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Regulatory governance and Chile's 1998-99 electricity shortage

Author: Ronald D Fischer; Alexander Galetovic P; World Bank.; World Bank Institute. Governance, Regulation, and Finance Division.
Publisher: Washington, D.C. : World Bank, World Bank Institute, Governance, Regulation, and Finance Division, [2001]
Series: Policy research working papers, no. 2704.
Edition/Format:   Print book : International government publication : EnglishView all editions and formats
Summary:
When the La Niña drought hit Chile in 1998-99, the country's recently reformed electricity sector suffered a price collapse. Power outages followed, but were they inevitable? No. The electricity shortage can be blamed on the rigid price system and deficient regulatory governance. structures and reducing the magnitude of above-market costs associated with the contracts.
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Additional Physical Format: Online version:
Fischer, Ronald D.
Regulatory governance and Chile's 1998-99 electricity shortage.
Washington, D.C. : World Bank, World Bank Institute, Governance, Regulation, and Finance Division, [2001]
(OCoLC)646912922
Material Type: Government publication, International government publication, Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Ronald D Fischer; Alexander Galetovic P; World Bank.; World Bank Institute. Governance, Regulation, and Finance Division.
OCLC Number: 48577693
Notes: "November 2001."
Description: 25 pages : illustrations ; 28 cm.
Series Title: Policy research working papers, no. 2704.
Responsibility: Ronald Fischer and Alexander Galetovic.

Abstract:

When the La Niña drought hit Chile in 1998-99, the country's recently reformed electricity sector suffered a price collapse. Power outages followed, but were they inevitable? No. The electricity shortage can be blamed on the rigid price system and deficient regulatory governance. structures and reducing the magnitude of above-market costs associated with the contracts.

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