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Books > Business & Economics > Industry & industrial studies > Energy industries & utilities > Electrical power industries
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In the dark - how much do power sector distortions cost South Asia? (Paperback)
Loot Price: R1,228
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In the dark - how much do power sector distortions cost South Asia? (Paperback)
Series: South Asia Development Forum
Expected to ship within 10 - 15 working days
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Electricity shortages are among the biggest barriers to South
Asia's development. Some 255 million people - more than a quarter
of the world's off-grid population - live in South Asia, and
millions of households and firms that are connected experience
frequent and long hours of blackouts. Inefficiencies originating in
every link of the electricity supply chain contribute significantly
to the power deficit. Three types of distortions lead to most of
the inefficiencies: institutional distortions caused by state
ownership and weak governance; regulatory distortions resulting
from price regulation, subsidies, and cross-subsidies; and social
distortions (externalities) causing excessive environmental and
health damages from energy use. Using a common analytical framework
and covering all stages of power supply, In the Dark identifies and
estimates how policy-induced distortions have affected South Asian
economies. The book introduces two innovations. First, it goes
beyond fiscal costs, evaluating the impact of distortions from a
welfare perspective by measuring the impact on consumer wellbeing,
producer surplus, and environmental costs. And second, the book
adopts a broader definition of the sector that covers the entire
power supply chain, including upstream fuel supply and downstream
access and reliability. The book finds that the full cost of
distortions in the power sector is far greater than previously
estimated based on fiscal cost alone: The estimated total economic
cost is 4-7 percent of the gross domestic product in Bangladesh,
India, and Pakistan. Some of the largest costs are upstream and
downstream. Few other reforms could quickly yield the huge economic
gains that power sector reform would produce. By expanding access
to electricity and improving the quality of supply, power sector
reform would also directly benefit poor households. The highest
payoffs are likely to come from institutional reforms, expansion of
reliable access, and the appropriate pricing of carbon and local
air pollution emissions.
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