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Market reforms, governance and performance: lessons learned from the experience in the EU energy industries

Steve Thomas and Stefano Clò
Authors registered in the RePEc Author Service: Stefano Clo ()

Chapter 3 in The Reform of Network Industries, 2017, pp 43-66 from Edward Elgar Publishing

Abstract: This chapter analyzes how the European energy industry has been reformed in the last decades. We describe the structure of the industry prior to and after its reform; the nature of the four businesses; the progress in creating a competitive generation and retail markets; the change in ownership and corporate governance of the incumbent companies; and how they have responded to market reforms. We finally discuss the impact of these reforms on market performance, prices and social well-being in general.

Keywords: Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2017
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