Titlebook: Electricity-sector Reforms in the MENA Region; Evaluation and Prosp Leila Benali Book 2019 Springer International Publishing AG, part of Sp

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T.S. Sampath Kumar,K. Madhumathion exporting countries of the region, Saudi Arabia and Qatar, turns that Saudi Arabia has been building wealth more rapidly than Qatar, a high income country. The two countries seem to be improving the way they manage their economies and their resources.

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Introduction,is book comes at an interesting time. The world is emerging from years of economic growth followed by a major recession. In parallel, oil prices and capital costs had escalated dramatically. Consumers’ bills (in deregulated markets) and governments’ budgets (in highly regulated markets) were put und

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Three Main Drivers of Electricity-Sector Reforms,y in the early 1990s, and they were followed by Abu Dhabi and the majority of other MENA countries. It is conventionally admitted that, in the region, oil prices are an important factor influencing economic reforms. This was probably true during the last two decades of the last century but not after

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Evaluation Step 1: Impact on Production Costs (Performance) and Investments (Incentive),e the wholesale cost. In countries which introduced competition in generation and implemented the single buyer model, wholesale tariffs or Bulk Supply Tariffs could be the best proxies to measure possible efficiency gains in the sector. The evaluation will also depend on the chosen method of regulat

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Evaluation Step 2: How Optimal Is the Sequencing of the Reform?,hman index (HHI) analysis shows that there are only two countries in the region where the dominant player is not the national utility or any other government-owned entity: Abu Dhabi and Morocco. In MENA, despite market concentration, wholesale prices are not volatile and kept at a relatively low lev

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Evaluation Step 3: Attractiveness and Feasibility,he impact on macro-economic policies (industrialization, economic diversification) is a key component of the attractiveness of MENA reforms. The more decentralized the institutional environment is, the less feasible the reform will be without negotiation and spending of political capital. The more r

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Evaluation Step 4: Credibility,blems—is critically supported by the design of “effective” regulatory institutions. In MENA, clarity of roles, participation of relevant stakeholders, and accountability are usually guaranteed. The autonomy from political intervention and the predictability of decisions are less certain. The develop

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