Tag Archives: Deregulation

Transmission Expansion Planning With Solar and Wind Farm in Deregulated Environment (Published)

Today’s electric power system has highly complex and large scale interconnected transmission systems. In order to tackle the significant power system optimization problems transmission network expansion planning (TNEP) is required. This paper proposes a novel algorithm which is applied to transmission system consisting of the combination of solar PV and wind farms in order to solve the TNEP problems efficiently by using the analytical algorithm. The proposed method has achieved solutions with good accuracy, simple implementation and satisfactory results

Keywords: Deregulation, Distributed generation approaches, Photovoltaic (PV), Planner, Transmission expansion planning, Unbundling, wind turbine generators (WTGs)

The Political Economy of Oil Marketing In Developing Countries: An Analysis of the Politics of Petroleum and Petroleum Politics in Ghana. (Published)

This article probed the politics of subsidy in developing countries.  In spite of the adoption of neoliberal policies of capitalism where production, distribution and exchange of goods and services are supposed to be in the realm of the private sphere, most developing economies are still ingrained unrepentantly in sacrificing scarce national resources meant for infrastructural development on subsidies while scavenging for loans from the International Financial Institutions for development.  This paper focuses on Ghana’s experience of the unbridled subsidies on petroleum products in spite of the striking parallels that exist between the state’s economic resources and the sustainability of petroleum subsidies. This paper argue that Ghana’s economic challenges in recent times, and its indebtedness to Oil Marketing Companies (OMCs) are as a result of the unbridled subsidy and politicization of petroleum products since Ghana’s Fourth Republic.

Keywords: Deregulation, Marketing, Petroleum, Political Economy, Regulation, Subsidy

The Political Economy of Oil Marketing In Developing Countries: An Analysis of the Politics of Petroleum and Petroleum Politics in Ghana (Published)

This article probed the politics of subsidy in developing countries.  In spite of the adoption of neoliberal policies of capitalism where production, distribution and exchange of goods and services are supposed to be in the realm of the private sphere, most developing economies are still ingrained unrepentantly in sacrificing scarce national resources meant for infrastructural development on subsidies while scavenging for loans from the International Financial Institutions for development.  This paper focuses on Ghana’s experience of the unbridled subsidies on petroleum products in spite of the striking parallels that exist between the state’s economic resources and the sustainability of petroleum subsidies. This paper argue that Ghana’s economic challenges in recent times, and its indebtedness to Oil Marketing Companies (OMCs) are as a result of the unbridled subsidy and politicization of petroleum products since Ghana’s Fourth Republic.

Keywords: Deregulation, Marketing, Petroleum, Political Economy, Regulation, Subsidy

Trade Dispute, Strike and Settlement: Fuel Subsidy Removal, the January 2012 Experience (Published)

Nigerian economy has witnessed occasional hike in the pump price of fuel in the last three decades. This occasional increase has generated reaction from civil society especially trade unions and pressure groups in the form of outright rejection and criticism of government’s policy of increase in fuel pump price. Such posture has also led to occasional trade dispute and strike action aimed at forcing government to reduce pump price of fuels with its attendant consequences on the economy of Nigeria. Thus this paper examines the case of increase in fuel-pump-price related trade disputes with special focus on the January 2012 fuel subsidy removal experience. It therefore assesses the performance of these associations (trade unions and pressure groups); reviews the issue of deregulation; and considers the possibilities of breaches being redressed or avoided entirely

Keywords: Deregulation, Fuel Subsidy, Pump Price, Strike, Subsidy Removal, Trade Dispute

ASSESSMENT OF THE IMPLICATION OF FULL SCALE DEREGULATION OF THE DOWNSTREAM OIL SECTOR ON THE NIGERIAN ECONOMY: THE NEOLIBERALISM APPROACH (Published)

Neoliberalism has eviscerated governance in Nigeria to the point that the basic welfare of the people seems no longer the priority of the government but the fulfillment of the western neoliberal ideals such as deregulation of the entire Nigerian economy and the privatization of the government’s erstwhile owned enterprises. This trend however, has caught up with the Nigerian oil sector, leading to the clamour for full scale deregulation; a fall out of the partial deregulation embarked upon since 1st January, 2011, which arose out of the sorry state of the Nigerian petroleum industry. This article therefore, examines the implication of the downstream oil sector on the Nigerian economy. It discusses the implication of deregulation of the downstream oil sector of Nigerian on her economy by highlighting the main thesis of the proponents and that of the opponents of deregulation and fuel subsidy removal. A likert-type scale was used in designing the questionnaire for data collection administered to the three core Niger-Delta states (Delta, Rivers and Bayelsa) where 1177 respondents were randomly selected for opinion sampling. Descriptive and chi-square was used and result revealed that deregulation of the downstream oil sector is a good policy that was wrongly implemented hence the existing four refineries are left in their comatose state with promises of a total turn around mentainance. Explicitly, it is recommended that Nigeria should embark on deregulation of the sector but only after the existing refineries have been resuscitated through commercialization to ensure a fair and stable price of the product as well as its availability and stop importation of refined oil into the country.

Keywords: Deregulation, Downstream Oil Sector, Neoliberalism, Nigerian Economy, Subsidy Removal