Liberalization of Electricity Markets in Selected European Countries

Paul Welfens, Albrecht Kauffmann () and Martin Keim ()
Additional contact information
Martin Keim: Europäisches Institut für Internationale Wirtschaftsbeziehungen (EIIW)

No disbei124, EIIW Discussion paper from Universitätsbibliothek Wuppertal, University Library

Abstract: We look into liberalization issues in the context of the EU Electricity Liberalization. Taking a look at principal issues reveals that the Community Directive 96/92/EC does not really take into account the interdependencies of energy markets. Moreover, third party access is not effectively enforced, particularly not in Germany, where mergers between a major electricity company and the dominant gas company have raised particular issues. Electricity liberalization in Scandinavia is working relatively well. EU accession countries are considered potential electricity exporters in the long run as full restructuring will drive down both energy intensities and electricity intensities. Russia would be wise to quickly become a member country of WTO, not in the least to gain access to Western Europe's electricity market; the role of Russia so far has been neglected in the discussion of electricity liberalization. Excess capacities in EU-27 can be expected in the medium term. There is considerable doubt that politicians - often with ambitious goals in the field of environmental policy - will allow for a pan-European liberalization of electricity. We also take a closer look at regulatory policy issues.

Keywords: Energy; electricity; liberalization; regulation (search for similar items in EconPapers)
JEL-codes: K23 L43 L51 Q48 (search for similar items in EconPapers)
Pages: 54 Pages
Date: 2004-07
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://eiiw.wiwi.uni-wuppertal.de/fileadmin/eiiw/ ... Reihe/disbei_124.pdf (application/pdf)

Related works:
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: https://EconPapers.repec.org/RePEc:bwu:eiiwdp:disbei124

Access Statistics for this paper

More papers in EIIW Discussion paper from Universitätsbibliothek Wuppertal, University Library
Bibliographic data for series maintained by Frank Hoffmann ().