Electricity market liberalisation introduced in Austria four years ago initially brought the expected price reductions for both small and large users of electricity – but not more competition. Due to unresolved homemade structural problems, liberalisation has left incumbent electricity suppliers largely unchallenged in their comfortable position as local monopolists. Mergers of public utilities together with existing cross-shareholdings have contributed to a substantial increase of the market power of incumbents, thereby putting the economic benefits from market liberalisation seriously at risk. A programme to stimulate competition is recommended to accelerate the long-delayed legal "unbundling" and institute a thorough review of the strategic alliances in the Austrian electricity sector.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
file. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Publisher Info
Article provided by WIFO in its journal Quarterly.
Volume (Year): 10 (2005) Issue (Month): 4 (December) Pages: 150-167 Download reference. The following formats are available: HTML,
plain text,
BibTeX,
RIS (EndNote),
ReDIF