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principles and design practices borrowed directly from economic regulation of public utilities and against the backdrop of the …
Persistent link: https://www.econbiz.de/10013222136
We examine the impact of liberalization, energy efficiency, renewable energy, and security of supply legislations on the risk-return profiles of European energy utilities over the period 1996 to 2013. Results show that, after controlling for equity market and commodity risk factors, the EU...
Persistent link: https://www.econbiz.de/10013043636
Independent regulatory authorities are a basic prerequisite for a successful liberalization process. However, contrary to what is expected, both graphical analyses and OLS regressions for a small sample of electricity and gas regulators operating in 16 European countries reveal a negative...
Persistent link: https://www.econbiz.de/10010492454
This paper presents an overview on the frequency regulation of deregulated power market using various techniques. The …
Persistent link: https://www.econbiz.de/10012890340
Persistent link: https://www.econbiz.de/10011848200
We examine whether regulatory uncertainty encourages firms to delay capital investment decisions. The case of electricity market deregulation in the U.S is unique because the period of regulatory uncertainty is long-lived and there are data available on planned future investments. These...
Persistent link: https://www.econbiz.de/10013119582
Economic theory states that “free market” competition naturally achieves lower prices—thereby increasing efficiency and benefiting society. This is the first paper in the literature to use means testing to statistically analyze electricity prices, from 1970-2011, for states that...
Persistent link: https://www.econbiz.de/10013322254
The European Union's (EU) energy sector is changing due to major policy reforms. In this article, we examine the impact of major legislative changes which were designed to induce competition in the energy sector: the three liberalization packages. Competition was expected to benefit the industry...
Persistent link: https://www.econbiz.de/10012949854
. Recognising that regulation is itself costly, and that market contracting, ownership and regulation are partly substitutable forms … contracting, ownership and regulation than does state ownership. Regulation of customer-owned distribution (and transmission) is … ownership has evolved as an effective substitute for regulation. Policy implications are drawn …
Persistent link: https://www.econbiz.de/10014062279
Persistent link: https://www.econbiz.de/10002509266