Transmission Investment in Competitive Power Systems : Decentralizing decisions in Argentina
Recent power outages in Argentina are largely the result of transmission problems that could be solved by more investment. Private concessionaires now operate the main and regional networks, but they are under no obligation to expand capacity. In a...
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| Format: | Viewpoint |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/1999/09/12119923/transmission-investment-competitive-power-systems-decentralizing-decisions-argentina http://hdl.handle.net/10986/11466 |
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okr-10986-114662021-04-23T14:02:55Z Transmission Investment in Competitive Power Systems : Decentralizing decisions in Argentina Abdala, Manuel Angel Chambouleyron, Andres ALTERNATIVE INVESTMENT AMORTIZATION APPROACH ASYMMETRIES OF INFORMATION AUCTION AVAILABILITY BENEFICIARIES BENEFICIARY BEST PRACTICES BID BID PRICE BIDDING PROCESS BIDS BUYERS CAPACITY EXPANSION CAPACITY UTILIZATION CAPITAL COSTS COMPENSATION MECHANISMS CONCESSION CONCESSIONAIRES CONCESSIONS CONGESTION CHARGES CONNECTION CHARGES CURRENT LAW ECONOMIC EFFICIENCY ECONOMIC SIGNALS ECONOMICS EFFICIENT OUTCOMES ELECTRIC POWER ELECTRICITY ELECTRICITY MARKET ENERGY LOSSES ESCROW ESCROW FUND EXPROPRIATION EXTERNALITIES FINANCES FINANCIAL INSTRUMENTS FREE RIDING GENERATION GENERATION COSTS GENERATION DISPATCH GENERATORS GRID OPERATOR GRID OPERATORS INNOVATIONS INVESTMENT COSTS INVESTMENT DECISIONS INVESTMENT INCENTIVES INVESTMENT POLICY INVESTMENT REGULATION LEVY MAINTENANCE COSTS MARKET MECHANISM NETWORK USER NETWORK USERS OPEN ACCESS OPPORTUNISTIC BEHAVIOR OPTIMAL INVESTMENT POWER POWER CAPACITY POWER FLOWS POWER SECTOR POWER SECTORS POWER SYSTEMS PRESENT VALUE PRICE CAPS PRICE INCREASES PRICE OF ELECTRICITY PRICE OF POWER PRICING REGIME PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SECTOR PROPERTY RIGHTS PROTOCOLS REGIONAL NETWORK REGIONAL NETWORKS REGULATION OF PRICES REGULATORY FRAMEWORK RELIABILITY RENTS RESERVES RESULT RETAIL MARKETS RETAIL PRICES RETURNS REVENUE CAP SEARCH SITES SPOT PRICE SUPERVISION TENDERS TRANSACTION TRANSACTION COSTS TRANSMISSION TRANSMISSION ASSETS TRANSMISSION CAPACITY TRANSMISSION CONSTRAINTS TRANSMISSION FACILITIES TRANSMISSION LINE TRANSMISSION LINES USER VOLTAGE WHOLESALE PRICES WHOLESALE TRANSACTIONS Recent power outages in Argentina are largely the result of transmission problems that could be solved by more investment. Private concessionaires now operate the main and regional networks, but they are under no obligation to expand capacity. In a decentralized electricity market such as Argentina's the key to a successful transmission investment policy is coordination among the parties involved. Without coordination, an investment project in one site might affect or even disrupt power flow in another. But user coalitions are difficult to set up because of high transaction costs and in the Argentine system, because investment mechanisms do not provide a clear allocation of property rights to private investors. Investment decision making for capacity expansion is centralized, but prolonged congestion indicates that the process is not working efficiently. Argentina is searching for a decentralized solution. This note outlines the options for its high-voltage network and proposes a solution for the regional grids. 2012-08-13T15:08:52Z 2012-08-13T15:08:52Z 1999-09 http://documents.worldbank.org/curated/en/1999/09/12119923/transmission-investment-competitive-power-systems-decentralizing-decisions-argentina http://hdl.handle.net/10986/11466 English Viewpoint: Public Policy for the Private Sector; Note No. 192 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Viewpoint Publications & Research Latin America & Caribbean Argentina |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ALTERNATIVE INVESTMENT AMORTIZATION APPROACH ASYMMETRIES OF INFORMATION AUCTION AVAILABILITY BENEFICIARIES BENEFICIARY BEST PRACTICES BID BID PRICE BIDDING PROCESS BIDS BUYERS CAPACITY EXPANSION CAPACITY UTILIZATION CAPITAL COSTS COMPENSATION MECHANISMS CONCESSION CONCESSIONAIRES CONCESSIONS CONGESTION CHARGES CONNECTION CHARGES CURRENT LAW ECONOMIC EFFICIENCY ECONOMIC SIGNALS ECONOMICS EFFICIENT OUTCOMES ELECTRIC POWER ELECTRICITY ELECTRICITY MARKET ENERGY LOSSES ESCROW ESCROW FUND EXPROPRIATION EXTERNALITIES FINANCES FINANCIAL INSTRUMENTS FREE RIDING GENERATION GENERATION COSTS GENERATION DISPATCH GENERATORS GRID OPERATOR GRID OPERATORS INNOVATIONS INVESTMENT COSTS INVESTMENT DECISIONS INVESTMENT INCENTIVES INVESTMENT POLICY INVESTMENT REGULATION LEVY MAINTENANCE COSTS MARKET MECHANISM NETWORK USER NETWORK USERS OPEN