Lessons for Electric Utilities from COVID-19 Responses in Emerging Markets

The Coronavirus (COVID-19) pandemic and the resulting economic shutdown have severely depressed electricity demand across the globe, with acute consequences for the revenues and financial health of utilities, as well as smaller providers of utility...

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Main Authors: Apfalter, Stefan, Hommes, Martin, Pereira Mendes, Miguel, Toba, Natsuko
Format: Brief
Language:English
Published: International Finance Corporation, Washington, DC 2020
Subjects:
Online Access:http://documents.worldbank.org/curated/en/747031606379394783/Lessons-for-Electric-Utilities-from-COVID-19-Responses-in-Emerging-Markets
http://hdl.handle.net/10986/34854
id okr-10986-34854
recordtype oai_dc
spelling okr-10986-348542021-04-23T14:02:10Z Lessons for Electric Utilities from COVID-19 Responses in Emerging Markets Apfalter, Stefan Hommes, Martin Pereira Mendes, Miguel Toba, Natsuko EMERGING MARKET ECONOMIES ELECTRICITY ELECTRIC UTILITIES CORONAVIRUS COVID-19 PANDEMIC RESPONSE SMALL AND MEDIUM SIZE ENTERPRISE POWER SECTOR REFORM ELECTRICITY DEMAND The Coronavirus (COVID-19) pandemic and the resulting economic shutdown have severely depressed electricity demand across the globe, with acute consequences for the revenues and financial health of utilities, as well as smaller providers of utility services and off-grid companies. In many places, utility service providers also must manage the inability of consumers to pay for their services. Government support has been forthcoming, but utilities need to work closely with policymakers to ensure that programs are carefully designed in order to maintain ongoing system reforms, competitiveness, and affordability, and avoid long-lasting market disruptions. These support measures should avoid redundancy among sectors and ensure that resources are efficiently allocated and that welfare improvements are fairly distributed across the country in a sustainable manner. Investors must also understand changes to utilities’ finances and should work to support further reforms. 2020-12-02T15:08:09Z 2020-12-02T15:08:09Z 2020-09 Brief http://documents.worldbank.org/curated/en/747031606379394783/Lessons-for-Electric-Utilities-from-COVID-19-Responses-in-Emerging-Markets http://hdl.handle.net/10986/34854 English EMCompass;Note 90 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo International Finance Corporation International Finance Corporation, Washington, DC Publications & Research Publications & Research :: Brief
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic EMERGING MARKET ECONOMIES
ELECTRICITY
ELECTRIC UTILITIES
CORONAVIRUS
COVID-19
PANDEMIC RESPONSE
SMALL AND MEDIUM SIZE ENTERPRISE
POWER SECTOR REFORM
ELECTRICITY DEMAND
spellingShingle EMERGING MARKET ECONOMIES
ELECTRICITY
ELECTRIC UTILITIES
CORONAVIRUS
COVID-19
PANDEMIC RESPONSE
SMALL AND MEDIUM SIZE ENTERPRISE
POWER SECTOR REFORM
ELECTRICITY DEMAND
Apfalter, Stefan
Hommes, Martin
Pereira Mendes, Miguel
Toba, Natsuko
Lessons for Electric Utilities from COVID-19 Responses in Emerging Markets
relation EMCompass;Note 90
description The Coronavirus (COVID-19) pandemic and the resulting economic shutdown have severely depressed electricity demand across the globe, with acute consequences for the revenues and financial health of utilities, as well as smaller providers of utility services and off-grid companies. In many places, utility service providers also must manage the inability of consumers to pay for their services. Government support has been forthcoming, but utilities need to work closely with policymakers to ensure that programs are carefully designed in order to maintain ongoing system reforms, competitiveness, and affordability, and avoid long-lasting market disruptions. These support measures should avoid redundancy among sectors and ensure that resources are efficiently allocated and that welfare improvements are fairly distributed across the country in a sustainable manner. Investors must also understand changes to utilities’ finances and should work to support further reforms.
format Brief
author Apfalter, Stefan
Hommes, Martin
Pereira Mendes, Miguel
Toba, Natsuko
author_facet Apfalter, Stefan
Hommes, Martin
Pereira Mendes, Miguel
Toba, Natsuko
author_sort Apfalter, Stefan
title Lessons for Electric Utilities from COVID-19 Responses in Emerging Markets
title_short Lessons for Electric Utilities from COVID-19 Responses in Emerging Markets
title_full Lessons for Electric Utilities from COVID-19 Responses in Emerging Markets
title_fullStr Lessons for Electric Utilities from COVID-19 Responses in Emerging Markets
title_full_unstemmed Lessons for Electric Utilities from COVID-19 Responses in Emerging Markets
title_sort lessons for electric utilities from covid-19 responses in emerging markets
publisher International Finance Corporation, Washington, DC
publishDate 2020
url http://documents.worldbank.org/curated/en/747031606379394783/Lessons-for-Electric-Utilities-from-COVID-19-Responses-in-Emerging-Markets
http://hdl.handle.net/10986/34854
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