IDEAS home Printed from https://ideas.repec.org/a/agh/journl/v20y2019i1p7-26.html
   My bibliography  Save this article

The analysis of liberalisation of the electricity market in Slovenia

Author

Listed:
  • Stefan Bojnec

    (Electro Gorenjska)

  • Drago Papler

    (Electro Gorenjska)

Abstract

The purpose of this paper has been to investigate wholesale-to-retail-sale electricity supply management in Slovenia. The rapid increase in electricity supply in Slovenia has been determined by increasing industry, public and household electricity demands. The paper analyses structures and dynamics in wholesale-to-retail supply chain structures and management that are important for purchases of electrical energy by electricity distribution retailers. By using Lorenz’s curve and Gini’s coefficient of concentration, there is found to be a relatively high degree of concentration of wholesale electricity suppliers in the delivery of electrical energy to the retail electricity distribution enterprises. Whereas the number of the wholesale electricity suppliers has increased, the great majority of them hold with relatively small market shares vis-a-vis the large traditional wholesale electricity supplier. The electricity supply by smaller electricity producers is largely based on renewable sources of energy, which also depends on the weather conditions. The empirical evidence suggests that wholesale-to-retail electricity supply structures are shifting slowly from a monopoly market structure towards greater competition with the characteristics of product differentiation and market segmentation. The regression analysis for the electricity price formation for the retail electricity distribution enterprise confirms the significance of the costs for the purchased electricity, expenses for wages and for taxes. The multivariate factor analysis confirms the importance of recognition and business trust in the wholesale-to-retail-sale electricity supply chain management.

Suggested Citation

  • Stefan Bojnec & Drago Papler, 2019. "The analysis of liberalisation of the electricity market in Slovenia," Managerial Economics, AGH University of Science and Technology, Faculty of Management, vol. 20(1), pages 7-26.
    • Handle: RePEc:agh:journl:v:20:y:2019:i:1:p:7-26
    as

    Download full text from publisher

    File URL: https://journals.agh.edu.pl/manage/article/view/3612/2414
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Cabral, Luis M. B., 2000. "Introduction to Industrial Organization," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262032864, December.
    2. Stern,Nicholas, 2007. "The Economics of Climate Change," Cambridge Books, Cambridge University Press, number 9780521700801.
    3. Chrystal, K. Alec & Lipsey, Richard G., 1997. "Economics for Business and Management," OUP Catalogue, Oxford University Press, number 9780198775386.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Renat Perelet, Serguey Pegov and Mikhail Yulkin, 2007. "Climate Change. Russia Country Paper," Human Development Occasional Papers (1992-2007) HDOCPA-2007-12, Human Development Report Office (HDRO), United Nations Development Programme (UNDP).
    2. Ahmed Bilal Awan & Muhammad Zubair & Praveen R. P. & Ahmed G. Abokhalil, 2018. "Solar Energy Resource Analysis and Evaluation of Photovoltaic System Performance in Various Regions of Saudi Arabia," Sustainability, MDPI, vol. 10(4), pages 1-27, April.
    3. Stéphane Hallegatte, 2008. "A Proposal for a New Prescriptive Discounting Scheme: The Intergenerational Discount Rate," Working Papers 2008.47, Fondazione Eni Enrico Mattei.
    4. Kazuhiro Ohnishi, 2011. "Two-Stage Quantity-Setting Games and Tacit Collusion," Finnish Economic Papers, Finnish Economic Association, vol. 24(1), pages 64-77, Spring.
    5. van den Bergh, J.C.J.M. & Botzen, W.J.W., 2015. "Monetary valuation of the social cost of CO2 emissions: A critical survey," Ecological Economics, Elsevier, vol. 114(C), pages 33-46.
    6. Strand, Jon, 2011. "Carbon offsets with endogenous environmental policy," Energy Economics, Elsevier, vol. 33(2), pages 371-378, March.
    7. Pasquale Lucio Scandizzo, 2014. "The social rate of discount, climate change and real options," CEIS Research Paper 309, Tor Vergata University, CEIS, revised 18 Feb 2014.
    8. John Tomaney & Andy Pike & Andrés Rodríguez-Pose, 2010. "Local and Regional Development in Times of Crisis," Environment and Planning A, , vol. 42(4), pages 771-779, April.
    9. Simon Dietz & Frederick van der Ploeg & Armon Rezai & Frank Venmans, 2021. "Are Economists Getting Climate Dynamics Right and Does It Matter?," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 8(5), pages 895-921.
    10. Stern, Nicholas, 2018. "Public economics as if time matters: Climate change and the dynamics of policy," Journal of Public Economics, Elsevier, vol. 162(C), pages 4-17.
    11. Lotze-Campen, Hermann & von Witzke, Harald & Noleppa, Steffen & Schwarz, Gerald, 2015. "Science for food, climate protection and welfare: An economic analysis of plant breeding research in Germany," Agricultural Systems, Elsevier, vol. 136(C), pages 79-84.
    12. Frederick Ploeg & Aart Zeeuw, 2019. "Pricing Carbon and Adjusting Capital to Fend Off Climate Catastrophes," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 72(1), pages 29-50, January.
    13. Valentina Bosetti & Jeffrey Frankel, 2014. "Sustainable Cooperation In Global Climate Policy: Specific Formulas And Emission Targets," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 5(03), pages 1-34.
    14. Li, Jun & Colombier, Michel & Giraud, Pierre-Noël, 2009. "Decision on optimal building energy efficiency standard in China--The case for Tianjin," Energy Policy, Elsevier, vol. 37(7), pages 2546-2559, July.
    15. Janet J. McIntyre‐Mills, 2008. "Systemic ethics: expanding the boundaries of rights and responsibilities," Systems Research and Behavioral Science, Wiley Blackwell, vol. 25(2), pages 147-150, March.
    16. Pycroft, Jonathan & Vergano, Lucia & Hope, Chris & Paci, Daniele & Ciscar, Juan Carlos, 2011. "A tale of tails: Uncertainty and the social cost of carbon dioxide," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 5, pages 1-29.
    17. Christian Traeger, 2012. "Once Upon a Time Preference - How Rationality and Risk Aversion Change the Rationale for Discounting," CESifo Working Paper Series 3793, CESifo.
    18. Oliver Schenker, 2013. "Exchanging Goods and Damages: The Role of Trade on the Distribution of Climate Change Costs," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 54(2), pages 261-282, February.
    19. Richard Green & Yacob Mulugetta & Zhong Xiang Zhang, 2014. "Sustainable energy policy," Chapters, in: Giles Atkinson & Simon Dietz & Eric Neumayer & Matthew Agarwala (ed.), Handbook of Sustainable Development, chapter 33, pages 532-550, Edward Elgar Publishing.
    20. Luigi Aldieri & Jonas Grafström & Kristoffer Sundström & Concetto Paolo Vinci, 2019. "Wind Power and Job Creation," Sustainability, MDPI, vol. 12(1), pages 1-23, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:agh:journl:v:20:y:2019:i:1:p:7-26. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Lukasz Lach (email available below). General contact details of provider: https://edirc.repec.org/data/wzaghpl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.