Electricity Reform in Chile: Lessons for Developing Countries
Michael Pollitt ()
Cambridge Working Papers in Economics from Faculty of Economics, University of Cambridge
Chile was the first country in the world to implement a comprehensive reform of its electricity sector in the recent period. Among developing countries only Argentina has had a comparably comprehensive and successful reform. This paper traces the history of the Chilean reform, which began in 1982, and assesses its progress and its lessons. We conclude that the reform has been very successful. We suggest lessons for the generation, transmission and distribution sectors, as well as the economic regulation of electricity and the general institutional environment favourable to reform. We note that while the initial market structure and regulatory arrangements did give rise to certain problems, the overall experience argues strongly for the private ownership and operation of the electricity industry.
Keywords: Chile; electricity; restructuring; regulation; privatisation. (search for similar items in EconPapers)
JEL-codes: L33 L51 L98 (search for similar items in EconPapers)
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Working Paper: Electricity Reform in Chile Lessons for Developing Countries (2005)
Journal Article: Electricity reform in Chile. Lessons for developing countries (2004)
Working Paper: Electricity Reform in Chile Lessons for Developing Countries (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:cam:camdae:0448
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