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Electricity Liberalisation in the European Union: A Progress Report

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  • Pollitt, M.G.

Abstract

It is around 5 years since my colleague, Tooraj Jamasb, and I reviewed the EU’s progress with electricity reform (Jamasb and Pollitt, 2005). At that time many countries were still struggling to implement elements of the EU wide policy on electricity sector liberalisation that they had signed up to. In this short update paper we review the latest evidence on progress with electricity liberalisation in the EU. We begin with a short review of the legislative background. We continue with a look at the evolution of markets and trading in electricity across the EU. Next we outline progress with the key reform elements and their impact on market structure issues within the EU. We look at the performance of the whole sector and company level performance. We proceed to discuss progress in reducing emissions and promoting renewables. In closing we note recent developments in electricity reform.

Suggested Citation

  • Pollitt, M.G., 2009. "Electricity Liberalisation in the European Union: A Progress Report," Cambridge Working Papers in Economics 0953, Faculty of Economics, University of Cambridge.
  • Handle: RePEc:cam:camdae:0953
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    File URL: http://www.econ.cam.ac.uk/research-files/repec/cam/pdf/cwpe0953.pdf
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    References listed on IDEAS

    as
    1. Tooraj Jamasb, 2007. "Technical Change Theory and Learning Curves: Patterns of Progress in Electricity Generation Technologies," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 51-72.
    2. Massarutto, Antonio, 2007. "Municipal waste management as a local utility: Options for competition in an environmentally-regulated industry," Utilities Policy, Elsevier, vol. 15(1), pages 9-19, March.
    3. Longden, David & Brammer, John & Bastin, Lucy & Cooper, Nic, 2007. "Distributed or centralised energy-from-waste policy? Implications of technology and scale at municipal level," Energy Policy, Elsevier, vol. 35(4), pages 2622-2634, April.
    4. Hope, C. & Newbery, D., 2006. "Calculating The Social Cost Of Carbon," Cambridge Working Papers in Economics 0749, Faculty of Economics, University of Cambridge.
    5. Miranda, Marie Lynn & Hale, Brack, 1997. "Waste not, want not: the private and social costs of waste-to-energy production," Energy Policy, Elsevier, vol. 25(6), pages 587-600, May.
    6. Connor, Peter M., 2003. "UK renewable energy policy: a review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 7(1), pages 65-82, February.
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    Cited by:

    1. repec:eee:enepol:v:107:y:2017:i:c:p:258-277 is not listed on IDEAS
    2. Torriti, Jacopo, 2014. "Privatisation and cross-border electricity trade: From internal market to European Supergrid?," Energy, Elsevier, vol. 77(C), pages 635-640.
    3. repec:oup:oxford:v:33:y:2017:i:suppl_1:p:s134-s143. is not listed on IDEAS
    4. 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.
    5. Jacques Pelkmans & Lionel Kapff, 2010. "Interconnector Investment for a Well-functioning Internal Market. What EU regime of regulatory incentives?," Bruges European Economic Research Papers 18, European Economic Studies Department, College of Europe.
    6. 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.
    7. Nadia Chernenko, 2013. "The Russian Electricity Supply Industry: from Reform to Reform?," Cambridge Working Papers in Economics 1342, Faculty of Economics, University of Cambridge.
    8. Kucsera, Dénes & Rammerstorfer, Margarethe, 2014. "Regulation and grid expansion investment with increased penetration of renewable generation," Resource and Energy Economics, Elsevier, vol. 37(C), pages 184-200.
    9. Hyland, Marie, 2016. "Restructuring European electricity markets – A panel data analysis," Utilities Policy, Elsevier, vol. 38(C), pages 33-42.
    10. Melitz, Jacques, 2012. "A framework for analyzing language and welfare," CEPR Discussion Papers 9091, C.E.P.R. Discussion Papers.
    11. Rabindra, Nepal & Tooraj, Jamasb, 2013. "Caught Between Theory and Practice: Government, Market, and Regulatory Failure in Electricity Sector Reforms," SIRE Discussion Papers 2013-22, Scottish Institute for Research in Economics (SIRE).
    12. van der Weijde, Adriaan Hendrik & Hobbs, Benjamin F., 2012. "The economics of planning electricity transmission to accommodate renewables: Using two-stage optimisation to evaluate flexibility and the cost of disregarding uncertainty," Energy Economics, Elsevier, vol. 34(6), pages 2089-2101.
    13. Isabel Soares & Andres Faina & Jose Lopez & Laura Varela-Candamio, 2012. "What’s Happening to the European Electricity Market?," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 145-156.
    14. repec:ers:journl:v:xv:y:2012:i:sie:p:157-194 is not listed on IDEAS
    15. Polemis, Michael L., 2016. "New evidence on the impact of structural reforms on electricity sector performance," Energy Policy, Elsevier, vol. 92(C), pages 420-431.
    16. Michael G. Pollitt, 2017. "The economic consequences of Brexit: energy," Oxford Review of Economic Policy, Oxford University Press, vol. 33(suppl_1), pages 134-143.
    17. Erdogdu, Erkan, 2011. "The impact of power market reforms on electricity price-cost margins and cross-subsidy levels: A cross country panel data analysis," Energy Policy, Elsevier, vol. 39(3), pages 1080-1092, March.
    18. Bacchiocchi, Emanuele & Florio, Massimo & Taveggia, Giulia, 2015. "Asymmetric effects of electricity regulatory reforms in the EU15 and in the New Member States: Empirical evidence from residential prices 1990–2011," Utilities Policy, Elsevier, vol. 35(C), pages 72-90.
    19. Evgenii Monastyrenko, 2016. "Cross-Border M&As and Eco-Environmental Performance of European Energy Utilities," FIW Working Paper series 169, FIW.
    20. Nepal, Rabindra & Jamasb, Tooraj, 2015. "Caught between theory and practice: Government, market, and regulatory failure in electricity sector reforms," Economic Analysis and Policy, Elsevier, vol. 46(C), pages 16-24.
    21. Daisy Shen & Qing Yang, . "Electricity Market Regulatory Reform and Competition – Case Study of the New Zealand Electricity Market," Chapters, Economic Research Institute for ASEAN and East Asia (ERIA).
    22. Isabel Soares & Paula Sarmento, 2012. "Unbundling in the Telecommunications and the Electricity Sectors: How Far should it Go?," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 157-194.
    23. repec:wsi:ijitmx:v:10:y:2013:i:05:n:s0219877013400208 is not listed on IDEAS
    24. repec:ers:journl:v:xv:y:2012:i:sie:p:145-156 is not listed on IDEAS
    25. Pompei, Fabrizio, 2013. "Heterogeneous effects of regulation on the efficiency of the electricity industry across European Union countries," Energy Economics, Elsevier, vol. 40(C), pages 569-585.

    More about this item

    Keywords

    Single European Electricity Market; Electricity Directive;

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L - Industrial Organization
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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