Two successive waves of reform have fundamentally altered the structure and organization of Kenya's vibrant power …. Although the government retains majority ownership of the largest power utilities in the country (Kenya Power, ~51 percent …; KenGen, ~70 percent), Kenya has been able to position itself as one of the foremost destinations in the region for private …

analysis of investment incentives is still missing. Existing models, as the peak-load-pricing approach, analyze welfare optimal … investment and find that optimal investment is higher with more competitive spot markets. In this article we want to extend the … analysis to investment decisions of strategic firms that anticipate competition on many consecutive spot markets with …