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Power Market Sophistication and Sector Outcomes: A Focus on Social Performance, Electricity Reliability, and Renewable Energy Penetration

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dc.contributor.authorDoumbia, Djeneba
dc.date.accessioned2021-03-18T14:45:00Z
dc.date.available2021-03-18T14:45:00Z
dc.date.issued2021-03
dc.description.abstractThis paper exploits a novel and comprehensive dataset on power market structure over 1989–2020 to analyze the relationship between power market sophistication—defined as the move toward a more competitive market—and final sector outcomes: social performance, electricity reliability, and renewable energy penetration. Unlike most previous studies on the performance of power sector reforms, the paper relies on the de facto implementation of reforms rather than de jure reform adoption. The results of panel regression models suggest that moving from vertically integrated utility models toward more sophisticated power markets is associated with higher electricity access, better consumer affordability, larger renewable energy penetration, and lower system average interruption duration index. The results also highlight that, for certain steps in power market sophistication, improvements in sector outcomes are greater. For instance, moving from vertically integrated utility models to single buyer models is associated with relatively larger improvements in access to electricity and electricity reliability, while moving from wholesale competition to retail competition models is associated with a relatively larger penetration of renewable energy.en
dc.identifierhttp://documents.worldbank.org/curated/en/724011615984027125/Power-Market-Sophistication-and-Sector-Outcomes-A-Focus-on-Social-Performance-Electricity-Reliability-and-Renewable-Energy-Penetration
dc.identifier.doi10.1596/1813-9450-9585
dc.identifier.urihttps://hdl.handle.net/10986/35293
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 9585
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectPOWER MARKET
dc.subjectACCESS TO ELECTRICITY
dc.subjectRENEWABLE ENERGY
dc.titlePower Market Sophistication and Sector Outcomesen
dc.title.subtitleA Focus on Social Performance, Electricity Reliability, and Renewable Energy Penetrationen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titlePower Market Sophistication and Sector Outcomes: A Focus on Social Performance, Electricity Reliability, and Renewable Energy Penetration
okr.date.disclosure2021-03-17
okr.date.doiregistration2025-04-10T11:29:44.268638Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/724011615984027125/Power-Market-Sophistication-and-Sector-Outcomes-A-Focus-on-Social-Performance-Electricity-Reliability-and-Renewable-Energy-Penetration
okr.guid724011615984027125
okr.identifier.doi10.1596/1813-9450-9585
okr.identifier.externaldocumentum090224b0883d8b83_1_0
okr.identifier.internaldocumentum32920527
okr.identifier.reportWPS9585
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/724011615984027125/pdf/Power-Market-Sophistication-and-Sector-Outcomes-A-Focus-on-Social-Performance-Electricity-Reliability-and-Renewable-Energy-Penetration.pdfen
okr.statistics.combined1843
okr.statistics.dr724011615984027125
okr.statistics.drstats609
okr.topicEnergy::Electric Power
okr.topicEnergy::Energy Demand
okr.topicEnergy::Energy Policies & Economics
okr.topicEnergy::Energy and Environment
okr.topicEnergy::Renewable Energy
okr.unitEconomics and Private Sector Development Vice Presidency, the International Finance Corporation
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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