OECD perspectives on competition policy and regulatory reform in the electricity sector
Article from: OGEL 3 (2003), in Electricity Law and Regulation
A well-designed reform in the electricity sector improves economic performance for the benefit of industrial and commercial consumers and households. Over the longer-term, this means lower costs (through increased efficiency), lower prices to industrial and commercial consumers, lower taxes on households, as unnecessary subsidies are phased-out, higher reliability, better service, more customer choice, and more innovation than would exist absent the reforms . If prices are unsustainably low under the pre-reform structure, prices will rise under liberalisation. But, the ...