ACCESS OPPORTUNISTIC BEHAVIOR OPTIMAL INVESTMENT POWER POWER CAPACITY POWER FLOWS POWER SECTOR POWER SECTORS POWER SYSTEMS PRESENT VALUE PRICE CAPS PRICE INCREASES PRICE OF ELECTRICITY PRICE OF POWER PRICING REGIME PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SECTOR PROPERTY RIGHTS PROTOCOLS REGIONAL NETWORK REGIONAL NETWORKS REGULATION OF PRICES REGULATORY FRAMEWORK RELIABILITY RENTS RESERVES RESULT RETAIL MARKETS RETAIL PRICES RETURNS REVENUE CAP SEARCH SITES SPOT PRICE SUPERVISION TENDERS TRANSACTION TRANSACTION COSTS TRANSMISSION TRANSMISSION ASSETS TRANSMISSION CAPACITY TRANSMISSION CONSTRAINTS TRANSMISSION FACILITIES TRANSMISSION LINE TRANSMISSION LINES USER VOLTAGE WHOLESALE PRICES WHOLESALE TRANSACTIONS |
| spellingShingle |
ALTERNATIVE INVESTMENT AMORTIZATION APPROACH ASYMMETRIES OF INFORMATION AUCTION AVAILABILITY BENEFICIARIES BENEFICIARY BEST PRACTICES BID BID PRICE BIDDING PROCESS BIDS BUYERS CAPACITY EXPANSION CAPACITY UTILIZATION CAPITAL COSTS COMPENSATION MECHANISMS CONCESSION CONCESSIONAIRES CONCESSIONS CONGESTION CHARGES CONNECTION CHARGES CURRENT LAW ECONOMIC EFFICIENCY ECONOMIC SIGNALS ECONOMICS EFFICIENT OUTCOMES ELECTRIC POWER ELECTRICITY ELECTRICITY MARKET ENERGY LOSSES ESCROW ESCROW FUND EXPROPRIATION EXTERNALITIES FINANCES FINANCIAL INSTRUMENTS FREE RIDING GENERATION GENERATION COSTS GENERATION DISPATCH GENERATORS GRID OPERATOR GRID OPERATORS INNOVATIONS INVESTMENT COSTS INVESTMENT DECISIONS INVESTMENT INCENTIVES INVESTMENT POLICY INVESTMENT REGULATION LEVY MAINTENANCE COSTS MARKET MECHANISM NETWORK USER NETWORK USERS OPEN ACCESS OPPORTUNISTIC BEHAVIOR OPTIMAL INVESTMENT POWER POWER CAPACITY POWER FLOWS POWER SECTOR POWER SECTORS POWER SYSTEMS PRESENT VALUE PRICE CAPS PRICE INCREASES PRICE OF ELECTRICITY PRICE OF POWER PRICING REGIME PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SECTOR PROPERTY RIGHTS PROTOCOLS REGIONAL NETWORK REGIONAL NETWORKS REGULATION OF PRICES REGULATORY FRAMEWORK RELIABILITY RENTS RESERVES RESULT RETAIL MARKETS RETAIL PRICES RETURNS REVENUE CAP SEARCH SITES SPOT PRICE SUPERVISION TENDERS TRANSACTION TRANSACTION COSTS TRANSMISSION TRANSMISSION ASSETS TRANSMISSION CAPACITY TRANSMISSION CONSTRAINTS TRANSMISSION FACILITIES TRANSMISSION LINE TRANSMISSION LINES USER VOLTAGE WHOLESALE PRICES WHOLESALE TRANSACTIONS Abdala, Manuel Angel Chambouleyron, Andres Transmission Investment in Competitive Power Systems : Decentralizing decisions in Argentina |
| geographic_facet |
Latin America & Caribbean Argentina |
| relation |
Viewpoint: Public Policy for the Private Sector; Note No. 192 |
| description |
Recent power outages in Argentina are
largely the result of transmission problems that could be
solved by more investment. Private concessionaires now
operate the main and regional networks, but they are under
no obligation to expand capacity. In a decentralized
electricity market such as Argentina's the key to a
successful transmission investment policy is coordination
among the parties involved. Without coordination, an
investment project in one site might affect or even disrupt
power flow in another. But user coalitions are difficult to
set up because of high transaction costs and in the
Argentine system, because investment mechanisms do not
provide a clear allocation of property rights to private
investors. Investment decision making for capacity expansion
is centralized, but prolonged congestion indicates that the
process is not working efficiently. Argentina is searching
for a decentralized solution. This note outlines the options
for its high-voltage network and proposes a solution for the
regional grids. |
| format |
Publications & Research :: Viewpoint |
| author |
Abdala, Manuel Angel Chambouleyron, Andres |
| author_facet |
Abdala, Manuel Angel Chambouleyron, Andres |
| author_sort |
Abdala, Manuel Angel |
| title |
Transmission Investment in Competitive Power Systems : Decentralizing decisions in Argentina |
| title_short |
Transmission Investment in Competitive Power Systems : Decentralizing decisions in Argentina |
| title_full |
Transmission Investment in Competitive Power Systems : Decentralizing decisions in Argentina |
| title_fullStr |
Transmission Investment in Competitive Power Systems : Decentralizing decisions in Argentina |
| title_full_unstemmed |
Transmission Investment in Competitive Power Systems : Decentralizing decisions in Argentina |
| title_sort |
transmission investment in competitive power systems : decentralizing decisions in argentina |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/1999/09/12119923/transmission-investment-competitive-power-systems-decentralizing-decisions-argentina http://hdl.handle.net/10986/11466 |
| _version_ |
1764416837291868160 |