Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This study analyzes the impacts of the financial crisis on power sectors in five countries in the region: Armenia, Kyrgyz Republic, Romania, Serbia and Ukraine. Before the financial crisis, these countries faced expected power shortages as a result of large investment gaps. With the financial crisis, GDP dropped, leading to a drop in demand for electricity. The drop in demand created a window of opportunity for meeting investment needs, but the crisis has limited the sources of financing available to the sector. In the post-crisis period, the study concludes that policymakers need to prioritiz

Global Financial Crisis, 2008-2009. --- Power resources --Asia, Central --Finance. --- Power resources --Europe, Eastern --Finance. --- Privatization --Asia, Central. --- Privatization --Europe, Eastern. --- Power resources --- Privatization --- Global Financial Crisis, 2008-2009 --- Business & Economics --- Industries --- Finance --- Finance. --- Global Economic Crisis, 2008-2009 --- Subprime Mortgage Crisis, 2008-2009 --- Energy --- Energy resources --- Power supply --- Denationalization --- Privatisation --- Financial crises --- Natural resources --- Energy harvesting --- Energy industries --- Contracting out --- Corporatization --- Government ownership

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

The level of performance of an electric utility is determined by the soundness of its financial situation, the efficiency of its technology, and the quality of service it provides customers. Its financial underpinning is a balance of costs and revenue (from customer payments, government, and other sources). But revenue is not as straightforward as it might seem. The concept of foregone cash addresses the 'cash on the table' that pays for operations and servicing debt (revenue collected divided by the cost of operations and debt). The problem is the table may not have all the cash that ought to be there, such as money owed because of nonpayment's by customers and money lost through inefficiencies in power generation or delivery. Consequently, there is a latent revenue that, if fixed, can provide vital improvements to a utility's financial performance. This note analyzes the elements involved in understanding foregone cash in the context of cost recovery.

Cost Recovery --- Electric Power --- Energy --- Energy Policies and Economics --- Energy Sector Regulation --- Power Sector Reform --- Utilities

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

More than a decade of ambitious sector reform has led to a period of stability in the Armenian energy sector. The sector faces challenges more typical of a developed economy than an emerging one: policymakers' concerns have shifted from avoiding total system collapse to optimizing the energy supply mix to provide affordable, reliable, and sustainable energy services. However, some old challenges remain and new ones have arisen. Armenia is still vulnerable to energy supply disruptions; tariffs lag the full cost of service provision; and a significant investment backlog impedes progress in energy infrastructure. The purpose of this note is to present the analysis of the challenges facing Armenia's energy sector, specifically, its electricity, natural gas, and heating subsectors. The intention of the note is not to prescribe solutions, but to present analysis of options and tradeoffs that the Government can use to inform its decision-making. Armenia's energy sector has undergone a series of reforms over the last fifteen years, which included privatization of the electricity distribution and gas companies, and some generating companies, establishment of an independent regulator, and development of a formal strategic plan for the sector. This energy sector overview highlights important outcomes from reforms and describes key sector characteristics.

Bankruptcy --- Capital Costs --- Consumers --- Debt --- Elasticity of Demand --- Electricity --- Energy --- Energy and Environment --- Energy Consumption --- Energy Demand --- Energy Efficiency --- Energy Markets --- Energy Production and Transportation --- Energy Sector --- Energy Security --- Energy Supply --- Financial Crisis --- Fuel Prices --- Fuels --- Gdp --- Gross Domestic Product --- Hydropower

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This paper develops a classification of investor risks and surveys 51 private investors and financiers in the power sector in Sub-Saharan Africa. The paper aims for a better understanding of what can be done to attract private solutions to fill the investment gap. It finds that the average investor assigns more weight to power sector policy and regulatory framework risks than to the wider sector and country context risks. And, despite many challenges, investors perceive three segments as ready for private solutions in Sub-Saharan Africa: power generation, off-grid electrification, and mini-grids. Investors see lower readiness in distribution, transmission, and retail. The paper finds that the average investor is forward-looking, as neither the track record of the power sector nor the firm's personal track record is as important as the growth potential in the market. The paper uses the findings to reality-check data-based measures of regulatory readiness, namely the Regulatory Indicators for Sustainable Energy and Power Sector Reform Index and analyzes which elements correlate best with investor sentiment to optimize and streamline these indexes accordingly. The results provide important lessons for governments and development partners to devise appropriate de-risking instruments tailored to the risks that matter most to investors.

Electric Power --- Electricity --- Emerging Market Economies --- Energy --- Energy Markets --- Energy Policies and Economics --- Energy Sector Regulation --- Financial Viability --- Investment Risk --- Mini-Grids --- Off-Grid Electrification --- Power Sector --- Power Sector Reform --- Private Investment --- Public-Private Partnerships --- Renewable Energy --- Sustainable Energy