The Case for International Coordination of Electricity Regulation : Evidence from the Measurement of Efficiency in South America
A decade long experience shows that monitoring the performance of public and private monopolies in South America is proving to be the hard part of the reform process. The operators who control most of the information needed for regulatory purposes...
| Main Authors: | , , |
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| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2002/10/2040834/case-international-coordination-electricity-regulation-evidence-measurement-efficiency-south-america http://hdl.handle.net/10986/19211 |
| Summary: | A decade long experience shows that
monitoring the performance of public and private monopolies
in South America is proving to be the hard part of the
reform process. The operators who control most of the
information needed for regulatory purposes have little
interest in volunteering their dissemination unless they
have an incentive to do so. The authors argue that, in spite
of, and maybe because of, a much weaker information base and
governance structure, South America's electricity
sector could pursue an approach that relies on performance
rankings based on comparative efficiency measures. The
authors show that with the rather modest data currently
available publicly, such an approach could yield useful
results. They provide estimates of efficiency levels in
South America's main distribution companies between
1994 and 2000. Moreover, the authors show how relatively
simple tests can be used by regulators to check the
robustness of their results and strengthen their position at
regulatory hearings. |
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