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Regulation, Industry Structure and Performance in the Electricity Supply Industry

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  • Faye Steiner

Abstract

This paper seeks to assess the impact of liberalisation and privatisation on performance in the generation segment of the electricity supply industry. Regulatory indicators for a panel of 19 OECD countries over a 10 year time period were constructed to examine the influence of regulatory reform on efficiency and price, and to assess the relative efficacy of different reform strategies. The presence of data with both cross-country and time-series dimensions allows separate identification of country specific and regulatory effects. The primary findings are that while changes in legal rules may be slow to translate into changes in conduct, unbundling of generation, private ownership, expanded access to transmission networks, and the introduction of electricity markets impact the performance measures in a statistically significant way ... Ce document évalue l’impact de la libéralisation et de la privatisation sur la performance dans le secteur de la production d’électricité. En s’appuyant sur un panel de données composé d’observations sur 19 pays membres de l’OCDE pour 10 années, les indicateurs de réglementation ont été construits pour mettre en évidence d’une part l’impact de la réforme de la réglementation sur l’efficacité et les prix et d’autre part pour évaluer les différentes stratégies de réforme. La comparaison des pays dans un cadre dynamique permet d’identifier et de séparer les effets pays des effets imputables á la réglementation. Les principaux résultats de l’analyse suggèrent que les changements dans la législation sont lents á se répercuter sur le comportement des entreprises mais que la séparation des segments de la production et du transport, la nature de l’actionnaire, les conditions de l’accès au réseau et l’introduction d’un marché de l’électricité ont un impact statistiquement significatif sur ...

Suggested Citation

  • Faye Steiner, 2000. "Regulation, Industry Structure and Performance in the Electricity Supply Industry," OECD Economics Department Working Papers 238, OECD Publishing.
  • Handle: RePEc:oec:ecoaaa:238-en
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    File URL: http://dx.doi.org/10.1787/880084226021
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    Keywords

    economics of regulation; electric utilities; entreprise publique; government policy (energy); industrial policy; industrie réglementée et droit administratif; models with panel data; modèle de panel; politique gouvernementale (énergie); politique industrielle; public enterprises; regulated industries and administrative law; service public (électricité); économie de la régulation;

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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