Broken dreams: Unmet expectations of investors in the Philippine electricity restructuring and privatization
College
Ramon V. Del Rosario College of Business
Department/Unit
Management and Organization Department
Document Type
Article
Source Title
Energy Policy
Volume
38
Issue
11
First Page
7269
Last Page
7277
Publication Date
11-1-2010
Abstract
Over the last three decades, privatization and restructuring of electricity sectors has been a hot topic. The expectation was that prices would fall due to increased competition and that generators would become more innovative and efficient. However, the enthusiasm for deregulation wavered after events such as the debacle in California, the fall of Enron and the setbacks of Ontario. In the Philippines, comprehensive legislation was passed in 2001 but the implementation has been rather slow and controversial. This paper looked at the allegation of politicizing power rates and found a logical alternative to the perceived conspiracy angle. Based on market data, it is highly probable that depressed market rates was a result of coping mechanisms of new players trying to adjust to the restructured industry. © 2010 Elsevier Ltd.
html
Digitial Object Identifier (DOI)
10.1016/j.enpol.2010.08.003
Recommended Citation
Roxas, F., & Santiago, A. L. (2010). Broken dreams: Unmet expectations of investors in the Philippine electricity restructuring and privatization. Energy Policy, 38 (11), 7269-7277. https://doi.org/10.1016/j.enpol.2010.08.003
Upload File
wf_yes
