A Critical Study on Relation Between Publc and Private Ownership Using Dea Model in Korea Electrlctly Generation Industy

Title
A Critical Study on Relation Between Publc and Private Ownership Using Dea Model in Korea Electrlctly Generation Industy
Authors
KIM, KIWOOK
Issue Date
2013
Publisher
KDI School of public policy and management
Abstract
This paper investigates efficiency relationship between efficiency and ownership structures in case of power generation companies in Korea. The efficiency level of each of generation companies is analyzed with 5 year empirical data based on energy sources, coal and LNG, using DEA model. The result indicates that private ownership generally has a higher average efficiency level compared to public ownership. However, in specific, there is a polarization of efficiency among public generators. 3 out of 5 publicly owned generation companies demonstrate similar or better efficiency level with private generators. On the other hand, other 2 public owned generators are inefficient in both energy sources. Therefore, to increase the efficiency level of the Korean electricity market, an intensive reformation or privatization of those two inefficient generators is required. In addition, the monopolized LNG market works as an obstacle to reduce fuel cost, introduction of competition in LNG supply market would bring efficiency improvement in the Korea electricity market.
URI
http://archives.kdischool.ac.kr/handle/11125/12289
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Master's Thesis (2013)


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