Welfare Impacts of Electricity Generation Sector Reform in the Philippines

Natsuko Toba

Cambridge Working Papers in Economics from Faculty of Economics, University of Cambridge

Abstract: This paper reports an empirical investigation into the welfare impacts of an introduction of private sector participation into the Philippines electricity generation sector, by liberalizing 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, who contributed to resolving the crisis, and promoted economic and social development. Consumers and investors are net gainers, while the Government lost and there was an air pollution cost. The paper concludes that the reform with private sector participation increased social welfare.

Keywords: Electricity; Cost-benefit-analysis; Institutional change. (search for similar items in EconPapers)
JEL-codes: D61 L10 L50 L94 O10 (search for similar items in EconPapers)
Pages: 34
Date: 2003-02
New Economics Papers: this item is included in nep-com and nep-ene
Note: CMI IO
References: View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:cam:camdae:0316

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