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Public utility companies in liberalized markets - The impact of management models on local and regional sustainability
University of Los Andes, Colombia.
Linköping University, Department of Management and Engineering, Environmental Technology and Management. Linköping University, Faculty of Science & Engineering.
Linköping University, Department of Management and Engineering, Environmental Technology and Management. Linköping University, Faculty of Science & Engineering.
2017 (English)In: Utilities Policy, ISSN 0957-1787, E-ISSN 1878-4356, Vol. 49, p. 137-144Article in journal (Refereed) Published
Abstract [en]

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.

Place, publisher, year, edition, pages
ELSEVIER SCI LTD , 2017. Vol. 49, p. 137-144
Keywords [en]
Multi-utility companies; Liberalized utility markets; Economic autarky; Sustainability transitions; Public ownership; Mixed management models
National Category
Business Administration
Identifiers
URN: urn:nbn:se:liu:diva-144151DOI: 10.1016/j.jup.2017.05.002ISI: 000418219200014OAI: oai:DiVA.org:liu-144151DiVA, id: diva2:1172309
Note

Funding Agencies|Swedish Governmental Agency for Innovation Systems (VINNOVA); Metabolism of Mega-cities project at the University of Toronto

Available from: 2018-01-09 Created: 2018-01-09 Last updated: 2018-02-13Bibliographically approved

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Hjelm, OlofBaas, Leenard

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