Скачать или смотреть Mid Term Government Failure in Energy Policy, When Intervention Backfire Febri Rio Cahyono

The present study analyzes government failure in energy policy through the case of Indonesia's administered energy pricing regime (fuel and electricity price controls, subsidy and compensation financing, coal DMO, coal price caps, and take-or-pay PPAs). Utilizing official fiscal and energy statistics, in conjunction with peer-reviewed literature, the study undertakes an evaluation of the circumstances in which intervention is deemed justifiable considering market failures, including externalities, energy poverty, market power, and public goods. Conversely, it also explores the potential consequences of intervention, such as the generation of substantial deadweight losses, rent-seeking, quasi-fiscal liabilities, distorted investment signals, and carbon lock-in. The proposed reforms are implementable and seek to preserve social protection and energy security, while also restoring price signals and fiscal sustainability.