Welfare Impacts of Electricity Generation Sector Reform in the Philippines
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Authors
Toba, Natsuko
Publication Date
2004-06-16Series
Cambridge Working Papers in Economics
Publisher
Faculty of Economics
Language
en_GB
Type
Working Paper
Metadata
Show full item recordCitation
Toba, N. (2004). Welfare Impacts of Electricity Generation Sector Reform in the Philippines. https://doi.org/10.17863/CAM.5413
Abstract
This paper reports an empirical investigation into the welfare impacts of an introduction of private sector participation into the Philippines electricity generation sector, by liberalizing the market for independent power producers (IPPs) during the power crisis of 1990-1993. This study uses a social cost and benefit analysis. The main benefits came from IPPs, who contributed to resolving the crisis, and promoted economic and social development. Consumers and investors are net gainers, while the Government lost and there was an air pollution cost. The paper concludes that the reform with private sector participation increased social welfare.
Keywords
Classification-JEL: O10; D61; L50; L10; L94., Electricity; Cost-benefit-analysis; Institutional change.
Identifiers
This record's DOI: https://doi.org/10.17863/CAM.5413
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