The Public Economics of Electricity Policy with Philippine Applications

Document Type

Article

Publication Date

2016

Abstract

Electricity policy in many countries is charged with multiple objectives including affordability, sustainability, inclusivity, and renewability. Unless these objectives can be reconciled, the pursuit of one will detract from the pursuit of another. We provide a framework for culling some objectives and reconciling other by extending the traditional view of efficiency. Philippine power policies are characterized and evaluated with respect to conflicting objectives and the problem of incomplete deregulation. We also make preliminary suggestions regarding investment planning for generation and transmission, including the suitability of short-cut metrics such as levelized and avoided costs and the prospects for increased competitiveness.

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