Electrifying integration: Electricity production and the South East Europe regional energy market
AbstractThe paper provides an overview of the generation of electricity in 10 countries in South East Europe during 1995-2004. Using the latest available statistics, we explore the potential of the nascent integration of the electricity markets in South East Europe. We conduct a cross-country analysis of electricity production based on different types of fuel used. The region has a low level of gasification combined with few nuclear power generation facilities, while some countries heavily rely on hydro electric generation. Differences in countries' resource endowment and the possibility of intertemporal substitution between electricity generated from various fuels could stimulate a regional trade in electricity. As an alternative to nationally independent energy policy, regional trade could displace a proportion of the substantial investment in generation facilities required to avert serious supply shortages. Finally, we consider the environmental impact of electricity generation, and identify some of the key trade-offs between different policy objectives.
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Bibliographic InfoArticle provided by Elsevier in its journal Utilities Policy.
Volume (Year): 17 (2009)
Issue (Month): 1 (March)
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Web page: http://www.elsevier.com/locate/inca/30478
Electricity Generation ECSEE;
Other versions of this item:
- Hooper, E. & Medvedev, A., 2008. "Electrifying Integration: Electricity Production And The South-East Europe Regional Energy Market," Cambridge Working Papers in Economics 0804, Faculty of Economics, University of Cambridge.
- L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
- Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
- R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
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