We examine the impact of liberalization, energy efficiency, renewable energy, and security of supply legislations on the risk-return profiles of European energy utilities over the period 1996 to 2013. Results show that, after controlling for equity market and commodity risk factors, the EU...

Morocco charted its own distinctive path of power sector reform. It selectively introduced private sector participation for generation capacity expansion and electricity distribution, while retaining a strong, state-owned and vertically-integrated national power utility operating as a single...

The power sector of Armenia achieved remarkable results through first generation policy, legal, regulatory, and institutional reforms implemented from 1991-2003, the first decade of independence. The sector achieved financial sustainability with tariffs that assured recovery of reasonable...

The report surveys the challenges facing Bangladesh's power sector today and makes recommendations for consideration by national policy makers. Its starting point is the Government's goal of universal access to electricity by 2021, when Bangladesh completes 50 years of independence. Bangladesh...

The power sector is both highly vulnerable to natural hazards and a priority for any country'srecovery and reconstruction. After Hurricane Maria in Puerto Rico in 2017, most of the power gridwas down. One year and tens of billions of dollars later some customers were yet to be reconnected to the...

The objective of this study is to identify the factors that need to be improved in the existing regulatory framework with respect to regulation of investments at the power distribution level. The study was initiated by the World Bank to inform the thinking of Public Services Regulatory...

The power sector reform experiences of developing countries vary greatly. To help explain this from a political economy perspective, this paper reviews several dozen statistical analyses, multi-country case studies, and development practice publications. The frame of reference is the model of...