Ownership Unbuilding in Electricity Markets - A Social Cost Benefit Analysis of the German TSO'S
AbstractThis paper presents a social cost benefit analysis of ownership unbundling (as compared to legal und functional unbundling) of the electricity transmission system operators in Germany. The study relies on the Residual Supply Index for its competitive concept. The analysis models some 15 effects, grouped in three categories: the competition effect, the interconnector effect and the cost effect. Facing a looming capacity shortage, we find that the total available generation capacity and the effect of unbundling on capacity are of crucial importance. Overall, for the base-case, the net weighted discounted social-cost-benefit effect (weighted-?SCB) is likely to be positive, but small.
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Bibliographic InfoPaper provided by Faculty of Economics, University of Cambridge in its series Cambridge Working Papers in Economics with number 0833.
Date of creation: Jul 2008
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Web page: http://www.econ.cam.ac.uk/index.htm
unbundling; electricity; networks; regulation; competition;
Find related papers by JEL classification:
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
- L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
- L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-09-05 (All new papers)
- NEP-COM-2008-09-05 (Industrial Competition)
- NEP-EEC-2008-09-05 (European Economics)
- NEP-ENE-2008-09-05 (Energy Economics)
- NEP-MIC-2008-09-05 (Microeconomics)
- NEP-REG-2008-09-05 (Regulation)
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