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Abstract
This paper examines the opportunities available and the conditions needed for the deregulation of the Electricity Supply Industry (ESI), with particular reference to the Sultanate of Oman. The paper highlights the general issues of regulation required to encourage competition in the ESI. After that, the discussion focuses on regulation methods in the privatized ESI by describing the regulators control through price caps setting for regulatees, the conduct regulation process, the rate of return regulation setting, and the spot market (the pool) contract. Finally, the prospects of restructuring and privatizing the ESI in the Sultanate of Oman are examined by reviewing the current structure of the industry and government objectives in deregulation of the electricity sector as well as the regulation framework.
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References
- BEESLEY, M., 1998. Regulating Utilities: understanding the issues London Business School in association with the Institute of Economic Affairs (IEA), Reading.
- HELM, D., 1995. British Utility Regulation Oxford University Press.
- HUNT, S., SHUTTLEWORTH, G., 1999. Competition and Choice In Electricity, England: John Wiley & Sons.
- LITTLECHID, S., 2000. Privatisation Competition and Regulation. The Institute of Economic Affairs, London.
- OMAN. MNE. 1999. Privatisation Study. Ministry of National Economics, Oman.
- TENENBAUM, B., LOCK, R. and BARKER, J. 1992. Electricity Privatisation, Structural, Competition and Regulatory Options. Energy Policy, December 1992, pp.1134 -1160.
- YAJIMA, M., Deregulatory Reforms of the Electricity Supply 1997. Quorum Books.
References
BEESLEY, M., 1998. Regulating Utilities: understanding the issues London Business School in association with the Institute of Economic Affairs (IEA), Reading.
HELM, D., 1995. British Utility Regulation Oxford University Press.
HUNT, S., SHUTTLEWORTH, G., 1999. Competition and Choice In Electricity, England: John Wiley & Sons.
LITTLECHID, S., 2000. Privatisation Competition and Regulation. The Institute of Economic Affairs, London.
OMAN. MNE. 1999. Privatisation Study. Ministry of National Economics, Oman.
TENENBAUM, B., LOCK, R. and BARKER, J. 1992. Electricity Privatisation, Structural, Competition and Regulatory Options. Energy Policy, December 1992, pp.1134 -1160.
YAJIMA, M., Deregulatory Reforms of the Electricity Supply 1997. Quorum Books.