Asymmetric effects of electricity regulatory reforms in the EU15 and in the New Member States : Empirical evidence from residential prices 1990 e 2011
Articolo
Data di Pubblicazione:
2015
Citazione:
Asymmetric effects of electricity regulatory reforms in the EU15 and in the New Member States : Empirical evidence from residential prices 1990 e 2011 / E. Bacchiocchi, M. Florio, G. Taveggia. - In: UTILITIES POLICY. - ISSN 0957-1787. - 35(2015 Aug 08), pp. 72-90. [10.1016/j.jup.2015.07.002]
Abstract:
This paper shows that there are asymmetric effects of regulatory reforms within two country groups in
the EU. We consider the EU27 countries, and update and enlarge the OECD/ETCR regulatory country
indicators up to year 2011. When distinguishing between EU15 countries and New Member States (NMS),
we find that market liberalization reduces the price of energy in the EU15 countries, while having the
opposite effect for the NMS. The paper concludes that the uniform electricity market reforms in the EU
apparently have had different effects between the EU15 and the NMS. This asymmetric shock is not at
variance with the principles of market opening, given the different starting points, but may in turn call
for different policy responses, as consumers in some NMS have faced significant price increases in a
relatively short period of time.
Tipologia IRIS:
01 - Articolo su periodico
Keywords:
Electricity market reforms; Liberalization; Privatization; ETCR indicators.
Elenco autori:
E. Bacchiocchi, M. Florio, G. Taveggia
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