IDEAS home Printed from https://ideas.repec.org/a/eee/quaeco/v41y2001i5p683-711.html
   My bibliography  Save this article

Regulatory reform in Colombia's electric utilities

Author

Listed:
  • Pombo, Carlos

Abstract

This paper analyses the porcess of regulatory reform in Colombia´s electric supply industry durint the nineties. In order to provide a compehensive view about the reform´s motivations the first part of the essay describes the key features in the development of the power sector, the institutional structure and the economic performance since the seventies that end up in a general power shortage in 1992. Afterwards, it discuses based on the evolution of some technical indicators the causes of the 1992 power cirsis. The second part emphasizes on the regulatory theory beneath the reform, the privatization process, the new regulatory institutions, and the evolution of the electric spot market. *********************************************************************** Este documento analiza el proceso de reforma regulatioria que sobre la industria de la oferte de energia tuvo lugar en Colombia en la última década del siglo pasado. Para exponer las motivaciones de dicha reforma, la primera parte del documento describe los elementos claves del desarrollo del sector, su estructura institucional y comportamiento económico desde inicios de 1970 en adelante, hasta terminar en la crisis energética de 1992. Posteriormente, con base en algunos indicadores técnicos se discuten las causas de dicha crisis. La segunda parte del ensayo hace énfasis en la teoría regulatoria subyacente a la reforma, el proceso de privatización , las nuevas instituciones regulatorias y la evolución del mercado de oferta eléctrica.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Pombo, Carlos, 2001. "Regulatory reform in Colombia's electric utilities," The Quarterly Review of Economics and Finance, Elsevier, vol. 41(5), pages 683-711.
    • Handle: RePEc:eee:quaeco:v:41:y:2001:i:5:p:683-711
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1062-9769(01)00098-9
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Gilbert,Richard J. & Kahn,Edward P. (ed.), 1996. "International Comparisons of Electricity Regulation," Cambridge Books, Cambridge University Press, number 9780521495905, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Rodrigo Taborda & Julieth Santamaría, 2011. "Productivity growth in electric energy retail in Colombia. A bootstrapped malmquist indices approach," Documentos de Trabajo 9152, Universidad del Rosario.
    2. Carlos Pombo & Manuel Ramirez, 2002. "Privatization in Colombia: a plant performance analysis," Borradores de Investigación 3377, Universidad del Rosario.
    3. Pombo, Carlos & Taborda, Rodrigo, 2006. "Performance and efficiency in Colombia's power distribution system: Effects of the 1994 reform," Energy Economics, Elsevier, vol. 28(3), pages 339-369, May.
    4. Carlos Pombo, 2002. "Regulación de monopolios naturales con información asimétrica: Una introducción," Borradores de Investigación 3442, Universidad del Rosario.
    5. Janet Ruiz-Mendoza, Belizza & Sheinbaum-Pardo, Claudia, 2010. "Electricity sector reforms in four Latin-American countries and their impact on carbon dioxide emissions and renewable energy," Energy Policy, Elsevier, vol. 38(11), pages 6755-6766, November.
    6. Gaona, E.E. & Trujillo, C.L. & Guacaneme, J.A., 2015. "Rural microgrids and its potential application in Colombia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 51(C), pages 125-137.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Giulietti, Monica & Sicca, Renato, 1999. "The liberalisation of the internal market for electricity: what choices for Italy?," Utilities Policy, Elsevier, vol. 8(3), pages 173-182, September.
    2. Imam, M. & Jamasb, T. & Llorca, M. & Llorca, M., 2018. "Power Sector Reform and Corruption: Evidence from Electricity Industry in Sub-Saharan Africa," Cambridge Working Papers in Economics 1801, Faculty of Economics, University of Cambridge.
