Learning from Power Sector Reform : The Case of The Philippines

The Philippines power sector underwent a substantial and largely complete reform process. Following a severe shortage of supply in the late 1980s and the Asian Financial crisis of 1997, which made the dollar-denominated debt of the National Power C...

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Main Author:	Bacon, Robert
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	POWER SECTOR REFORM ELECTRIC UTILITIES POWER GENERATION ACCESS TO ENERGY STATE-OWNED ENTERPRISES ENERGY REGULATION ELECTRICITY PRICING
Online Access:	http://documents.worldbank.org/curated/en/385061557771818564/Learning-from-Power-Sector-Reform-The-Case-of-The-Philippines http://hdl.handle.net/10986/31711

id	okr-10986-31711
recordtype	oai_dc
spelling	okr-10986-317112022-09-20T00:15:15Z Learning from Power Sector Reform : The Case of The Philippines Bacon, Robert POWER SECTOR REFORM ELECTRIC UTILITIES POWER GENERATION ACCESS TO ENERGY STATE-OWNED ENTERPRISES ENERGY REGULATION ELECTRICITY PRICING The Philippines power sector underwent a substantial and largely complete reform process. Following a severe shortage of supply in the late 1980s and the Asian Financial crisis of 1997, which made the dollar-denominated debt of the National Power Corporation extremely burdensome, the Electric Power Industry Reform Act was passed in 2001. This was intended to improve the quality of service and reduce power tariffs via the introduction of private participation and competition at the wholesale and retail levels. Although the implementation of the full reform program took longer than originally expected, the unwavering support given to the reform agenda by successive presidents of the country ensured that the planned steps had all been completed by 2013. At that time, retail competition and open access for consumers in Luzon and Visayas of more than one megawatt were introduced. The reform process was not impeded by complications that would have arisen if consumer subsidies had been endemic, but retail prices are even higher than might have been expected in the absence of subsidies, due to domestic taxation and the presence of some inefficiencies that have not yet been eliminated by the onset of competition. 2019-05-16T15:39:16Z 2019-05-16T15:39:16Z 2019-05 Working Paper http://documents.worldbank.org/curated/en/385061557771818564/Learning-from-Power-Sector-Reform-The-Case-of-The-Philippines http://hdl.handle.net/10986/31711 English Policy Research Working Paper;No. 8853 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper East Asia and Pacific Philippines
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	POWER SECTOR REFORM ELECTRIC UTILITIES POWER GENERATION ACCESS TO ENERGY STATE-OWNED ENTERPRISES ENERGY REGULATION ELECTRICITY PRICING
spellingShingle	POWER SECTOR REFORM ELECTRIC UTILITIES POWER GENERATION ACCESS TO ENERGY STATE-OWNED ENTERPRISES ENERGY REGULATION ELECTRICITY PRICING Bacon, Robert Learning from Power Sector Reform : The Case of The Philippines
geographic_facet	East Asia and Pacific Philippines
relation	Policy Research Working Paper;No. 8853
description	The Philippines power sector underwent a substantial and largely complete reform process. Following a severe shortage of supply in the late 1980s and the Asian Financial crisis of 1997, which made the dollar-denominated debt of the National Power Corporation extremely burdensome, the Electric Power Industry Reform Act was passed in 2001. This was intended to improve the quality of service and reduce power tariffs via the introduction of private participation and competition at the wholesale and retail levels. Although the implementation of the full reform program took longer than originally expected, the unwavering support given to the reform agenda by successive presidents of the country ensured that the planned steps had all been completed by 2013. At that time, retail competition and open access for consumers in Luzon and Visayas of more than one megawatt were introduced. The reform process was not impeded by complications that would have arisen if consumer subsidies had been endemic, but retail prices are even higher than might have been expected in the absence of subsidies, due to domestic taxation and the presence of some inefficiencies that have not yet been eliminated by the onset of competition.
format	Working Paper
author	Bacon, Robert
author_facet	Bacon, Robert
author_sort	Bacon, Robert
title	Learning from Power Sector Reform : The Case of The Philippines
title_short	Learning from Power Sector Reform : The Case of The Philippines
title_full	Learning from Power Sector Reform : The Case of The Philippines
title_fullStr	Learning from Power Sector Reform : The Case of The Philippines
title_full_unstemmed	Learning from Power Sector Reform : The Case of The Philippines
title_sort	learning from power sector reform : the case of the philippines
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/385061557771818564/Learning-from-Power-Sector-Reform-The-Case-of-The-Philippines http://hdl.handle.net/10986/31711
_version_	1764474930930384896

Learning from Power Sector Reform : The Case of The Philippines

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