Evaluating the evidence on electricity reform: Lessons for the South East Europe (SEE) market
✍ Scribed by Michael Pollitt
- Publisher
- Elsevier Science
- Year
- 2009
- Tongue
- English
- Weight
- 282 KB
- Volume
- 17
- Category
- Article
- ISSN
- 0957-1787
No coin nor oath required. For personal study only.
✦ Synopsis
This paper discusses the evidence on electricity reform and relates it to the current situation of the South East Europe (SEE) electricity market. We begin by discussing the main elements of the European Union (EU) electricity reform model. Then we go on to discuss emerging good practice in the regulation of national electricity markets in the EU. This is important because it reflects the key role placed on independent regulation of the electricity sector in the EU reform model. Next, we evaluate the empirical evidence on the success of the EU reform model in particular and the success of electricity reforms more generally. This leads on to a discussion of the particular context of SEE electricity reform and what specific issues this raises. We conclude with a discussion of the importance of more general institutional context of SEE electricity reform. The paper suggests that it will be a substantial, but worthwhile, challenge to create a workable supra-national electricity market in the region.