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Electrifying Integration: Electricity Production And The South-East Europe Regional Energy Market

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  • Hooper, E.
  • Medvedev, A.

Abstract

The paper provides an overview of the generation of electricity in 10 countries in South East Europe during 1995-2004. Using the latest available statistics the potential of the nascent integration of the electricity markets in South East Europe is explored. 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 intertemporaral substitution between electricity generated from various fuels could stimulate a regional trade in electricity. Such trade could displace a proportion of the required investment in the construction of generation facilities, as an alternative to nationally independent energy policies. 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 Info

Paper provided by Faculty of Economics, University of Cambridge in its series Cambridge Working Papers in Economics with number 0804.

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Length: 24
Date of creation: Jan 2008
Date of revision:
Handle: RePEc:cam:camdae:0804

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Keywords: Electricity; Generation; ECSEE;

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References

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  1. Jamasb, T., 2002. "Reform and Regulation of the Electricity Sectors in Developing Countries," Cambridge Working Papers in Economics 0226, Faculty of Economics, University of Cambridge.
  2. Juan Delgado & Hans W. Friederiszick & Lars-Hendrik Röller, . "Energy: choices for Europe," Blueprints, Bruegel, number 14, October.
  3. Amundsen, E.S. & Bergman, L. & Andersson, B., 1998. "Competition and Prices on the Emerging Nordic Electricity Market," Norway; Department of Economics, University of Bergen 0298, Department of Economics, University of Bergen.
  4. M. von der Fehr, Nils-Henrik & Amundsen, Eirik S. & Bergman, Lars, 2004. "The Nordic Market: Signs Of Stress?," Working Papers in Economics 15/04, University of Bergen, Department of Economics.
  5. William Tompson, 2004. "Restructuring Russia's Electricity Sector: Towards Effective Competition or Faux Liberalisation?," OECD Economics Department Working Papers 403, OECD Publishing.
  6. Arocena, Pablo & Waddams Price, Catherine, 2002. "Generating efficiency: economic and environmental regulation of public and private electricity generators in Spain," International Journal of Industrial Organization, Elsevier, vol. 20(1), pages 41-69, January.
  7. Amundsen, Eirik S. & Bergman, Lars & Andersson, Bo, 1998. "Competition and Prices on the Emerging Nordic Electricity Market," Working Paper Series in Economics and Finance 217, Stockholm School of Economics.
  8. Jamasb, Tooraj & Mota, Raffaella & Newbery, David & Pollitt, Michael, 2005. "Electricity sector reform in developing countries : a survey of empirical evidence on determinants and performance," Policy Research Working Paper Series 3549, The World Bank.
  9. Pittman, Russell, 2007. "Restructuring the Russian electricity sector: Re-creating California?," Energy Policy, Elsevier, vol. 35(3), pages 1872-1883, March.
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Citations

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Cited by:
  1. Nepal, Rabindra & Jamasb, Tooraj, 2012. "Reforming the power sector in transition: Do institutions matter?," Energy Economics, Elsevier, vol. 34(5), pages 1675-1682.
  2. Makajić Nikolić, Dragana & Jednak, Sandra & Benković, Slađana & Poznanić, Vladimir, 2011. "Project finance risk evaluation of the Electric power industry of Serbia," Energy Policy, Elsevier, vol. 39(10), pages 6168-6177, October.
  3. Haar, Laura N. & Marinescu, Nicolae, 2011. "Energy policy and European utilities' strategy: Lessons from the liberalisation and privatisation of the energy sector in Romania," Energy Policy, Elsevier, vol. 39(5), pages 2245-2255, May.
  4. Billette de Villemeur, Etienne & Pineau, Pierre-Olivier, 2012. "Regulation and electricity market integration: When trade introduces inefficiencies," Energy Economics, Elsevier, vol. 34(2), pages 529-535.
  5. Sakellaris, Kostis, 2011. "SEE Regional Wholesale Market Design: Recommendations, Available Options and Implementation," MPRA Paper 29915, University Library of Munich, Germany.

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