IDEAS home Printed from https://ideas.repec.org/b/wbk/wbpubs/2334.html
   My bibliography  Save this book

Meeting the Balance of Electricity Supply and Demand in Latin America and the Caribbean

Author

Listed:
  • Rigoberto Ariel Yepez-Garcia
  • Todd M. Johnson
  • Luis Alberto Andres

Abstract

Economic growth in the Latin America and the Caribbean region has picked up considerably during the past decade or so. This growth has been aided by widespread (earlier and more recent) investments in power generation, transmission, and distribution that increased the provision of electricity services to households, commerce, and industry. This report evaluates a number of critical issues for the power sector in the region in the coming two decades. These include the expected rates of increase in the demand for electricity, the required supply of new generating capacity, the technology and fuel mix of that generating capacity, and the carbon dioxide emissions of the sector. One of the key contributions of this study is the aggregation of individual country plans to the regional and sub regional levels, using a consistent set of data and a common methodology. The report also assesses the important roles of hydropower and natural gas, the way other clean and low-carbon resources can be expanded, the potential and benefits of greater electricity trade, and the role of energy efficiency. By considering the region as a whole, the report highlights the role that individual countries will play in shaping the region's aggregate power sector.

Suggested Citation

  • Rigoberto Ariel Yepez-Garcia & Todd M. Johnson & Luis Alberto Andres, 2011. "Meeting the Balance of Electricity Supply and Demand in Latin America and the Caribbean," World Bank Publications - Books, The World Bank Group, number 2334.
  • Handle: RePEc:wbk:wbpubs:2334
    as

    Download full text from publisher

    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/2334/634360PUB0Meet01518B0EXTOP0ID018819.pdf?sequence=1
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Maddock, Rodney & Castano, Elkin & Vella, Frank, 1992. "Estimating Electricity Demand: The Cost of Linearising the Budget Constraint," The Review of Economics and Statistics, MIT Press, vol. 74(2), pages 350-354, May.
    2. Urga, Giovanni & Walters, Chris, 2003. "Dynamic translog and linear logit models: a factor demand analysis of interfuel substitution in US industrial energy demand," Energy Economics, Elsevier, vol. 25(1), pages 1-21, January.
    3. Robert H. Patrick & Frank A. Wolak, 2001. "Estimating the Customer-Level Demand for Electricity Under Real-Time Market Prices," NBER Working Papers 8213, National Bureau of Economic Research, Inc.
    4. Zachariadis, Theodoros & Pashourtidou, Nicoletta, 2007. "An empirical analysis of electricity consumption in Cyprus," Energy Economics, Elsevier, vol. 29(2), pages 183-198, March.
    5. Lijesen, Mark G., 2007. "The real-time price elasticity of electricity," Energy Economics, Elsevier, vol. 29(2), pages 249-258, March.
    6. Charles R. Nelson & Stephen C. Peck & Robert G. Uhler, 1989. "The NERC Fan in Retrospect and Lessons for the Future," The Energy Journal, , vol. 10(2), pages 91-108, April.
    7. Nelson, Charles R & Peck, Stephen C, 1985. "The NERC Fan: A Retrospective Analysis of the NERC Summary Forecasts," Journal of Business & Economic Statistics, American Statistical Association, vol. 3(3), pages 179-187, June.
    8. Silk, Julian I. & Joutz, Frederick L., 1997. "Short and long-run elasticities in US residential electricity demand: a co-integration approach," Energy Economics, Elsevier, vol. 19(4), pages 493-513, October.
    9. Shin, Jeong-Shik, 1985. "Perception of Price When Price Information Is Costly: Evidence from Residential Electricity Demand," The Review of Economics and Statistics, MIT Press, vol. 67(4), pages 591-598, November.
    10. Smith, V. Kerry, 1980. "Estimating the price elasticity of US electricity demand," Energy Economics, Elsevier, vol. 2(2), pages 81-85, April.
    11. Roy, Joyashree & Sanstad, Alan H. & Sathaye, Jayant A. & Khaddaria, Raman, 2006. "Substitution and price elasticity estimates using inter-country pooled data in a translog cost model," Energy Economics, Elsevier, vol. 28(5-6), pages 706-719, November.
    12. Murray, Michael P, et al, 1978. "The Demand for Electricity in Virginia," The Review of Economics and Statistics, MIT Press, vol. 60(4), pages 585-600, November.
    13. Henry Lim & Glenn Jenkins, 2000. "Electricity Demand And Electricity Value," Development Discussion Papers 2000-01, JDI Executive Programs.
    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. Agostini, Claudio A. & Guzmán, Andrés M. & Nasirov, Shahriyar & Silva, Carlos, 2019. "A surplus based framework for cross-border electricity trade in South America," Energy Policy, Elsevier, vol. 128(C), pages 673-684.
    2. Rigoberto Ariel Yépez-Garcia & Julie Dana, 2012. "Mitigating Vulnerability to High and Volatile Oil Prices : Power Sector Experience in Latin America and the Caribbean," World Bank Publications - Books, The World Bank Group, number 9341.
    3. Fuentes-Cortés, Luis Fabián & Flores-Tlacuahuac, Antonio & Ponce-Ortega, José María, 2019. "Integrated utility pricing and design of water-energy rural off-grid systems," Energy, Elsevier, vol. 177(C), pages 511-529.

