European Electricity Market Reforms: Any Signs of Efficiency Improvements?

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: LICOS Discussion Paper ; No. 262

Classification and Topics

• 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

Contributors, Places and Time

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

Further information

• Handle: http://hdl.handle.net/10419/74968
• Last update: 10.03.2025, 11:43 AM CET