Public utility companies in liberalized markets – The impact of management models on local and regional sustainability
| Autor: | Olof Hjelm, Leenard Baas, Santiago Mejía-Dugand |
|---|---|
| Rok vydání: | 2017 |
| Předmět: |
Finance
Sociology and Political Science Public ownership business.industry 020209 energy 0211 other engineering and technologies 021107 urban & regional planning 02 engineering and technology Management Monitoring Policy and Law Development Multi-utility companies Liberalized utility markets Economic autarky Sustainability transitions Mixed management models Utility company Sustainability 0202 electrical engineering electronic engineering information engineering Economics Business and International Management business Business Administration Företagsekonomi |
| Zdroj: | Utilities Policy. 49:137-144 |
| ISSN: | 0957-1787 |
| Popis: | This article analyzes how publicly-owned utility companies can remain competitive in liberalized markets. We study EPM, a utility company from Medellin, Colombia. We discuss the companys management model, local laws and regulations affecting it, direct and indirect benefits for the city, and risks resulting from the power it has acquired. It is claimed that early decisions to maintain public ownership of key assets and provide the company with administrative autonomy helped it remain competitive, despite the liberalization of the market. This has allowed the city to increase its revenue and, as a result, its spending on social and environmental projects. (C) 2017 Elsevier Ltd. All rights reserved. Funding Agencies|Swedish Governmental Agency for Innovation Systems (VINNOVA); Metabolism of Mega-cities project at the University of Toronto |
| Databáze: | OpenAIRE |
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