Regulatory and ownership determinants of unbundling regime choice for European electricity transmission utilities

Alexis Meletiou, Carlo Cambini and Marcelo Masera

Utilities Policy, 2018, vol. 50, issue C, 13-25

Abstract: One of the fundamental provisions of the European electricity directives is the so-called unbundling of structures and functions. Vertical disintegration with Full Unbundling (ownership unbundling or independent system operation) is considered an important step toward electricity market restructuring. While Full Unbundling (FU) models appear to be the most prevalent, several European countries adhered solely to less stringent forms of unbundling. Using a dataset of the 35 major electricity transmission utilities in Europe, this study provides an econometric analysis to understand the individual effect of regulation and ownership structure on the decision to adopt more stringent unbundling regimes. The overall results show that incentive-based or hybrid regulatory schemes and private ownership, are associated with a higher probability that a country will opt for FU.

Keywords: Ownership; Unbundling; Transmission networks; TSOs; Regulation (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0957178716303174
Full text for ScienceDirect subscribers only

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:eee:juipol:v:50:y:2018:i:c:p:13-25

DOI: 10.1016/j.jup.2018.01.006

Access Statistics for this article

Utilities Policy is currently edited by Beecher, Janice

More articles in Utilities Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().