Arbeitspapier

European Electricity Market Reforms: Any Signs of Efficiency Improvements?

This paper investigates whether European electricity market refirms have induced any changes infirm efficiency either through productive, allocative or dynamic efficiency improve- ments. In particular, this ex-post analysis looks closely at productivity e ects of changing industry structure, ownership structure and regulation with respect to barriers to entry and access to wholesale and retail markets. Based on the Europeanfirm-level data for the period 1996-2007, the results indicate sluggish productivity improvements of European electricityfirms due to refirms implemented in the last decade. In particular, productivity gains are associated with high-productivityfirms close to the technology frontier, while no signi cant impact is found for the laggards. Looking from a dynamic perspective, it seems that the clos- est are thefirms to the frontier the more they are able to improve productivity in response to liberalization e orts stimulating competition.

Language
Englisch

Bibliographic citation
Series: LICOS Discussion Paper ; No. 262

Classification
Wirtschaft
Trade: General
Production, Pricing, and Market Structure; Size Distribution of Firms
Economics of Regulation
Electric Utilities
Subject
EU electricity market reforms
firms
productivity
regulation
TFP
Elektrizitätswirtschaft
EU-Energiepolitik
Internationaler Dienstleistungsverkehr
EU-Binnenmarkt
EU-Staaten

Event
Geistige Schöpfung
(who)
Zarnic, Ziga
Event
Veröffentlichung
(who)
Katholieke Universiteit Leuven, LICOS Centre for Institutions and Economic Performance
(where)
Leuven
(when)
2010

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Zarnic, Ziga
  • Katholieke Universiteit Leuven, LICOS Centre for Institutions and Economic Performance

Time of origin

  • 2010

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