    3. Kopsakangas-Savolainen, Maria, 2004. "The welfare effects of different pricing schemes for electricity distribution in Finland," Energy Policy, Elsevier, vol. 32(12), pages 1429-1435, August.
    4. Singh, Anoop, 2006. "Power sector reform in India: current issues and prospects," Energy Policy, Elsevier, vol. 34(16), pages 2480-2490, November.
    5. João Lizardo de Araújo, 2001. "A questão do investimento no Setor Elétrico Brasileiro: reforma e crise [The investment in the Brazilian power sector: reform and crisis]," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 11(1), pages 77-96, July.
    6. Murillo, Maria Victoria & Foulon, Carmen Le, 2006. "Crisis and policymaking in Latin America: The case of Chile's 1998-99 electricity crisis," World Development, Elsevier, vol. 34(9), pages 1580-1596, September.
    7. Ugaz, Cecilia, 2001. "A Public Goods Approach to Regulation of Utilities," WIDER Working Paper Series 009, World Institute for Development Economic Research (UNU-WIDER).
    8. Eduardo Saavedra, "undated". "Opportunistic Behavior and Legal Disputes in the Chilean Electricity Sector," ILADES-UAH Working Papers inv130, Universidad Alberto Hurtado/School of Economics and Business.
    9. Mumcu, Ayşe & Oğur, Serhan & Zenginobuz, Unal, 2001. "Competition between regulated and non-regulated generators on electric power networks," MPRA Paper 376, University Library of Munich, Germany.
    10. Bernard, Jean-Thomas & Guertin, Chantal, 2000. "Nodal Pricing and Transmissions Losses. An Application to a Hydroelectric Power System," Cahiers de recherche 0007, GREEN.
    11. Fabien A. Roques & William J. Nuttall & David M. Newbery & Richard de Neufville & Stephen Connors, 2006. "Nuclear Power: A Hedge against Uncertain Gas and Carbon Prices?," The Energy Journal, , vol. 27(4), pages 1-24, October.
    12. Glachant, Jean-Michel, 1998. "England's wholesale electricity market: could this hybrid institutional arrangement be transposed to the European Union?1," Utilities Policy, Elsevier, vol. 7(2), pages 63-74, June.
    13. Zenon, Eric & Rosellon, Juan, 2010. "Expansión de las Redes de Transmisión Eléctrica en Norteamérica: Teoría y Aplicaciones [The Expansion of Electricity Networks in North America: Theory and Applications]," MPRA Paper 26470, University Library of Munich, Germany.
    14. Dyner, Isaac & Larsen, Erik R., 2001. "From planning to strategy in the electricity industry," Energy Policy, Elsevier, vol. 29(13), pages 1145-1154, November.
    15. Garrués-Irurzun, Josean, 2010. "Market power versus regulatory power in the Spanish electricity system, 1973-1996," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(2), pages 655-666, February.
    16. Imam, Mahmud I. & Jamasb, Tooraj & Llorca, Manuel, 2019. "Sector reforms and institutional corruption: Evidence from electricity industry in Sub-Saharan Africa," Energy Policy, Elsevier, vol. 129(C), pages 532-545.
    17. Newbery, David M, 1995. "Removing coal subsidies : Implications for European electricity markets," Energy Policy, Elsevier, vol. 23(6), pages 523-533, June.
    18. Preetum Domah & Michael Pollitt & Jon Stern, 2002. "Modelling the Costs of Electricity Regulation: Evidence of Human Resource Constraints in Developing Countries," Working Papers EP11, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
    19. Arango, Santiago & Dyner, Isaac & Larsen, Erik R., 2006. "Lessons from deregulation: Understanding electricity markets in South America," Utilities Policy, Elsevier, vol. 14(3), pages 196-207, September.
    20. Newbery, D., 2008. "Accounting for and finance of generation investment," Cambridge Working Papers in Economics 0830, Faculty of Economics, University of Cambridge.

    More about this item

    JEL classification:

    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:quaeco:v:41:y:2001:i:5:p:683-711. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/620167 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.