Welfare Impacts of Electricity Generation Sector Reform in the Philippines

Natsuko Toba ()
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Natsuko Toba: Asian Development Bank

No 44, ADB Economics Working Paper Series from Asian Development Bank

Abstract: This paper reports an empirical investigation into the welfare impacts of introduction of private sector participation into the Philippine electricity generation sector, through liberalization of the market for independent power producers (IPPs) during the power crisis of 1990–1993. This study uses a social cost and benefit analysis. The main benefits came from IPPs, which contributed to resolving the crisis and promoted economic and social development. Consumers and investors are net gainers, while the government lost and an air pollution cost was incurred. The paper concludes that reform with private sector participation increased social welfare.

Keywords: economic development; electricity generation; independent power producers; Philippines; private sector participation (search for similar items in EconPapers)
JEL-codes: L51 L94 O53 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2003-06-01
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Persistent link: https://EconPapers.repec.org/RePEc:ris:adbewp:0044

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