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Competitive Markets In Electricity Supply: Assessment Of The South American Experience

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  • HUGH RUDNICK

    (Escuela de Ingenieria, Pontificia Universidad Católica de Chile)

Abstract

The paper analyzes the South American experience in the creation of competitive markets in the electric industry, which has pioneered changes worldwide. The changes began in 1982, when Chile formalized an electric power reorganization. Argentina followed in 1992, and then Peru in 1993, Bolivia and Colombia in 1994. The Central American countries and Brazil joined the group in 1997. Venezuela and Ecuador have also started similar processes. The paper contributes with an assessment of the insights gained with the introduction of competition, as well as management challenges and opportunities. Problems in competitive markets operation are identified, along with the regulation of monopolistic activities, transmission access and distribution pricing. The consequent global interaction of the energy markets and related emerging issues are also analyzed.

Suggested Citation

  • Hugh Rudnick, 1998. "Competitive Markets In Electricity Supply: Assessment Of The South American Experience," Abante, Escuela de Administracion. Pontificia Universidad Católica de Chile., vol. 1(2), pages 189-211.
    • Handle: RePEc:pch:abante:v:1:y:1998:i:2:p:189-211
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    File URL: http://www.abante.cl/files/ABT/Contenidos/Vol-1-N2/3%20Rudnick.pdf
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    References listed on IDEAS

    as
    1. Rudnick, Hugh & Raineri, Ricardo, 1997. "Transmission pricing practices in South America," Utilities Policy, Elsevier, vol. 6(3), pages 211-218, September.
    2. Bernstein, Sebastian, 1988. "Competition, marginal cost tariffs and spot pricing in the Chilean electric power sector," Energy Policy, Elsevier, vol. 16(4), pages 369-377, August.
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    Cited by:

    1. Ioannis N. Kessides, 2004. "Reforming Infrastructure : Privatization, Regulation, and Competition," World Bank Publications - Books, The World Bank Group, number 13525.

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    More about this item

    Keywords

    Electric Utilities; Electricity Markets; Utilities Policy; Deregulation; Industrial Organization; Industrial Policy;
    All these keywords.

    JEL classification:

    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities

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