Case for international coordination of electricity regulation: evidence from the measurement of efficiency in South America

By: Contributor(s): Material type: TextTextSeries: Policy Research Working Paper, no. 2907Publication details: Washington, D C World Bank 2002Description: 34 pSubject(s): DDC classification:
  • 338.476213 E8C2
Summary: A decade long experience shows that monitoring the performance of public and private monopolies in South America is proving to be the hard part of the reform process. The operators who control most of the information needed for regulatory purposes have little interest in volunteering their dissemination unless they have an incentive to do so. The authors argue that, in spite of, and maybe because of, a much weaker information base and governance structure, South America's electricity sector could pursue an approach that relies on performance rankings based on comparative efficiency measures. The authors show that with the rather modest data currently available publicly, such an approach could yield useful results. They provide estimates of efficiency levels in South America's main distribution companies between 1994 and 2000. Moreover, the authors show how relatively simple tests can be used by regulators to check the robustness of their results and strengthen their position at regulatory hearings. http://documents.worldbank.org/curated/en/613641468758690428/The-case-for-international-coordination-of-electricity-regulation-evidence-from-the-measurement-of-efficiency-in-South-America
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Books Vikram Sarabhai Library Rack 22-B / Slot 890 (0 Floor, East Wing) General Stacks 338.476213 E8C2 (Browse shelf(Opens below)) Available 155769

A decade long experience shows that monitoring the performance of public and private monopolies in South America is proving to be the hard part of the reform process. The operators who control most of the information needed for regulatory purposes have little interest in volunteering their dissemination unless they have an incentive to do so. The authors argue that, in spite of, and maybe because of, a much weaker information base and governance structure, South America's electricity sector could pursue an approach that relies on performance rankings based on comparative efficiency measures. The authors show that with the rather modest data currently available publicly, such an approach could yield useful results. They provide estimates of efficiency levels in South America's main distribution companies between 1994 and 2000. Moreover, the authors show how relatively simple tests can be used by regulators to check the robustness of their results and strengthen their position at regulatory hearings.

http://documents.worldbank.org/curated/en/613641468758690428/The-case-for-international-coordination-of-electricity-regulation-evidence-from-the-measurement-of-efficiency-in-South-America

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