Economic Reform in Europe: Integrating and Liberalizing the Market for Services

David M Newbery ()

No 3183, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: The EU faces challenges in reforming the Gas and Electricity Directives to implement the single market in electricity and gas. The Paper argues that there is unfinished business in the areas of regulation, restructuring, encouraging proper risk management through contracting, and designing markets and regulation to ensure effective and sustainable competition in the services supplied over the networks. Regulators often lack critical information and appropriate power to act. Restructuring is problematic, requiring forceful competition authorities with a clear agenda to achieve desirable structural reforms. A key issue is striking the right balance between complete liberalisation and ensuring adequate capacity and investment. Finally, proactive competition policies will be necessary to resist the powerful forces for vertical and horizontal integration visible in the Union.

Keywords: competition; contracts; electricity; eu; gas; regulation; risk (search for similar items in EconPapers)
JEL-codes: K23 L51 L94 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eec and nep-law
Date: 2002-01

Downloads: (external link)
http://www.cepr.org/pubs/dps/DP3183.asp (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

Related works:
Journal Article: Economic reform in Europe: integrating and liberalizing the market for services (2001)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:cpr:ceprdp:3183

Ordering information: This working paper can be ordered from
http://www.cepr.org/pubs/dps/DP3183.asp

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers
Address: Centre for Economic Policy Research, 53--56 Great Sutton Street, London EC1V 0DG
Series data maintained by ().