Title Power it up : strengthening the electricity sector to improve efficiency and support economic activity / prepared by Gabriel Di Bella and Francesco Grigoli

Published [Washington, D.C.] : International Monetary Fund, [2016] ©2016

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Description 1 online resource (36 pages) : color illustrations Series IMF working paper, 1018-5941 ; WP/16/85 IMF working paper ; WP/16/85. Summary Poor performance of the electricity sector remains a drag to economic efficiency and a bottleneck to economic activity in many low-income countries. This paper proposes a number of models that account for different equilibria (some better, some worse) of the electricity sector. They show how policy choices (affecting insolvency prospects or related to rules for electricity dispatching or tariff setting), stochastic generation costs, and initial conditions, affect investment in generation and electricity supply. They also show how credible (non-credible) promises of stronger enforcement to reduce theft result in larger (smaller) electricity supply, lower (higher) government subsidies, and lower (higher) tariffs and distribution losses, which in turn affect economic activity. To illustrate these findings, the paper reviews the experience of Haiti, a country stuck in a bad equilibrium of insufficient supply, high prices, and electricity theft; and that of Nicaragua, which is gradually transitioning to a better equilibrium of the electricity sector--Abstract Notes "April 2016." "Western Hemisphere Department." Bibliography Includes bibliographical references (pages 35-36) Notes Online resource; title from pdf title page (IMF.org Web site, viewed April 11, 2016) Subject Power resources -- Haiti -- Econometric models Electric power -- Haiti -- Econometric models Industrial efficiency -- Haiti -- Econometric models Energy policy -- Haiti -- Econometric models Power resources -- Nicaragua -- Econometric models Electric power -- Nicaragua -- Econometric models Industrial efficiency -- Nicaragua -- Econometric models Energy policy -- Nicaragua -- Econometric models Energy policy -- Econometric models. Industrial efficiency -- Econometric models. Power resources -- Econometric models. Haiti. Nicaragua. Form Electronic book Author Grigoli, Francesco., (IMFstaff) International Monetary Fund. Western Hemisphere Department. ISBN 1484322436 9781484322437 ISSN 1018-5941

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