    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. Espinosa Acuña, Óscar A. & Vaca González, Paola A. & Avila Forero, Raúl A., 2013. "Elasticidades de demanda por electricidad e impactos macroecon_omicos del precio de la energía eléctrica en Colombia || Elasticity of Electricity Demand and Macroeconomics Impacts of Electricity Price," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 16(1), pages 216-249, December.
    2. Espey, James A. & Espey, Molly, 2004. "Turning on the Lights: A Meta-Analysis of Residential Electricity Demand Elasticities," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 36(1), pages 1-17, April.
    3. Fullerton, Thomas M. & Juarez, David A. & Walke, Adam G., 2012. "Residential electricity consumption in Seattle," Energy Economics, Elsevier, vol. 34(5), pages 1693-1699.
    4. Keighton R. Allen & Thomas M. Fullerton, 2019. "Metropolitan Evidence Regarding Small Commercial and Industrial Electricity Consumption," International Journal of Energy Economics and Policy, Econjournals, vol. 9(6), pages 1-11.
    5. Galetovic, Alexander & Muñoz, Cristián M., 2011. "Regulated electricity retailing in Chile," Energy Policy, Elsevier, vol. 39(10), pages 6453-6465, October.
    6. Lijesen, Mark G., 2007. "The real-time price elasticity of electricity," Energy Economics, Elsevier, vol. 29(2), pages 249-258, March.
    7. Haitao Yin & Hui Zhou & Kai Zhu, 2016. "Long- and short-run elasticities of residential electricity consumption in China: a partial adjustment model with panel data," Applied Economics, Taylor & Francis Journals, vol. 48(28), pages 2587-2599, June.
    8. Bernstein, Ronald & Madlener, Reinhard, 2011. "Responsiveness of Residential Electricity Demand in OECD Countries: A Panel Cointegation and Causality Analysis," FCN Working Papers 8/2011, E.ON Energy Research Center, Future Energy Consumer Needs and Behavior (FCN).
    9. Sgouridis, Sgouris & Kennedy, Scott, 2010. "Tangible and fungible energy: Hybrid energy market and currency system for total energy management. A Masdar City case study," Energy Policy, Elsevier, vol. 38(4), pages 1749-1758, April.
    10. Dergiades, Theologos & Tsoulfidis, Lefteris, 2008. "Estimating residential demand for electricity in the United States, 1965-2006," Energy Economics, Elsevier, vol. 30(5), pages 2722-2730, September.
    11. Jianglong Li & Zhi Li, 2018. "Understanding the role of economic transition in enlarging energy price elasticity," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 26(2), pages 253-281, April.
    12. Salari, Mahmoud & Javid, Roxana J., 2016. "Residential energy demand in the United States: Analysis using static and dynamic approaches," Energy Policy, Elsevier, vol. 98(C), pages 637-649.
    13. Mirshojaeian Hosseini , Hossein & Majed , Vahid & Kaneko , Shinji, 2015. "The Effects of Energy Subsidy Reform on Fuel Demand in Iran," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 10(2), pages 23-47, January.
    14. Barrientos, Jorge & Velilla, Esteban & Tobón Orozco, David & Villada, Fernando & López Lezama, Jesús M., 2018. "On the estimation of the price elasticity of electricity demand in the manufacturing industry of Colombia," Revista Lecturas de Economía, Universidad de Antioquia, CIE, issue 88, pages 155-182, January.
    15. Derya Eryilmaz, Timothy M. Smith, and Frances R. Homans, 2017. "Price Responsiveness in Electricity Markets: Implications for Demand Response in the Midwest," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1).
    16. Gans, Will & Alberini, Anna & Longo, Alberto, 2013. "Smart meter devices and the effect of feedback on residential electricity consumption: Evidence from a natural experiment in Northern Ireland," Energy Economics, Elsevier, vol. 36(C), pages 729-743.
    17. Julián Pérez-García & Julián Moral-Carcedo, 2017. "Why Electricity Demand Is Highly Income-Elastic in Spain: A Cross-Country Comparison Based on an Index-Decomposition Analysis," Energies, MDPI, vol. 10(3), pages 1-20, March.
    18. Salari, Mahmoud & Javid, Roxana J., 2017. "Modeling household energy expenditure in the United States," Renewable and Sustainable Energy Reviews, Elsevier, vol. 69(C), pages 822-832.
    19. Okajima, Shigeharu & Okajima, Hiroko, 2013. "Estimation of Japanese price elasticities of residential electricity demand, 1990–2007," Energy Economics, Elsevier, vol. 40(C), pages 433-440.
    20. Csereklyei, Zsuzsanna, 2020. "Price and income elasticities of residential and industrial electricity demand in the European Union," Energy Policy, Elsevier, vol. 137(C).

    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:wbk:wbpubs:2334. 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: Tal Ayalon (email available below). General contact details of provider: https://edirc.repec.org/data/dvewbus.html .

    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.