Regulatory Lessons from Argentina's Power Concessions

Estache, Antonio ; Rodriguez-Pardina, Martin

World Bank, Washington, DC

关键词: AVERAGE PRICES;    CPI;    FORECASTS;    FREE RIDERS;    INDEXATION;   

RP-ID  :  16881

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

In the early 1990s, Argentina verticallyseparated and privatized most of its electricity industry.Transmission and distribution, considered naturalmonopolies, were sold by concession. The main objectives ofthe reforms were efficient pricing and production levels inthe short term and enough investment to meet demand over thelonger term. The authors look at the design of theregulatory features of the concession contracts and discussthe implications for long-term investment in the power sector.