Unlocking the energy transition with financially sustainable electricity utilities in key G20 countries
In 2022, G20 leaders acknowledged the need to rapidly transform and diversify energy systems while implementing the Paris Agreement on climate change. The expansion of renewable electricity generation can help address these goals but will require substantial investment. In around half of the G20’s emerging economies, stateowned electricity utilities are hampered from making such investments by crippling debt brought on by below-cost retail pricing. This policy brief provides case studies on the impact of electricity subsidies in India and South Africa, and the reforms needed to improve energy access, financial viability, and long-term sustainability.