Thursday, 26 September 2013
International expert advises South Korea on electricity sector
Hulya Dagdeviren, professor of international economic development at the University of Hertfordshire and an expert in privatisation of public services, was invited to speak at the symposium and share her knowledge and experience of countries that have privatised their electric power industry – to help influence public opinion and policy direction.
Many countries have made efforts to privatise their electric power industry. However, the long-term benefits of privatisation have been doubtful. In particular, motivating the private companies to invest sufficiently in the sector has been a real challenge, leading to capacity shortages and hence, price hikes. For example, the electric power industry is completely privatised in the UK. Although UK prices fell initially during privatisation, much to the consumers delight at that time, today they are amongst the highest in the OECD (Organisation for Economic Co-operation and Development).