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Welfare Impacts of Electricity Generation Sector Reform in the Philippines

Natsuko Toba, Apollo-University Of Cambridge Repository, Apollo-University Of Cambridge Repository
2004

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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
more » ... e Government lost and there was an air pollution cost. The paper concludes that the reform with private sector participation increased social welfare.
doi:10.17863/cam.5413 fatcat:ehbw7kaazbhsdozgem5xdphpae
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Natsuko Toba, Apollo-University Of Cambridge Repository, Apollo-University Of Cambridge Repository. "Welfare Impacts of Electricity Generation Sector Reform in the Philippines." (2004)