IDEAS home Printed from https://ideas.repec.org/p/hwe/certdp/9725.html
   My bibliography  Save this paper

Economic Reform of the Electricity Industries of Central and Eastern Europe

Author

Listed:
  • Jon Stern
  • Junior R. Davis

Abstract

The purpose of this paper is the following: firstly, to chart how much economic reform of CEE electricity industries has taken place to date; secondly, to discuss why progress has been so limited; and, thirdly, to consider the prospects over the next few years. In charting the economic progress to date, we will consider and discuss progress in electricity price unbundling and rebalancing; in utility commercialisation; in industry and market restructuring and liberalisation; and in privatisation, as well as the development of economic regulation. For the reasons outlined above, we will explore the pricing issues in some detail as they are essential for understanding the difficulties in making progress in the other aspects of economic reform. The analysis concentrates on the 10 countries with which the EU has an Association Agreement and who are stated candidates for EU membership (the EU 10).

Suggested Citation

  • Jon Stern & Junior R. Davis, 1997. "Economic Reform of the Electricity Industries of Central and Eastern Europe," CERT Discussion Papers 9725, Centre for Economic Reform and Transformation, Heriot Watt University.
    • Handle: RePEc:hwe:certdp:9725
    as

    Download full text from publisher

    File URL: http://www2.hw.ac.uk/sml/downloads/cert/wpa/1997/dp9725.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Gray, D., 1995. "Reforming the Energy Sector in Transition Economies. Selected Experience and Lessons," World Bank - Discussion Papers 296, World Bank.
    2. Jon Stern, 1994. "Economic regulation in Central and Eastern Europe1," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 2(3), pages 391-398, September.
    3. I. Shteinbuka & M. Kazaks, 1996. "Fiscal Adjustment in Latvia under Transition," CERT Discussion Papers 9601, Centre for Economic Reform and Transformation, Heriot Watt University.
    4. J. M. C. Rollo & J. Stern, 1992. "Growth and Trade Prospects for Central and Eastern Europe," The World Economy, Wiley Blackwell, vol. 15(5), pages 645-668, September.
    5. Schaffer, Mark E., 1998. "Do Firms in Transition Economies Have Soft Budget Constraints? A Reconsideration of Concepts and Evidence," Journal of Comparative Economics, Elsevier, vol. 26(1), pages 80-103, March.
    6. Jon Stern & Junior R. Davis, 1998. "Economic reform of the electricity industries of Central and Eastern Europe," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 6(2), pages 427-460, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Matteo Fiorini & Bernard Hoekman & Clément Malgouyres, 2018. "Services policy reform and manufacturing employment: Evidence from transition economies," The World Economy, Wiley Blackwell, vol. 41(9), pages 2320-2348, September.
    2. Astrid Cullmann & Christian von Hirschhausen, 2007. "From Transition to Competition: Dynamic Efficiency Analysis of Polish Electricity Distribution Companies," Discussion Papers of DIW Berlin 716, DIW Berlin, German Institute for Economic Research.
    3. Astrid Cullmann & Christian Hirschhausen, 2008. "Efficiency analysis of East European electricity distribution in transition: legacy of the past?," Journal of Productivity Analysis, Springer, vol. 29(2), pages 155-167, April.
    4. Dodonov, Boris & Opitz, Petra & Pfaffenberger, Wolfgang, 2004. "How much do electricity tariff increases in Ukraine hurt the poor?," Energy Policy, Elsevier, vol. 32(7), pages 855-863, May.
    5. Jon Stern & Junior R. Davis, 1998. "Economic reform of the electricity industries of Central and Eastern Europe," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 6(2), pages 427-460, November.
    6. Radmilo Pesic & Diana Urge-Vorsatz, 2001. "Restructuring of the Hungarian Electricity Industry," Post-Communist Economies, Taylor & Francis Journals, vol. 13(1), pages 85-99.
    7. Opitz, Petra, 2000. "The (pseudo-) liberalisation of Russia's power sector: the hidden rationality of transformation," Energy Policy, Elsevier, vol. 28(3), pages 147-155, March.
    8. Anex, Robert P., 2002. "Restructuring and privatizing electricity industries in the commonwealth of independent states," Energy Policy, Elsevier, vol. 30(5), pages 397-408, April.
    9. Saska Petrova & Michael Gentile & Ilkka Henrik Mäkinen & Stefan Bouzarovski, 2013. "Perceptions of Thermal Comfort and Housing Quality: Exploring the Microgeographies of Energy Poverty in Stakhanov, Ukraine," Environment and Planning A, , vol. 45(5), pages 1240-1257, May.
    10. Tonci Bakovic & Bernard Tenenbaum & Fiona Woolf, 2003. "Regulation by Contract : A New Way to Privatize Electricity Distribution?," World Bank Publications - Books, The World Bank Group, number 15078, December.
    11. Lars Kumkar, 2003. "Regulatory Choices and Commitment: Challenges for Electricity Market Regulation in Kosovo," Post-Communist Economies, Taylor & Francis Journals, vol. 15(1), pages 91-115.
    12. Kennedy, David, 2003. "Liberalisation of the Russian power sector," Energy Policy, Elsevier, vol. 31(8), pages 745-758, June.
    13. Araújo, Inácio Fernandes de & Jackson, Randall W. & Ferreira Neto, Amir B. & Perobelli, Fernando S., 2020. "European union membership and CO2 emissions: A structural decomposition analysis," Structural Change and Economic Dynamics, Elsevier, vol. 55(C), pages 190-203.
