Regulatory Meeting - Rome 2003

Energy Rationing: A Market-Based Approach Luiz Maurer THE WORLD BANK - EWDEN Rome, October 6, 2003

No one likes to talk about power rationing ,[object Object],[object Object],[object Object],[object Object]

However, it is unavoidable - energy and/or capacity scarcity is becoming widespread ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Objective of this presentation – to discuss the case study of Brazil ,[object Object],[object Object],[object Object],[object Object],[object Object]

We will be focusing on one element of power system reliability RELIABILITY SECURITY (Public Good) ADEQUACY (Private Good) PROTECTION EQUIPMENT OPERATION PROCEDURES ANCILLARY SERVICES • Ability to withstand disturbances ENERGY CAPACITY RISK OF DEFICIT X COST OF DEFICIT LOLP X VOLL • Ability to meet aggregate power and energy requirements FOCUS OF THIS PRESENTATION (Source: Oren, 2000)

NATURE AND EXTENT OF THE BRAZILIAN ENERGY CRISIS IN 2001

Nature and extent of the energy crisis in 2001 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

The crisis was not a surprise 2001 only a wake up call

First and most important decision –How to implement rationing? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Implementation of “rolling black-outs” would have been more complex than alleged ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Despite large number or supporters, “rolling black-outs” were overruled ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

A quota system is not ideal – but it is certainly the best solution in a regulated world ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

A quota system is a sensible solution, from an economic, legal, and technical standpoint ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Load response was fast and effective – without black-outs or brown-outs MW Peak Consumption

Significant energy savings were achieved ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Residential – energy savings beyond Government targets

Residential customers have changed their habits, on a permanent basis ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

IMPLICATIONS – ECONOMIC, INSTITUTIONAL, AND REGULATORY

A rationing of this magnitude represents a significant cost shift ,[object Object],[object Object],[object Object],[object Object],[object Object]

A rationing of this magnitude is a real strain for any institutional model ,[object Object],[object Object],[object Object],[object Object]

Economic impact was mitigated ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

LESSONS LEARNED THAT MAY BE APPLIED TO OTHER GEOGRAPHIES

Important lessons can be drawn from this case study … ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Lessons may be applied, to varying degrees, to other countries and situations ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Quotas were differentiated by customer segment

Regulatory Meeting - Rome 2003

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Regulatory Meeting - Rome 2003