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Restructuring and Reliability in the Electricity Industry of OECD Countries: Investigating Causal Relations between Market Reform and Power Supply

Author

Listed:
  • Hanee Ryu

    (Hyundai Research Institute, Seoul 03127, Korea)

  • Yeonbae Kim

    (Technology Management, Economics, and Policy Program, Seoul National University, Seoul 08826, Korea)

  • Pilseong Jang

    (Science and Technology Policy Institute, Sejong 30147, Korea)

  • Sergio Aldana

    (Instituto Nacional de Electrificación, Ciudad de Guatemala 01009, Guatemala)

Abstract

Power supply security tops the agenda of policies, and it is related to restructuring with the intention of improving efficiency. To investigate relationships between restructuring and reliability in the electricity industry of 15 OECD countries from 1987 to 2013, reliability is measured by the index of the sub-sectors (resources, generation, transmission and distribution, and electricity import), and the effects of the forms of liberalized restructuring—entry, privatization, and vertical divestiture—on sub-sectors are evaluated with the random-effect model. Results indicate that restructuring has a partially negative relationship with reliability, but the effect differs by the type of liberalization and supply sub-sectors.

Suggested Citation

  • Hanee Ryu & Yeonbae Kim & Pilseong Jang & Sergio Aldana, 2020. "Restructuring and Reliability in the Electricity Industry of OECD Countries: Investigating Causal Relations between Market Reform and Power Supply," Energies, MDPI, vol. 13(18), pages 1-16, September.
    • Handle: RePEc:gam:jeners:v:13:y:2020:i:18:p:4746-:d:412354
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    References listed on IDEAS

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