Nicaragua : Energy Sector Policy Note, Executive Summary
The increase in oil prices has created a growing economic pressure in Nicaragua. The electric power industry, especially, has generated controversy, because electricity prices have not kept pace with the costs of production. The situation at the be...
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| Format: | Policy Note |
| Language: | English en_US |
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Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2012/01/16383425/nicaragua-nota-de-politica-energetica-vol-2-2-energy-sector-policy-note-executive-summary-final http://hdl.handle.net/10986/18373 |
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okr-10986-18373 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO ELECTRICITY APPROACH ASSETS AVAILABILITY AVERAGE PRICE AVERAGE PRICES AVERAGE TARIFF BALANCE BARRELS PER DAY BENCHMARKING BIDDING BIDDING PROCESS BIOMASS CAPITAL COSTS CAPITALIZATION CASH FLOW COAL COGENERATION COMPETITIVE BIDDING COMPETITIVENESS CONCESSION CONCESSIONS CONSUMER PRICES CONSUMERS CONTRACT CONDITIONS CONTRACTUAL OBLIGATIONS COST OF ENERGY CRUDE OIL CRUDE PRODUCTION DEBT DEVELOPMENT PROJECTS DIESEL DIESEL GENERATORS DIESEL OIL DISCOUNT RATE DISTRIBUTION ASSETS DISTRIBUTION COMPANIES DISTRIBUTION INVESTMENTS DISTRIBUTION LOSSES DISTRIBUTION MARGIN DISTRIBUTION NETWORK DISTRIBUTION PRICES ECONOMIC DEVELOPMENT ECONOMIC VIABILITY ECONOMIES OF SCALE ELECTRICITY ELECTRICITY CONSUMERS ELECTRICITY CONSUMPTION ELECTRICITY DISTRIBUTION ELECTRICITY GENERATION ELECTRICITY LAW ELECTRICITY PRICES ELECTRICITY PRICING ELECTRICITY PRODUCTION ELECTRICITY REGULATOR ELECTRICITY SUPPLY END USERS ENERGY DEMAND ENERGY LOSSES ENERGY PRICE ENERGY PRICES ENERGY PRODUCTION ENERGY PRODUCTION REQUIREMENTS ENERGY SALES ENERGY SOURCES ENERGY USE ETHANOL EUCALYPTUS PLANTATIONS FINANCIAL VIABILITY FUEL FUEL OIL FUEL PRICES FUELS GAS TURBINES GASIFICATION GASIFICATION PLANT GENERATING CAPACITY GENERATION GENERATION ASSETS GENERATION CAPACITY GENERATION COSTS GENERATION MARKET GENERATION PRICE GEOTHERMAL CAPACITY GEOTHERMAL PLANT GEOTHERMAL PLANTS GEOTHERMAL POWER GEOTHERMAL POWER PLANT GEOTHERMAL PROJECTS GEOTHERMAL RESERVOIR GOVERNMENT SUBSIDIES HYDROCARBONS HYDROPOWER IMPROVING ENERGY EFFICIENCY INCOME INDEXATION INDUSTRIAL PRICES INFLATION INFLATION RATE INVENTORY INVESTMENT PROGRAM LARGE CUSTOMERS LIQUIDITY LNG LNG TERMINAL MARGINAL COST MARGINAL COST OF PRODUCTION MARKET INCENTIVES MARKET PRICE MARKET PRICES MARKET RULES MARKET STRUCTURE MARKET VALUE MARKETING MONOPOLY NATURAL GAS NATURAL GAS RESOURCES NET INCOME OIL OIL DEMAND OIL ENERGY OIL EXPLORATION OIL IMPORTS OIL INDUSTRY OIL PRICE OIL PRICES OIL PRODUCTS OPPORTUNISTIC BEHAVIOR PEAK DEMAND PEAK LOAD PEAK LOADS PETROLEUM PETROLEUM GAS POOR CONSUMERS POWER POWER COMPANY POWER PLANTS POWER PRODUCTION POWER SECTOR POWER SECTOR REFORM POWER STATIONS POWER SYSTEM PRICE CONTROL PRICE FLUCTUATIONS PRICE INCREASES PRICE OF OIL PRICE POLICY PRICING PRINCIPLES PRIVATE OPERATORS PRIVATE SECTOR INVOLVEMENT PRIVATIZATION PROCESS PRODUCTION COSTS PUBLIC FUNDS PUBLIC POWER PUBLIC SECTOR PURCHASE PRICE PURCHASING REFERENCE PRICES REFINED PRODUCTS REGULAR GASOLINE REGULATORY FRAMEWORK RENEWABLE ENERGY RENEWABLE RESOURCE RENEWABLE RESOURCES RESERVE REQUIREMENTS RESIDENTIAL PRICES RETAIL ROUTES RURAL ELECTRIFICATION SALE SALES SPOT MARKET SPOT PRICE STORAGE CAPACITY SUBSIDIZATION SUGARCANE SUPPLIERS SUPPLY COSTS TARIFF ADJUSTMENT TARIFF ADJUSTMENTS TARIFF CHANGES TARIFF REFORMS TARIFF STRUCTURE THERMAL CAPACITY THERMAL PLANTS THERMAL POWER THERMAL POWER PLANTS TRADE BALANCE TRANSMISSION LINES TRANSMISSION SYSTEM UNDERLYING PROBLEMS VALUE ADDED VARIABLE COSTS VOLATILITY VOLTAGE WHOLESALE MARKET WHOLESALE PRICES |
