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From market to plan: Lessons from Brazilian power reforms on reducing risks in the provision of public services

Authors
Journal
Policy and Society
1449-4035
Publisher
Elsevier
Publication Date
Volume
27
Issue
2
Identifiers
DOI: 10.1016/j.polsoc.2008.09.002
Disciplines
  • Design

Abstract

Abstract After suffering through severe electricity rationing in 2001, Brazilian power planners developed a New Model for the Electric Power Industry. The model eschews typical decentralised wholesale power market designs in favour of a modified single buyer market. Prioritising security of supply, this model seeks to balance state and private sector roles and integrate planning and competitive elements to reduce speculation and volatility in power markets. This article explains how problems with the Brazilian power reforms led to this innovative model and illustrates useful lessons for developing countries searching concrete policy proposals to reform their power sectors.

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