Restructuring and Reliability in the Electricity Industry of OECD Countries: Investigating Causal Relations between Market Reform and Power Supply

Hanee Ryu, Yeonbae Kim, Pilseong Jang and Sergio Aldana
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Hanee Ryu: Hyundai Research Institute, Seoul 03127, Korea
Yeonbae Kim: Technology Management, Economics, and Policy Program, Seoul National University, Seoul 08826, Korea
Pilseong Jang: Science and Technology Policy Institute, Sejong 30147, Korea
Sergio Aldana: Instituto Nacional de Electrificación, Ciudad de Guatemala 01009, Guatemala

Energies, 2020, vol. 13, issue 18, 1-16

Abstract: Power supply security tops the agenda of policies, and it is related to restructuring with the intention of improving efficiency. To investigate relationships between restructuring and reliability in the electricity industry of 15 OECD countries from 1987 to 2013, reliability is measured by the index of the sub-sectors (resources, generation, transmission and distribution, and electricity import), and the effects of the forms of liberalized restructuring—entry, privatization, and vertical divestiture—on sub-sectors are evaluated with the random-effect model. Results indicate that restructuring has a partially negative relationship with reliability, but the effect differs by the type of liberalization and supply sub-sectors.

Keywords: reliability; power supply; restructuring; market reform; random-effect model (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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