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EU Gas Industry Reforms and Consumers’ Prices

Author

Listed:
  • 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, , vol. 31(4), pages 167-182, October.
    • Handle: RePEc:sae:enejou:v:31:y:2010:i:4:p:167-182
    DOI: 10.5547/ISSN0195-6574-EJ-Vol31-No4-8
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    References listed on IDEAS

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    1. Arellano, Manuel & Bover, Olympia, 1995. "Another look at the instrumental variable estimation of error-components models," Journal of Econometrics, Elsevier, vol. 68(1), pages 29-51, July.
    2. Richard Blundell & Stephen Bond, 2000. "GMM Estimation with persistent panel data: an application to production functions," Econometric Reviews, Taylor & Francis Journals, vol. 19(3), pages 321-340.
    3. Paul Conway & Giuseppe Nicoletti, 2006. "Product Market Regulation in the Non-Manufacturing Sectors of OECD Countries: Measurement and Highlights," OECD Economics Department Working Papers 530, OECD Publishing.
    4. Manuel Arellano & Stephen Bond, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(2), pages 277-297.
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    Cited by:

    1. Andrea Bastianin & Marzio Galeotti & Michele Polo, 2018. "Convergence of European natural gas prices," IEFE Working Papers 107, IEFE, Center for Research on Energy and Environmental Economics and Policy, Universita' Bocconi, Milano, Italy.
    2. Andrea Bastianin & Marzio Galeotti & Michele Polo, 2018. "Convergence of European Natural Gas Prices," GREEN Working Papers 01, GREEN, Centre for Research on Geography, Resources, Environment, Energy & Networks, Universita' Bocconi, Milano, Italy.

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