Efficiency, equity and the environment: Institutional challenges in the restructuring of the electric power industry
In the electric power industry, fundamental changes are underway in Europe, America, Australia, New Zealand and, more recently, in Asia. Rooted in increased deregulation and competition, these changes are likely to radically alter the structure of the industry. Liberalization of electric power markets in the United Kingdom is, for the most part, complete. The generation market in the United States began opening to competition following the 1987 Public Utility Regulatory Policies Act (PURPA). The Energy Policy Act of 1992 set the stage for a much more dramatic change in the industry. The most far-reaching provision of the Act was its electricity title, which opened access to the electric transmission grid. With legal barriers now removed, the traditionally sheltered US electric utility market is becoming increasingly open to entry and competition. A number of important legislative, regulatory and governmental policy initiatives are underway in the Philippines that will have a profound effect on the electric power industry. In Thailand, the National Energy Planning Organization (NEPO) has undertaken a thorough investigation of industry restructuring. This paper summarizes recent international developments in the deregulation and liberalization of electricity markets in the U.K., U.S., Australia, and New Zealand. It focuses on the relevance of these experiences to development underway in the Philippines and Thailand, and presents alternative possible structures likely to emerge in these countries, drawing heavily on the authors' recent experiences in Thailand and the Philippines. The impact of these changes on the business environment for power generation and marketing will be discussed in detail, as will the opportunities these changes create for investment among private power producers.
- Research Organization:
- Principal, Barakat and Chamberlin (US)
- OSTI ID:
- 20050572
- Report Number(s):
- CONF-971214-; TRN: IM200024%%83
- Resource Relation:
- Conference: 10th International Conference and Exhibition for the Power Generating Industries, Dallas, TX (US), 12/09/1997--12/11/1997; Other Information: PBD: [1998]; Related Information: In: Power-Gen '97 International, [2000] pages.
- Country of Publication:
- United States
- Language:
- English
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