Title Rethinking Power Sector Reform in the Developing World (Sustainable Infrastructure Series)
Subtitle
Author Vivien Foster, Anshul Rana
ISBN 9781464814426
List price USD 49.95
Price outside India Available on Request
Original price
Binding Paperback
No of pages 358
Book size 203 X 267 mm
Publishing year 2020
Original publisher The World Bank
Published in India by .
Exclusive distributors Viva Books Private Limited
Sales territory India, Sri Lanka, Bangladesh, Pakistan, Nepal, .
Status New Arrival
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Description:

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.

 

Contents:

Foreword

Acknowledgments

About the Authors

Background Papers

Abbreviations

Key Messages

Overview: Key Findings and Policy Implications • Introduction • Key findings • Policy implications • Conclusions • Notes • References


Part I: Setting the Stage

Chapter 1. What Do We Mean by Power Sector Reform? • Motivation • A brief history of power sector reform • The 1990s power sector reform model • A theory of change • An uncertain future • Notes • References

Chapter 2. How Far Did Power Sector Reform Spread in the Developing World? • Key findings • Conclusion • Note • References

Chapter 3. How Did Political Economy Affect the Uptake of Power Sector Reform? • Introduction • Key findings • Looking ahead • Conclusion • Annex 3A. Global Power Sector Reform Index • Annex 3B. Chi-squared contingency tables • Annex 3C. World Bank support for Power Sector Reform Observatory countries and states • Notes • References

 

Part II: Building Blocks of Reform

Chapter 4. What Has Been Done to Restructure Utilities and Improve Governance? • Introduction • Key findings • Looking ahead • Conclusion • Annex 4A. Utility Restructuring Index, 2015 • Annex 4B. Planning and Procurement Index, 2015 • Annex 4C. Utility Governance Index, 2015 • Annex 4D. Utility Classification, 2015 • Annex 4E. Utility Restructuring Index, 2015 • Notes • References

Chapter 5. What Has the Private Sector Contributed? • Introduction • Key findings • Conclusion • Annex 5 A. Private Sector Participation Index • Annex 5 B. Private Sector Participation Index, 2015 • Notes • References

Chapter 6. Did Countries Establish Meaningful Power Sector Regulation? • Introduction • Key findings • Looking ahead • Conclusion • Annex 6A. Formal (de jure) scores on the Regulatory Performance Index • Annex 6B. Perceived scores on the Regulatory Performance Index • Notes • References

Chapter 7. What Progress Has Been Made with Wholesale Power Markets? • Introduction • Key findings • Looking ahead • Conclusions • Notes • References

 

Part III: Gauging Impact

Chapter 8. Did Power Sector Reforms Improve Efficiency and Cost Recovery? • Introduction • Key findings • Conclusion • Annex 8A. Major studies of cost recovery and financial viability in the power sector in developing countries • Annex 8B. Coverage of quantitative cost recovery analysis undertaken for this chapter • Annex 8C. Indicators of cost recovery and financial viability of power sectors and utilities in case studies • Annex 8D. Indicators of efficiency of utilities in case studies • Notes • References

Chapter 9. Did Power Sector Reform Deliver Better Sector Outcomes? • Introduction • Key findings • Conclusions • Annex 9A. Econometric analysis of power sector reform impacts based on large sample (88 countries) • Annex 9B. Results of econometric analysis of power sector reform impacts based on large sample (88 countries) • Annex 9C. Cross-sectional regression analysis on the impact of power sector reform based on small sample (17 economies) • Notes • References

Boxes

Figures

Maps

Tables

 

About the Authors:

Vivien Foster is the Chief Economist for the Infrastructure Vice Presidency of the World Bank. Throughout her 20 years at the World Bank, she has played a variety of leadership roles and contributed to client dialogue, as well as advisory and lending engagements, in more than 30 countries across Africa, Asia, Europe, Latin America, and the Middle East. She has spearheaded several major policy research initiatives, including: Water, Electricity, and the Poor (2005), examining the distributional impact of utility subsidies; Africa’s Infrastructure (2009), analyzing the continent’s network infrastructure challenges; Building Bridges (2009), detailing China’s growing role as infrastructure financier for Africa; Tracking SDG7: The Energy Progress Report (2013–18), a global dashboard for tracking progress toward the achievement of SDG7 goals for energy; and Regulatory Indicators for Sustainable Energy (RISE) (2016, 2018), monitoring worldwide adoption of good-practice policies to support sustainable energy. She is a graduate of Oxford University; she holds a master’s degree from Stanford University and a PhD from University College London, both in economics.

Anshul Rana is a consultant in the Office of the Chief Economist for the Infrastructure Vice Presidency at the World Bank. He specializes in institutional reform in the power sector. He has also worked on the global dashboard to track progress toward SDG7 goals and on RISE, an Energy Sector Management Assistance Program (ESMAP) product used to monitor policy frameworks to support sustainable energy globally. Prior to joining the World Bank, he taught at the School of Advanced International Studies at Johns Hopkins University, focusing on the political economy of infrastructure development and energy policy in the developing world. He has also worked as a reporter for major newspapers and television networks in India and the United States. He holds a master’s degree in international economics from the School of Advanced International Studies at Johns Hopkins University.

 

Target Audience:

This book is for the people interested in power, electricity, privatization, liberalization and electricity tariffs.

 
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