世界银行-撒哈拉以南非洲电力公司财务业绩不佳的原因是什么？（英）-2025.11.pdfVIP

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DevelopmentEconomics

DevelopmentResearchGroup

November2025

PolicyResearchWorkingPaper11257

Abstract

Thisstudyinvestigatesthefactorsresponsibleforthepoorconsumersfacerelativelyhigherelectricitytariffsthanin

performanceof67electricutilitiesin47countries,usingmanycountriesaroundtheworld.Thestudyalsofindsthat

descriptivedatafromtheWorldBank,theInternationalifthetransmissionanddistributionlosseswerereduced

EnergyAgency,theU.S.EnergyInformationAdministra-tothecurrentlevelofSouthAfrica(11percent)andthe

tion,andnationalsources.Thefindingsshowthatbothleakagesinbillcollectionwereeliminated,severalelectric

cost-sideandrevenue-sidefactorsareresponsiblefortheutilitiesthatarecurrentlyoperatingatalosswouldhave

poorfinancialperformanceofelectricutilities.Morethanhigherrevenuethantheiroperationalcost.Thefindings

two-thirdsofverticallyintegratedutilitiesandelectricityindicatethatpolicymakersintheregionshouldfocuson

distributionutilitiesareunabletocovertheiroperationalaportfolioofpolicies,includi