    14. Stern, J., 2000. "Electricity and telecommunications regulatory institutions in small and developing countries," Utilities Policy, Elsevier, vol. 9(3), pages 131-157, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Anex, Robert P., 2002. "Restructuring and privatizing electricity industries in the commonwealth of independent states," Energy Policy, Elsevier, vol. 30(5), pages 397-408, April.
    2. Matteo Fiorini & Bernard Hoekman & Clément Malgouyres, 2018. "Services policy reform and manufacturing employment: Evidence from transition economies," The World Economy, Wiley Blackwell, vol. 41(9), pages 2320-2348, September.
    3. Saska Petrova & Michael Gentile & Ilkka Henrik Mäkinen & Stefan Bouzarovski, 2013. "Perceptions of Thermal Comfort and Housing Quality: Exploring the Microgeographies of Energy Poverty in Stakhanov, Ukraine," Environment and Planning A, , vol. 45(5), pages 1240-1257, May.
    4. Astrid Cullmann & Christian von Hirschhausen, 2007. "From Transition to Competition: Dynamic Efficiency Analysis of Polish Electricity Distribution Companies," Discussion Papers of DIW Berlin 716, DIW Berlin, German Institute for Economic Research.
    5. Stern, J., 2000. "Electricity and telecommunications regulatory institutions in small and developing countries," Utilities Policy, Elsevier, vol. 9(3), pages 131-157, September.
    6. Pyle, William, 2006. "Resolutions, recoveries and relationships: The evolution of payment disputes in Central and Eastern Europe," Journal of Comparative Economics, Elsevier, vol. 34(2), pages 317-337, June.
    7. Falavigna, Greta & Ippoliti, Roberto, 2023. "SMEs’ behavior under financial constraints: An empirical investigation on the legal environment and the substitution effect with tax arrears," The North American Journal of Economics and Finance, Elsevier, vol. 66(C).
    8. Luc Moers, 2000. "Determinants of Enterprise Restructuring in Transition: Description of a Survey in Russian Industry," Post-Communist Economies, Taylor & Francis Journals, vol. 12(3), pages 307-335.
    9. Mehrdad Vahabi, 2001. "The Soft Budget Constraint: A Theoretical Clarification," Post-Print hal-00629160, HAL.
    10. Herrendorf, Berthold & Valentinyi, Akos & Waldmann, Robert, 1998. "Ruling out Indeterminacy: the Role of Heterogeneity," CEPR Discussion Papers 1858, C.E.P.R. Discussion Papers.
    11. Shumei Gao and Mark E. Schaffer & Shumei Gao and Mark E. Schaffer, 1998. "Financial Discipline in the Enterprise Sector in Transition Countries: How Does China Compare?," William Davidson Institute Working Papers Series 124, William Davidson Institute at the University of Michigan.
    12. O'Toole, Conor M. & Morgenroth, Edgar L.W. & Ha, Thuy T., 2016. "Investment efficiency, state-owned enterprises and privatisation: Evidence from Viet Nam in Transition," Journal of Corporate Finance, Elsevier, vol. 37(C), pages 93-108.
    13. Kornai, János, 2000. "A költségvetési korlát megkeményítése a posztszocialista országokban [Hardening of the budget constraint in the post-socialist countries]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 1-22.
    14. Tonci Bakovic & Bernard Tenenbaum & Fiona Woolf, 2003. "Regulation by Contract : A New Way to Privatize Electricity Distribution?," World Bank Publications - Books, The World Bank Group, number 15078, December.
    15. Karp, Larry S. & Stefanou, Spiro E., 1995. "Prospects and Policy for Central and East European Agriculture," CUDARE Working Papers 6179, University of California, Berkeley, Department of Agricultural and Resource Economics.
    16. Lars Kumkar, 2003. "Regulatory Choices and Commitment: Challenges for Electricity Market Regulation in Kosovo," Post-Communist Economies, Taylor & Francis Journals, vol. 15(1), pages 91-115.
    17. Karel Janda, 2004. "Bankruptcy Procedures with Ex Post Moral Hazard," Working Papers IES 61, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised 2004.
    18. Nataliya Zinych & Martin Odening, 2009. "Capital market imperfections in economic transition: empirical evidence from Ukrainian agriculture," Agricultural Economics, International Association of Agricultural Economists, vol. 40(6), pages 677-689, November.
    19. Maria Ponomareva & Ekaterina Zhuravskaya, 2004. "Federal tax arrears in Russia Liquidity problems, federal redistribution or regional resistance?," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 12(3), pages 373-398, September.
    20. Céline Bignebat & Fabian Gouret, 2008. "Determinants and consequences of soft budget constraints. An empirical analysis using enterprise-level data in transition countries," Post-Print halshs-00308719, HAL.

    More about this item

    Keywords

    inter-enterprise arrears; regulation; competition.;
    All these keywords.

    JEL classification:

    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • K20 - Law and Economics - - Regulation and Business Law - - - General
    • L40 - Industrial Organization - - Antitrust Issues and Policies - - - General
    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hwe:certdp:9725. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Colin Miller (email available below). General contact details of provider: https://edirc.repec.org/data/cehwuuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.