| spellingShingle |
ACCESS TO ELECTRICITY APPROACH ASSETS AVAILABILITY AVERAGE PRICE AVERAGE PRICES AVERAGE TARIFF BALANCE BARRELS PER DAY BENCHMARKING BIDDING BIDDING PROCESS BIOMASS CAPITAL COSTS CAPITALIZATION CASH FLOW COAL COGENERATION COMPETITIVE BIDDING COMPETITIVENESS CONCESSION CONCESSIONS CONSUMER PRICES CONSUMERS CONTRACT CONDITIONS CONTRACTUAL OBLIGATIONS COST OF ENERGY CRUDE OIL CRUDE PRODUCTION DEBT DEVELOPMENT PROJECTS DIESEL DIESEL GENERATORS DIESEL OIL DISCOUNT RATE DISTRIBUTION ASSETS DISTRIBUTION COMPANIES DISTRIBUTION INVESTMENTS DISTRIBUTION LOSSES DISTRIBUTION MARGIN DISTRIBUTION NETWORK DISTRIBUTION PRICES ECONOMIC DEVELOPMENT ECONOMIC VIABILITY ECONOMIES OF SCALE ELECTRICITY ELECTRICITY CONSUMERS ELECTRICITY CONSUMPTION ELECTRICITY DISTRIBUTION ELECTRICITY GENERATION ELECTRICITY LAW ELECTRICITY PRICES ELECTRICITY PRICING ELECTRICITY PRODUCTION ELECTRICITY REGULATOR ELECTRICITY SUPPLY END USERS ENERGY DEMAND ENERGY LOSSES ENERGY PRICE ENERGY PRICES ENERGY PRODUCTION ENERGY PRODUCTION REQUIREMENTS ENERGY SALES ENERGY SOURCES ENERGY USE ETHANOL EUCALYPTUS PLANTATIONS FINANCIAL VIABILITY FUEL FUEL OIL FUEL PRICES FUELS GAS TURBINES GASIFICATION GASIFICATION PLANT GENERATING CAPACITY GENERATION GENERATION ASSETS GENERATION CAPACITY GENERATION COSTS GENERATION MARKET GENERATION PRICE GEOTHERMAL CAPACITY GEOTHERMAL PLANT GEOTHERMAL PLANTS GEOTHERMAL POWER GEOTHERMAL POWER PLANT GEOTHERMAL PROJECTS GEOTHERMAL RESERVOIR GOVERNMENT SUBSIDIES HYDROCARBONS HYDROPOWER IMPROVING ENERGY EFFICIENCY INCOME INDEXATION INDUSTRIAL PRICES INFLATION INFLATION RATE INVENTORY INVESTMENT PROGRAM LARGE CUSTOMERS LIQUIDITY LNG LNG TERMINAL MARGINAL COST MARGINAL COST OF PRODUCTION MARKET INCENTIVES MARKET PRICE MARKET PRICES MARKET RULES MARKET STRUCTURE MARKET VALUE MARKETING MONOPOLY NATURAL GAS NATURAL GAS RESOURCES NET INCOME OIL OIL DEMAND OIL ENERGY OIL EXPLORATION OIL IMPORTS OIL INDUSTRY OIL PRICE OIL PRICES OIL PRODUCTS OPPORTUNISTIC BEHAVIOR PEAK DEMAND PEAK LOAD PEAK LOADS PETROLEUM PETROLEUM GAS POOR CONSUMERS POWER POWER COMPANY POWER PLANTS POWER PRODUCTION POWER SECTOR POWER SECTOR REFORM POWER STATIONS POWER SYSTEM PRICE CONTROL PRICE FLUCTUATIONS PRICE INCREASES PRICE OF OIL PRICE POLICY PRICING PRINCIPLES PRIVATE OPERATORS PRIVATE SECTOR INVOLVEMENT PRIVATIZATION PROCESS PRODUCTION COSTS PUBLIC FUNDS PUBLIC POWER PUBLIC SECTOR PURCHASE PRICE PURCHASING REFERENCE PRICES REFINED PRODUCTS REGULAR GASOLINE REGULATORY FRAMEWORK RENEWABLE ENERGY RENEWABLE RESOURCE RENEWABLE RESOURCES RESERVE REQUIREMENTS RESIDENTIAL PRICES RETAIL ROUTES RURAL ELECTRIFICATION SALE SALES SPOT MARKET SPOT PRICE STORAGE CAPACITY SUBSIDIZATION SUGARCANE SUPPLIERS SUPPLY COSTS TARIFF ADJUSTMENT TARIFF ADJUSTMENTS TARIFF CHANGES TARIFF REFORMS TARIFF STRUCTURE THERMAL CAPACITY THERMAL PLANTS THERMAL POWER THERMAL POWER PLANTS TRADE BALANCE TRANSMISSION LINES TRANSMISSION SYSTEM UNDERLYING PROBLEMS VALUE ADDED VARIABLE COSTS VOLATILITY VOLTAGE WHOLESALE MARKET WHOLESALE PRICES World Bank Nicaragua : Energy Sector Policy Note, Executive Summary |
