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The Political Economy of Power Sector Reform

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  • Victor,David G.
  • Heller,Thomas C.

Abstract

Over the last fifteen years the world's largest developing countries have initiated market reform in their electric power sectors from generation to distribution. This book evaluates the experiences of five of those countries - Brazil, China, India, Mexico and South Africa - as they have shifted from state-dominated systems to schemes allowing for a larger private sector role. As well as having the largest power systems in their regions and among the most rapidly rising consumption of electricity in the world, these countries are the locus of massive financial investment and the effects of their power systems are increasingly felt in world fuel markets. This accessible volume explains the origins of these reform efforts and offers a theory as to why - despite diverse backgrounds - reform efforts in all five countries have stalled in similar ways. The authors also offer practical advice to improve reform policies.

Suggested Citation

  • Victor,David G. & Heller,Thomas C. (ed.), 2007. "The Political Economy of Power Sector Reform," Cambridge Books, Cambridge University Press, number 9780521865029.
  • Handle: RePEc:cup:cbooks:9780521865029
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    Cited by:

    1. Valentina Bosetti & David G. Victor, 2011. "Politics and Economics of Second-Best Regulation of Greenhouse Gases: The Importance of Regulatory Credibility," The Energy Journal, , vol. 32(1), pages 1-24, January.
    2. Anupama Sen & Rabindra Nepal & Tooraj Jamasb, 2016. "Rethinking electricity sector reform in developing Asia: Balancing economic and environmental objectives," ASARC Working Papers 2016-06, The Australian National University, Australia South Asia Research Centre.
    3. Gratwick, Katharine Nawaal & Eberhard, Anton, 2008. "Demise of the standard model for power sector reform and the emergence of hybrid power markets," Energy Policy, Elsevier, vol. 36(10), pages 3948-3960, October.

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