European electricity industry has recently come through liberalization. Surge of intakes with high share of cross-border deals was market players' response. Measuring of post-merger performance alterations is a central question of M&A literature. EU energy sector is responsible for significant...

Given the frequent observation that the Philippine energy sector is complex, this study provides a structured review of issues in the sector. The structured review method is usually employed to systematically introduce readers to the complexities of a broad topic, such as the convolutions of a...

Electricity serves as a vital input to modern economies. Many critical infrastructures such transportation, telecommunications, banking, among others, depend on continuous supply of electricity to perform their functions. However, as modern economies continue to move towards digitalization and...

This study evaluates the achievement of the desired outcomes of the competition policies contained in the Electric Power Industry Restructuring Act of 2001 (EPIRA). It traces the evolution of the electric power industry before EPIRA and post-EPIRA. It looks at impacts on the consumers in terms...

Policies to promote privatisation in developing-country infrastructure gained momentum in the early 1990s as donors grew increasingly frustrated with efforts to strengthen public sector services that continued to fail. The strategy was intended to bring both finance and efficiency to ailing...

Since the 1990s, efficiency and benchmarking analysis has increasingly been used in network utilities research and regulation. A recurrent concern is the effect of environmental factors that are beyond the influence of firms (observable heterogeneity) and factors that are not identifiable...

Being able to transport electricity seamlessly across borders is essential for achieving three major European Union energy policy goals: (1) enabling competition between national energy companies, (2) cost-effective roll-out of renewables,and (3) security of supply. However, neither the market...

The objective of this paper is to combine a real options framework with portfolio optimization techniques and to apply this new framework to investments in the electricity sector. In particular, a real options model is used to assess the adoption decision of particular technologies under...

The European Council and the European Parliament adopted the European Electricity Directive in 1996. Since the end of the implementation period in 1999, some parts of the European power sector have been liberalized. In most countries, e.g., in Germany, price reductions and comprehensive...

Emission trading has become recently more and more import in environmental regulation. In the context of controlling greenhouse gas emissions, the directive on a Europewide trading scheme for large immobile sources may be perceived as one of the most important milestones in recent years. Prior...