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Governance Choices and Policy Outcomes in the Latin American and Caribbean Electricity Sector

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  • Morgane De Halleux
  • Antonio Estache
  • Tomas Serebrisky

Abstract

The paper first provides for Latin America and the Caribbean, country specific synthetic quantitative measures of the degree of adoption of common governance reforms of the electricity sector accounting for four key dimensions (market structure, private sector participation, regulatory autonomy and operational organization). These synthetic indicators are then correlated with standard policy performance outcomes measures. This suggests that, as of 2018, reforms could be statistically significantly associated with higher technical quality but not with social or service improvements. This implies that almost 30 years after their adoption and despite recurring reports of failures in these three decades, governance reforms are still not delivering on some promised payoffs, notably the reduction of the energy poverty issues.

Suggested Citation

  • Morgane De Halleux & Antonio Estache & Tomas Serebrisky, 2019. "Governance Choices and Policy Outcomes in the Latin American and Caribbean Electricity Sector," Working Papers ECARES 2019-08, ULB -- Universite Libre de Bruxelles.
    • Handle: RePEc:eca:wpaper:2013/282489
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    References listed on IDEAS

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    Cited by:

    1. Lisa Bagnoli & Salvador Bertomeu-Sanchez & Antonio Estache & Maria Vagliasindi, 2023. "Does the ownership of utilities matter for social outcomes? A survey of the evidence for developing countries," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 26(1), pages 24-43, January.
    2. Lisa Bagnoli & Salvador Bertomeu & Antonio Estache, 2020. "How does the Ownership of Electricity Distribution relate to Energy Poverty in Latin America and the Caribbean ?," Working Papers ECARES 2020-37, ULB -- Universite Libre de Bruxelles.
    3. Cunial, Santiago, 2024. "Policy legacies and energy transitions: Greening policies under sectoral reforms in Argentina and Chile," Energy Policy, Elsevier, vol. 188(C).
    4. Lisa Bagnoli & Salvador Bertomeu & Antonio Estache & Maria Vagliasindi, 2020. "Are the Poor Better Off with Public or Private Utilities ?A Survey of the Academic Evidence on Developing Economies," Working Papers ECARES 2020-24, ULB -- Universite Libre de Bruxelles.
    5. Zabaloy, Maria Florencia & Viego, Valentina, 2022. "Household electricity demand in Latin America and the Caribbean: A meta-analysis of price elasticity," Utilities Policy, Elsevier, vol. 75(C).
    6. León-Vielma, J.E. & Ramos-Real, F.J. & Hernández Hernández, J.F., 2022. "The collapse of Venezuela's electricity sector from an energy governance perspective," Energy Policy, Elsevier, vol. 167(C).
    7. Mohsin, Muhammad & Taghizadeh-Hesary, Farhad & Shahbaz, Muhammad, 2022. "Nexus between financial development and energy poverty in Latin America," Energy Policy, Elsevier, vol. 165(C).
    8. Martinez-Espiñeira, Roberto & Pérez Urdiales, María, 2024. "Water Affordability Measures Under Multiple and Non-Exclusive Sources in Latin America and the Caribbean," IDB Publications (Working Papers) 13395, Inter-American Development Bank.

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    Keywords

    governance choices; policy outcomes; Latin America; Carribean; electricity sector;
    All these keywords.

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