Publication:
The Real Possibility of Competitive Generation Markets in Hydro Systems : The Case of Brazil

dc.contributor.author Estache, Antonio
dc.contributor.author Rodriguez-Pardina, Martin
dc.date.accessioned 2012-08-13T15:29:28Z
dc.date.available 2012-08-13T15:29:28Z
dc.date.issued 1997-02
dc.description.abstract Brazil's electricity sector is made up of more than sixty-five, mostly vertically integrated, federally- and state-owned monopolies. The most pressing problems in the sector are excessive operational costs and large investment needs. Both of these problems can be addressed through more competition and more private participation. There is a consensus among federal and state policymakers and key operators that the sector's potentially competitive segments should be separated from its natural monopoly segments and awarded as concessions or sold to private investors. However, there are important technical challenges, one of which relates to competitive generation. First, to ensure open entry and the long-term viability of competition in the electricity sector, the government must figure out how to competitively allocate water rights. Second, to provide incentives for investing in generating capacity, a pricing system must be put in place that will ensure recovery of the high sunk capital costs characteristic of hydro systems. This Note describes one consistent approach, using incentive-based organization and regulation, for overcoming the technical challenges to effective competition in the generation market. en
dc.identifier http://documents.worldbank.org/curated/en/1997/02/694973/real-possibility-competitive-generation-markets-hydro-systems-case-brazil
dc.identifier.uri http://hdl.handle.net/10986/11595
dc.language English
dc.publisher World Bank, Washington, DC
dc.relation.ispartofseries Viewpoint: Public Policy for the Private Sector; Note No. 106
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject BIDDING
dc.subject CONCESSION AREAS
dc.subject COST RECOVERY
dc.subject CROSS-SUBSIDIES
dc.subject ENERGY PRICES
dc.subject ENTITLEMENTS
dc.subject EXCESS WATER
dc.subject EXTERNALITIES
dc.subject FIXED COSTS
dc.subject MARGINAL COST
dc.subject MARGINAL COSTS
dc.subject MARKET STRUCTURE
dc.subject MONOPOLIES
dc.subject OPPORTUNITY COSTS
dc.subject PAYMENT FOR WATER
dc.subject PRIVATE PARTICIPATION
dc.subject PRIVATE SECTOR
dc.subject PRODUCERS
dc.subject RETAIL
dc.subject SALES
dc.subject SANCTIONS
dc.subject SPOT MARKETS
dc.subject STORAGE CAPACITY
dc.subject VARIABLE COSTS
dc.subject WATER RESOURCES
dc.subject WATER RIGHTS
dc.subject WATER USE ELECTRICAL INDUSTRIES
dc.subject DENATIONALIZATION
dc.subject PRICING
dc.subject INCENTIVES
dc.subject HYDROELECTRIC POWER
dc.subject MARKET COMPETITION
dc.subject WATER LAW
dc.subject GENERATION MARKET
dc.title The Real Possibility of Competitive Generation Markets in Hydro Systems : The Case of Brazil en
dspace.entity.type Publication
okr.doctype Publications & Research :: Viewpoint
okr.doctype Publications & Research
okr.docurl http://documents.worldbank.org/curated/en/1997/02/694973/real-possibility-competitive-generation-markets-hydro-systems-case-brazil
okr.globalpractice Macroeconomics and Fiscal Management
okr.globalpractice Environment and Natural Resources
okr.globalpractice Health, Nutrition, and Population
okr.globalpractice Finance and Markets
okr.globalpractice Trade and Competitiveness
okr.globalpractice Water
okr.identifier.externaldocumentum 090224b0854aae99_2_0
okr.identifier.internaldocumentum 694973
okr.identifier.report 16896
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/1997/02/01/000009265_3980420172733/Rendered/PDF/multi_page.pdf en
okr.region.administrative Latin America & Caribbean
okr.region.country Brazil
okr.sector Water, sanitation and flood protection
okr.topic International Economics and Trade :: Access to Markets
okr.topic Health Economics and Finance
okr.topic Macroeconomics and Economic Growth :: Markets and Market Access
okr.topic Water Supply and Sanitation :: Town Water Supply and Sanitation
okr.topic Environmental Economics and Policies
okr.topic Health, Nutrition and Population
okr.topic Environment
okr.unit Off of VP
okr.unit FPD - WB (FPDVP)
okr.volume 1 of 1
relation.isSeriesOfPublication 1067ecbf-b217-4376-a77e-64594be2b212
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
English PDF
Size:
368.46 KB
Format:
Adobe Portable Document Format
Description:
No Thumbnail Available
Name:
English Text
Size:
18.67 KB
Format:
Plain Text
Description:
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Collections