Power Utility Re-regulation in East European and CIS Transformation Countries (1990-1999): An Institutional Interpretation
This paper analyzes the process of power utility re-regulation in Eastern Europe and the CIS during the decade of systemic transformation (1990-1999); in particular, it explores reasons why early attempts to introduce competition-oriented reform models have not succeeded. We discuss advantages and disadvantages of various reform models from an institutional economic perspective. The approaches to and results of power sector reform in Eastern Europe are assessed; quantitative indicators are wholesale and retail prices, cost coverage ratios, investment levels, and the degree of unbundling and privatization. The paper concludes that a gradual approach to reforms may have been appropriate for the first years of systemic transformation, but that today, ten years later, there is no reason to delay market-oriented reforms any longer.
|Date of creation:||2001|
|Contact details of provider:|| Postal: Mohrenstraße 58, D-10117 Berlin|
Web page: http://www.diw.de/en
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Paul L. Joskow, 1997. "Restructuring, Competition and Regulatory Reform in the U.S. Electricity Sector," Journal of Economic Perspectives, American Economic Association, vol. 11(3), pages 119-138, Summer.
- David M. Newbery, 1994. "Restructuring and privatizing electric utilities in Eastern Europe," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 2(3), pages 291-316, 09.
- Jon Stern, 1994. "Economic regulation in Central and Eastern Europe 1," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 2(3), pages 391-398, 09.
- Bickenbach, Frank & Kumkar, Lars & Soltwedel, Rüdiger, 1999. "The new institutional economics of antitrust and regulation," Kiel Working Papers 961, Kiel Institute for the World Economy (IfW).
- I. Lewington, 1997. "Framework Options for Electricity Utilities in Transition Economies: Attempting a Systematic Approach," CERT Discussion Papers 9708, Centre for Economic Reform and Transformation, Heriot Watt University.
- Helene Ryding, 1998. "Electricity Restructuring in Ukraine: Illusions of Power in the Power Industry?," CERT Discussion Papers 9803, Centre for Economic Reform and Transformation, Heriot Watt University.
- Spiller, Pablo T, 1996. "Institutions and Commitment," Industrial and Corporate Change, Oxford University Press, vol. 5(2), pages 421-452.
- Kumkar, Lars, 1999. "Alternative Liberalisierungsmodelle für die Stromwirtschaft: Eine komparative Institutionenanalyse," Kiel Working Papers 928, Kiel Institute for the World Economy (IfW).
- von Hirschhausen, Christian & Engerer, Hella, 1998. "Post-Soviet gas sector restructuring in the CIS: a political economy approach," Energy Policy, Elsevier, vol. 26(15), pages 1113-1123, December.
- Joskow, Paul L, 1996. "Introducing Competition into Regulated Network Industries: From Hierarchies to Markets in Electricity," Industrial and Corporate Change, Oxford University Press, vol. 5(2), pages 341-382.
- Mark Armstrong & John Vickers, 1996. "Regulatory reform in telecommunications in Central and Eastern Europe," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 4(2), pages 295-318, October.
- Glachant, Jean-Michel, 1998. "England's wholesale electricity market: could this hybrid institutional arrangement be transposed to the European Union?1," Utilities Policy, Elsevier, vol. 7(2), pages 63-74, June.