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Public utility companies in liberalized markets – The impact of management models on local and regional sustainability

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  • Mejía-Dugand, Santiago
  • Hjelm, Olof
  • Baas, Leo

Abstract

This article analyzes how publicly-owned utility companies can remain competitive in liberalized markets. We study EPM, a utility company from Medellín, Colombia. We discuss the company's management model, local laws and regulations affecting it, direct and indirect benefits for the city, and risks resulting from the power it has acquired. It is claimed that early decisions to maintain public ownership of key assets and provide the company with administrative autonomy helped it remain competitive, despite the liberalization of the market. This has allowed the city to increase its revenue and, as a result, its spending on social and environmental projects.

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  • Mejía-Dugand, Santiago & Hjelm, Olof & Baas, Leo, 2017. "Public utility companies in liberalized markets – The impact of management models on local and regional sustainability," Utilities Policy, Elsevier, vol. 49(C), pages 137-144.
    • Handle: RePEc:eee:juipol:v:49:y:2017:i:c:p:137-144
    DOI: 10.1016/j.jup.2017.05.002
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    Cited by:

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    2. María Teresa García-Álvarez & Isabel Soares, 2018. "Empirical assessment of sustainable energy markets in the EU-28," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 20(1), pages 83-108, December.

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