Energy market liberalization and renewable energy policies in OECD countries

Francesco Nicolli and Francesco Vona

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Abstract: This paper investigates the effect of energy liberalization, compared to other drivers, on policies that support renewable energy in a long panel of OECD countries. We estimate this effect by accounting for the endogeneity of liberalization related to joint decisions within a country's energy strategy. Using regulation in other industries as instruments, we find that energy liberalization increases public support for renewable energy. The effect of liberalization is the second largest after the effect of per-capita income and is mostly driven by reductions in entry barriers, while the effect of privatization is unclear. This finding suggests that a reduction in the monopolistic power of state-owned utilities has a positive effect on renewable energy policies when various types of actors are ensured access to the grid instead of it being provided to only a few large private firms.

Keywords: Renewable energy policy; Energy market liberalization; Instrumental variables; Applied political economy (search for similar items in EconPapers)
Date: 2019-05
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Citations: View citations in EconPapers (45)

Published in Energy Policy, 2019, 128, pp.853-867. ⟨10.1016/j.enpol.2019.01.018⟩

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Related works:
Journal Article: Energy market liberalization and renewable energy policies in OECD countries (2019)
Working Paper: Energy market liberalization and renewable energy policies in OECD countries (2014)
Working Paper: Energy market liberalisation and renewable energy policies in oecd countries (2013)
Working Paper: Energy market liberalisation and renewable energy policies in OECD countries (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02562707

DOI: 10.1016/j.enpol.2019.01.018

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