Reshaping Power Markets-Lessons from Chile and Argentina
Power sector reforms in Chile and Argentina are now roughly fourteen and four years old. In both countries, restructuring and deregulation have increased efficiency, led to active entry by new generators, improved the quality of supply, and reduced prices in real terms. The authors' review of experience in both systems confirms that policymakers must apply effective measures to introduce and preserve competition. In Chile, a major concern is the predominance of one generator in one of the two systems.
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| Summary: | Power sector reforms in Chile and
Argentina are now roughly fourteen and four years old. In
both countries, restructuring and deregulation have
increased efficiency, led to active entry by new generators,
improved the quality of supply, and reduced prices in real
terms. The authors' review of experience in both
systems confirms that policymakers must apply effective
measures to introduce and preserve competition. In Chile, a
major concern is the predominance of one generator in one of
the two systems. |
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