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Winners and Losers in the Liberalized Energy Retail Sector in Hungary: A Co-evolutionary Approach

Author

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  • Balázs Felsmann

    (Corvinus University)

Abstract

This paper examines the recent history of the Hungarian energy trading market in a co-evolutionary framework. Hungary is characterized by a mixed ownership structure with mainly multinational incumbents in energy retail and distribution, while the wholesale is dominantly owned by state-owned companies. The legal framework also has dual characteristics, with free-market regulation for industrial consumers and a regulated price regime for households. Our research method follows a longitudinal approach from the period of market liberalization in 2008 until 2013. We identified strong relationship between the individual and sector performance of the trading companies and the current political ideology and institutional regime.

Suggested Citation

  • Balázs Felsmann, 2014. "Winners and Losers in the Liberalized Energy Retail Sector in Hungary: A Co-evolutionary Approach," Theory Methodology Practice (TMP), Faculty of Economics, University of Miskolc, vol. 10(02), pages 25-36.
    • Handle: RePEc:mic:tmpjrn:v:10:y:2014:i:02:p:25-36
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    File URL: http://tmp.gtk.uni-miskolc.hu/volumes/2014/02/TMP_2014_02_03.pdf
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    References listed on IDEAS

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    4. Foxon, Timothy J., 2011. "A coevolutionary framework for analysing a transition to a sustainable low carbon economy," Ecological Economics, Elsevier, vol. 70(12), pages 2258-2267.
    5. Hannon, Matthew J. & Foxon, Timothy J. & Gale, William F., 2013. "The co-evolutionary relationship between Energy Service Companies and the UK energy system: Implications for a low-carbon transition," Energy Policy, Elsevier, vol. 61(C), pages 1031-1045.
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    Cited by:

    1. LaBelle, Michael Carnegie, 2017. "In pursuit of energy justice," Energy Policy, Elsevier, vol. 107(C), pages 615-620.

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    More about this item

    Keywords

    Business/Government Interaction and Relations; Institutional trajectories; Market liberalization; Energy; Central and Eastern Europe;
    All these keywords.

    JEL classification:

    • L98 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Government Policy
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure

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