| geographic_facet |
Latin America & Caribbean Nicaragua |
| description |
The increase in oil prices has created a
growing economic pressure in Nicaragua. The electric power
industry, especially, has generated controversy, because
electricity prices have not kept pace with the costs of
production. The situation at the beginning of 2006 was
clearly unsustainable, and the entry of a new government
provided an opportunity to refresh the vision of the sector,
and address the problems. The objective of this note is to
provide a balanced approach, taking into account both the
short-term and long-term prospects of the sector, together
with the lessons learned in similar situations. The
questions facing the sector relate to its financial
situation, the legal framework, the patterns of use of
energy in Nicaragua, access and coverage of electric power,
and its fiscal impact. Possibly the most important
recommendation is to attenuate the disagreements with the
government and seek areas of cooperation to improve the
conditions of service. This should involve a quantification
of the financial losses, and an operational audit to
determine the status of implementation of their obligations
to agents, investors, and customers. |
| format |
Economic & Sector Work :: Policy Note |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Nicaragua : Energy Sector Policy Note, Executive Summary |
| title_short |
Nicaragua : Energy Sector Policy Note, Executive Summary |
| title_full |
Nicaragua : Energy Sector Policy Note, Executive Summary |
| title_fullStr |
Nicaragua : Energy Sector Policy Note, Executive Summary |
| title_full_unstemmed |
Nicaragua : Energy Sector Policy Note, Executive Summary |
| title_sort |
nicaragua : energy sector policy note, executive summary |
| publisher |
Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2012/01/16383425/nicaragua-nota-de-politica-energetica-vol-2-2-energy-sector-policy-note-executive-summary-final http://hdl.handle.net/10986/18373 |
| _version_ |
1764440772083449856 |
| spelling |
okr-10986-183732021-04-23T14:03:45Z Nicaragua : Energy Sector Policy Note, Executive Summary World Bank ACCESS TO ELECTRICITY APPROACH ASSETS AVAILABILITY AVERAGE PRICE AVERAGE PRICES AVERAGE TARIFF BALANCE BARRELS PER DAY BENCHMARKING BIDDING BIDDING PROCESS BIOMASS CAPITAL COSTS CAPITALIZATION CASH FLOW COAL COGENERATION COMPETITIVE BIDDING COMPETITIVENESS CONCESSION CONCESSIONS CONSUMER PRICES CONSUMERS CONTRACT CONDITIONS CONTRACTUAL OBLIGATIONS COST OF ENERGY CRUDE OIL CRUDE PRODUCTION DEBT DEVELOPMENT PROJECTS DIESEL DIESEL GENERATORS DIESEL OIL DISCOUNT RATE DISTRIBUTION ASSETS DISTRIBUTION COMPANIES DISTRIBUTION INVESTMENTS DISTRIBUTION LOSSES DISTRIBUTION MARGIN DISTRIBUTION NETWORK DISTRIBUTION PRICES ECONOMIC DEVELOPMENT ECONOMIC VIABILITY ECONOMIES OF SCALE ELECTRICITY ELECTRICITY CONSUMERS ELECTRICITY CONSUMPTION ELECTRICITY DISTRIBUTION ELECTRICITY GENERATION ELECTRICITY LAW ELECTRICITY PRICES ELECTRICITY PRICING ELECTRICITY PRODUCTION ELECTRICITY REGULATOR ELECTRICITY SUPPLY END USERS ENERGY DEMAND ENERGY LOSSES ENERGY PRICE ENERGY PRICES ENERGY PRODUCTION ENERGY PRODUCTION REQUIREMENTS ENERGY SALES ENERGY SOURCES ENERGY USE ETHANOL EUCALYPTUS PLANTATIONS FINANCIAL VIABILITY FUEL FUEL OIL FUEL PRICES FUELS GAS TURBINES