Towards Understanding How Corruption Impacts the Quality of Electricity Supply to End-Users in Emerging and Developing Economies This article provides a synopsis of a paper submitted to the IAEE/USAEE Best Student Paper Award Competition. On average, a fourth of all electricity produced in low-income countries was lost during transmission and distribution in the year 2000,… Keep reading →
The Nigerian National Petroleum Corporation – NNPC – allegedly withheld $49.8 billion of oil revenue from the Nigerian government and recently sought to explain what happened to $10.8 billion of that sum. Corruption has long plagued the Nigerian oil industry and the country ranked 144th out of 177 nations analyzed in Transparency International’s 2013 Corruption… Keep reading →
Everyone wants Washington to take action, but when politicians and regulators start moving ahead with reform plans it is a good bet almost no one is going to be happy with the outcome.
The energy sector, as one of the most heavily regulated industries in the country, has some surprisingly freewheeling elements following the piecemeal and incomplete deregulation of energy trading that followed decades of extreme centralization. Efforts to dismantle the old central-planning model of energy markets were halted by the extraordinary complexity of market disruptions in the late 1990s and early 2000s and have been lagging in the decade since. Keep reading →
