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The development of a Guyanese energy spot market

There is prima facie evidence to suggest that a utility company is characterised by allocative inefficiency in its charging policies. However, improvement depends less...

Local regionalisation and regulatory framework for Guyana’s future energy market

Privatisation of the energy industry will only be effective in improving efficiency to the extent that it creates a market in the purchase and...

GDP growth will not show level of national well-being – Guyanese...

The recently published article by Nasdaq on the five fastest growing economies in the world, from which Guyana has been highlighted as the number...

Beyond GDP for Guyana: measure economic well-being and prosperity

Gross Domestic Product (GDP) is without question one of our most important economic indicators. It tells us about the size and shape of the...

Efficiency and options for privatisation of Guyana’s energy market

The concept of efficiency and its measurement are contentious. Hence, the option for the route of introducing a more competitive environment, and to consider...

Contemplations on the way forward for the emerging energy market of...

The institutional background and regulatory framework for Guyana will evolve in the post-first-oil period, and various policy changes must be instituted beyond 2020. The...

Competitiveness of the local energy market to maximise welfare

Guyana’s energy sector includes the largest monopolies in the economy – in electricity and gas. The oil industry will be dominated by a few...

Designing energy subsidy reform strategy for emerging economies

Many countries have incorporated specific measures into their subsidy reform strategies to overcome the barriers of energy improvement. Country reform experiences suggests the following...

Reforming local energy subsidy and competitiveness

Energy subsidies are pervasive and impose substantial fiscal and economic costs in most countries. On a – pre-tax basis, subsidies for petroleum products, electricity...

Macroeconomic effects of oil price volatility and the implications of energy...

Sharp increases in the price of oil and other energy products are referred to as classical examples of negative supply shocks (Hamilton 2005). Increases...