 Impact of institutional reforms on the performance of distribution utilities in India – A dynamic panel data analysisVinish Kathuria Energy Policy, 2021, vol. 158, issue C Abstract: The Indian power sector has seen significant institutional changes in the last two decades. After more than 20 years of reforms, the distribution segment is still incurring losses. To quantify these institutional changes, we construct a reform index and then employ data of 55 power utilities from 29 Indian states for 2007–08 to 2015–16 to see the impact of this index on their financial and technical-cum-commercial performance. This paper contributes to the literature in three ways: a) accounting for the maturity of the reforms while calculating the index, b) relying on the dynamic nature of the reforms, and c) carrying out the analysis at the utility level. We find that once the dynamic nature of the data is accounted for and utility-specific variables are controlled, the reform index influences both the financial and the technical-cum-commercial performance of the utilities. An important policy implication of the present study is that as long as the cost-reflective tariff is still prevalent, the commercial viability of utilities cannot be assured. Keywords: Reforms; Unbundling; Price-cost margin; AT&C losses; Dynamic panel data (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:158:y:2021:i:c:s0301421521004304 DOI: 10.1016/j.enpol.2021.112560 Access Statistics for this article Energy Policy is currently edited by N. France More articles in Energy Policy from Elsevier |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.