher: World Bank Publications
Release Date : 2012-07-13
Design And Performance Of Policy Instruments To Promote The Development Of Renewable Energy written by Gabriela Elizondo Azuela and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-07-13 with Business & Economics categories.
Renewable energy plays an important role in contributing to the transition toward low-carbon development growth, in enhancing technology diversification and hedging against fuel price volatility, in strengthening economic growth, and in facilitating access to electricity. The global trends indicate a growing commitment to renewable energy development from developed and developing countries in both the introduction of specific policy levers and investment flows. Developing countries have now a long history of designing and implementing specific policy and regulatory instruments to promote renewable energy. Today, feed-in tariff policies are being implemented in about 25 developing countries and quantity based instruments, most notably auction mechanisms, are increasingly being adopted by upper middle income countries. This paper summarizes the results of a recent review of the emerging experience with the design and implementation of price and quota based instruments to promote renewable energy in a sample of six representative developing countries and transition economies. The paper discusses the importance of a tailor-made approach to policy design and identifies the basic elements that have proven instrumental to policy effectiveness, including adequate tariff levels, long term policy or contractual commitments, mandatory access to the grid and incremental cost pass-through. Ultimately, a low carbon development growth in the developing world depends on the availability of resources to finance the solutions that exhibit incremental costs. Policies introduced to support renewable energy development should be designed and introduced in combination with strategies that clearly identify sources of finance and establish a sustainable incremental cost recovery mechanism (for example, using concessional financial flows from developed countries to leverage private financing, strengthening the performance of utilities and distribution companies, or allowing the partial pass-through of incremental costs to consumer tariffs with a differentiated burden sharing that protects the poor). Without question, policy makers will have to ensure that the design of different policy mechanisms and the policy mix per se deliver renewable energy targets with the lowest possible incremental costs and volume of subsidies.
Indonesia
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Author : Asian Development Bank
language : en
Publisher: Asian Development Bank
Release Date : 2016-08-01
Indonesia written by Asian Development Bank and has been published by Asian Development Bank this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-08-01 with Political Science categories.
This latest energy sector assessment, strategy, and road map for Indonesia highlights energy sector performance, major development constraints, and government development plans and strategy. This report reviews previous support from the Asian Development Bank (ADB) and other development partners, and outlines ADB’s future support strategy in Indonesia’s energy sector. This publication provides energy sector background information for ADB investment and technical assistance operations and will inform ADB’s 2016–2019 country partnership strategy for Indonesia.
Electricity Sector Reform In Developing Countries
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Author : Tooraj Jamasb
language : en
Publisher: World Bank Publications
Release Date : 2005
Electricity Sector Reform In Developing Countries written by Tooraj Jamasb and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Electric power categories.
"Driven by ideology, economic reasoning, and early success stories, vast amounts of financial resources and effort have been spent on reforming infrastructure industries in developing countries. It is therefore important to examine whether evidence supports the logic of reforms. The authors review the empirical evidence on electricity reform in developing countries. They find that country institutions and sector governance play an important role in the success and failure of reform. And reforms also appear to have increased operating efficiency and expanded access to urban customers. However, the reforms have to a lesser degree passed on efficiency gains to customers, tackled distributional effects, and improved rural access. Moreover, some of the literature is not methodologically robust and on par with general development economics literature. Further, findings on some issues are limited and inconclusive, while other important areas are yet to be addressed. Until we know more, implementation of reforms will be more based on ideology and economic theory rather than solid economic evidence. "--World Bank web site.