 Asymmetric effects of electricity regulatory reforms in the EU15 and in the New Member States: Empirical evidence from residential prices 1990–2011Emanuele Bacchiocchi, Massimo Florio and Giulia Taveggia Utilities Policy, 2015, vol. 35, issue C, 72-90 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. Keywords: Electricity market reforms; Liberalization; Privatization; ETCR indicators (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:35:y:2015:i:c:p:72-90 DOI: 10.1016/j.jup.2015.07.002 Access Statistics for this article Utilities Policy is currently edited by Beecher, Janice More articles in Utilities Policy from Elsevier |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.