GASIFICATION GASIFICATION PLANT GENERATING CAPACITY GENERATION GENERATION ASSETS GENERATION CAPACITY GENERATION COSTS GENERATION MARKET GENERATION PRICE GEOTHERMAL CAPACITY GEOTHERMAL PLANT GEOTHERMAL PLANTS GEOTHERMAL POWER GEOTHERMAL POWER PLANT GEOTHERMAL PROJECTS GEOTHERMAL RESERVOIR GOVERNMENT SUBSIDIES HYDROCARBONS HYDROPOWER IMPROVING ENERGY EFFICIENCY INCOME INDEXATION INDUSTRIAL PRICES INFLATION INFLATION RATE INVENTORY INVESTMENT PROGRAM LARGE CUSTOMERS LIQUIDITY LNG LNG TERMINAL MARGINAL COST MARGINAL COST OF PRODUCTION MARKET INCENTIVES MARKET PRICE MARKET PRICES MARKET RULES MARKET STRUCTURE MARKET VALUE MARKETING MONOPOLY NATURAL GAS NATURAL GAS RESOURCES NET INCOME OIL OIL DEMAND OIL ENERGY OIL EXPLORATION OIL IMPORTS OIL INDUSTRY OIL PRICE OIL PRICES OIL PRODUCTS OPPORTUNISTIC BEHAVIOR PEAK DEMAND PEAK LOAD PEAK LOADS PETROLEUM PETROLEUM GAS POOR CONSUMERS POWER POWER COMPANY POWER PLANTS POWER PRODUCTION POWER SECTOR POWER SECTOR REFORM POWER STATIONS POWER SYSTEM PRICE CONTROL PRICE FLUCTUATIONS PRICE INCREASES PRICE OF OIL PRICE POLICY PRICING PRINCIPLES PRIVATE OPERATORS PRIVATE SECTOR INVOLVEMENT PRIVATIZATION PROCESS PRODUCTION COSTS PUBLIC FUNDS PUBLIC POWER PUBLIC SECTOR PURCHASE PRICE PURCHASING REFERENCE PRICES REFINED PRODUCTS REGULAR GASOLINE REGULATORY FRAMEWORK RENEWABLE ENERGY RENEWABLE RESOURCE RENEWABLE RESOURCES RESERVE REQUIREMENTS RESIDENTIAL PRICES RETAIL ROUTES RURAL ELECTRIFICATION SALE SALES SPOT MARKET SPOT PRICE STORAGE CAPACITY SUBSIDIZATION SUGARCANE SUPPLIERS SUPPLY COSTS TARIFF ADJUSTMENT TARIFF ADJUSTMENTS TARIFF CHANGES TARIFF REFORMS TARIFF STRUCTURE THERMAL CAPACITY THERMAL PLANTS THERMAL POWER THERMAL POWER PLANTS TRADE BALANCE TRANSMISSION LINES TRANSMISSION SYSTEM UNDERLYING PROBLEMS VALUE ADDED VARIABLE COSTS VOLATILITY VOLTAGE WHOLESALE MARKET WHOLESALE PRICES The increase in oil prices has created a growing economic pressure in Nicaragua. The electric power industry, especially, has generated controversy, because electricity prices have not kept pace with the costs of production. The situation at the beginning of 2006 was clearly unsustainable, and the entry of a new government provided an opportunity to refresh the vision of the sector, and address the problems. The objective of this note is to provide a balanced approach, taking into account both the short-term and long-term prospects of the sector, together with the lessons learned in similar situations. The questions facing the sector relate to its financial situation, the legal framework, the patterns of use of energy in Nicaragua, access and coverage of electric power, and its fiscal impact. Possibly the most important recommendation is to attenuate the disagreements with the government and seek areas of cooperation to improve the conditions of service. This should involve a quantification of the financial losses, and an operational audit to determine the status of implementation of their obligations to agents, investors, and customers. 2014-05-15T21:33:31Z 2014-05-15T21:33:31Z 2012 http://documents.worldbank.org/curated/en/2012/01/16383425/nicaragua-nota-de-politica-energetica-vol-2-2-energy-sector-policy-note-executive-summary-final http://hdl.handle.net/10986/18373 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC Economic & Sector Work :: Policy Note Economic & Sector Work Latin America & Caribbean Nicaragua |