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La «Pax Electrica» a-t-elle réduit le contrôle de Suez sur Elia, le transporteur belge d’électricité?

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  • Marc Lévy

    (Université Libre de Bruxelles)

Abstract

(VF)L’entreprise Elia, qui gère le réseau de transport d’électricité en Belgique, est contrôlée par Electrabel, le principal producteur d’électricité, et les pouvoirs publics. L’État belge a cependant contraint le groupe français Suez, maison-mère d’Electrabel, à céder 3% de sa participation dans Elia dans le cadre des accords dits de la Pax Electrica. Cet article étudie l’impact de cette cession au moyen de l’indice de Banzhaf qui mesure l’intensité du contrôle. Les résultats montrent que ces accords n’ont réduit que modestement le contrôle de Suez sur Elia au profit de l’État belge.(VA)Elia, the Belgian electricity grid manager, is controlled by the main electricity producer, Electrabel, and by public authorities. The Belgian state has recently constrained the French group Suez to sell 3% of its stake in Elia in the context of the so-called Pax Electrica agreements. This article studies the impact of this transfer of property by means of the Banzhaf control index. The results show that the agreements have only modestly changed Suez’ control intensity on Elia.

Suggested Citation

  • Marc Lévy, 2010. "La «Pax Electrica» a-t-elle réduit le contrôle de Suez sur Elia, le transporteur belge d’électricité?," Revue Finance Contrôle Stratégie, revues.org, vol. 13(4), pages 139-159, December.
    • Handle: RePEc:dij:revfcs:v:13:y:2010:i:q4:p:139-159.
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    References listed on IDEAS

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    More about this item

    Keywords

    propriété; contrôle; électricité; indice de Banzhaf; Key words; ownership; control; electricity; Banzhaf index.;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • L12 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Monopoly; Monopolization Strategies
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities

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