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La riforma della distribuzione gas in Italia: implicazioni patrimoniali, finanziarie e di regulation

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  • Roberto Fazioli

Abstract

The effects of a complex liberalisation process in local gas distribution are examined in this paper. The aim of this analysis is to emphasise the multidimensional aspects of such a reform in gas market regulation at local level. First of all, Local Public Finance will bear strong losses due to minimisation of local public networks' remuneration and as a consequences of potential losses in local public small/medium firms. Also effective competition will be very feeble, due to strong financial barriers to entry the market. An oligopolistic scenario is probable, if not almost sure, for Gas Distribution Industry in the next few years, as the announced reform will be implemented without any correction in Public Regulation.

Suggested Citation

  • Roberto Fazioli, 2014. "La riforma della distribuzione gas in Italia: implicazioni patrimoniali, finanziarie e di regulation," Working Papers 2014093, University of Ferrara, Department of Economics.
  • Handle: RePEc:udf:wpaper:2014093
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    More about this item

    Keywords

    liberalisation; asset management; public infrastructures; energy distribution; public local finance; redistributive effects;
    All these keywords.

    JEL classification:

    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
    • L43 - Industrial Organization - - Antitrust Issues and Policies - - - Legal Monopolies and Regulation or Deregulation
    • L95 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Gas Utilities; Pipelines; Water Utilities
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures

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