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EU Gas Industry Reforms and Consumers' Prices

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  • Rinaldo Brau
  • Raffaele Doronzo
  • Carlo V. Fiorio
  • Massimo Florio

Abstract

This paper offers an empirical analysis of the impact of reforms in the natural gas industry on consumer prices across the EU-15 area. After briefly reviewing the most recent reforms, we study the relationship between regulatory indicators and price dynamics by means of panel data econometrics. Our findings suggest that so far there is limited evidence of beneficial effects for European consumers from the standard package of gas industry reforms.

Suggested Citation

  • Rinaldo Brau & Raffaele Doronzo & Carlo V. Fiorio & Massimo Florio, 2010. "EU Gas Industry Reforms and Consumers' Prices," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 167-182.
    • Handle: RePEc:aen:journl:2010v31-04-a08
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    Cited by:

    1. Tomaso Duso, Jo Seldeslachts, and Florian Szucs, 2019. "The Impact of Competition Policy Enforcement on the Functioning of EU Energy Markets," The Energy Journal, International Association for Energy Economics, vol. 0(Number 5).
    2. Victor Ajayi & Geoffroy Dolphin & Karim Anaya & Michael Pollitt, 2020. "The Productivity Puzzle in Network Industries: Evidence from the Energy Sector," Working Papers EPRG2021, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
    3. Pollitt, Michael G., 2012. "The role of policy in energy transitions: Lessons from the energy liberalisation era," Energy Policy, Elsevier, vol. 50(C), pages 128-137.
    4. Nicole Herweg & Stefan Wurster & Kathrin Dümig, 2018. "The European Natural Gas Market Reforms Revisited: Differentiating between Regulatory Output and Outcome," Social Sciences, MDPI, vol. 7(4), pages 1-19, April.
    5. Sven Heim, Bastian Krieger, and Mario Liebensteiner, 2020. "Unbundling, Regulation, and Pricing: Evidence from Electricity Distribution," The Energy Journal, International Association for Energy Economics, vol. 0(Special I).
    6. Christian Growitsch & Marcus Stronzik, 2014. "Ownership unbundling of natural gas transmission networks: empirical evidence," Journal of Regulatory Economics, Springer, vol. 46(2), pages 207-225, October.
    7. Andrea Bastianin & Paolo Castelnovo & Massimo Florio, 2017. "The Empirics of Regulatory Reforms Proxied by Categorical Variables: Recent Findings and Methodological Issues," Working Papers 2017.22, Fondazione Eni Enrico Mattei.
    8. Valadkhani, Abbas & Nguyen, Jeremy & Smyth, Russell, 2018. "Consumer electricity and gas prices across Australian capital cities: Structural breaks, effects of policy reforms and interstate differences," Energy Economics, Elsevier, vol. 72(C), pages 365-375.
    9. Sebastian Jilke & Steven Van de Walle, 2013. "Two track public services? Citizens' voice behaviour towards liberalized services in the EU15," Public Management Review, Taylor & Francis Journals, vol. 15(4), pages 465-476, May.
    10. Growitsch, Christian & Stronzik, Marcus, 2011. "Ownership Unbundling of Gas Transmission Networks - Empirical Evidence," EWI Working Papers 2011-7, Energiewirtschaftliches Institut an der Universitaet zu Koeln (EWI).
    11. Iweta Opolska, 2016. "Liberalisation of the gas industry in Europe.Does the European Union support efficacious regulatory solutions?," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 44.
    12. Bastianin, Andrea & Galeotti, Marzio & Polo, Michele, 2019. "Convergence of European natural gas prices," Energy Economics, Elsevier, vol. 81(C), pages 793-811.
    13. Victor Ajai & Karim Anaya & Geoffroy Dolphin & Michael Pollitt, 2022. "Do climate policies explain the productivity puzzle? Evidence from the Energy Sector," Working Papers 016, The Productivity Institute.
    14. Massimo Florio, 2014. "The return of public enterprise," Working Papers 201401, CSIL Centre for Industrial Studies.
    15. Testa, Federico & Stagnaro, Carlo, 2011. "Reti di trasporto nazionale e concorrenza nei mercati del gas: il caso Eni-Snam Rete Gas [Networks and competition in natural gas markets: the case of Eni-Snam Rete Gas]," MPRA Paper 48698, University Library of Munich, Germany.
    16. Opolska, Iweta, 2017. "The efficacy of liberalization and privatization in introducing competition into European natural gas markets," Utilities Policy, Elsevier, vol. 48(C), pages 12-21.
    17. Bastianin, Andrea & Castelnovo, Paolo & Florio, Massimo, 2018. "Evaluating regulatory reform of network industries: a survey of empirical models based on categorical proxies," Utilities Policy, Elsevier, vol. 55(C), pages 115-128.
    18. Gugler, Klaus & Rammerstorfer, Margarethe & Schmitt, Stephan, 2013. "Ownership unbundling and investment in electricity markets — A cross country study," Energy Economics, Elsevier, vol. 40(C), pages 702-713.
    19. Bloemhof, Barb, 2017. "Assessing consumer benefits in the Ontario residential retail natural gas market: ontario residential retail natural gas market: Why marketer entry did not help," Energy Policy, Elsevier, vol. 109(C), pages 555-564.

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