Economies of scale and scope are typically modelled and estimated using cost functions that are common to all firms in an industry irrespective of whether they specialize in a single output or produce multiple outputs. We suggest an alternative flexible technology model that does not make this...

This article examines developments in Australia’s electricity supply industry over the past decade. The article outlines the impetus for reforms, their impact on the industry and emerging trends.

This paper looks at the restructuring of European electricity markets that has been taking place since the 1990s. This liberalisation process, driven largely by EU legislation aiming to create a single market for electricity, has led to significant changes in how electricity markets in member...

An important goal of the European Commission is the promotion of the internal energy market (here specifically electricity), which requires sufficient and adequate cross-border interconnector capacity. However, cross-border interconnector capacity is scarce and, more importantly, the progress of...

Economies of scale and scope are typically modelled and estimated using cost functions that are common to all firms in an industry irrespective of whether they specialize in a single output or produce multiple outputs. We suggest an alternative flexible technology model that does not make this...

The German energy transition massively alters the market structure of electricity supply and forces incumbent electric utilities to rethink their business strategies. We analyze three main developments that undermine the former market dominance of the 'Big 4' incumbents in Germany. First,...

We extend the theory of monopoly regulation under imperfect information to the case of customer, rather than investor, ownership. The firm's manager can exert two types of effort - a contractible effort to reduce costs, and a non-contractible effort to increase quality. The former decreases...

Les objectifs fixés par l'accord de Kyoto, s'ils seront respectés, imposent des changements fondamentaux dans la structure de l'économie nord-américaine. Ce texte met en évidence l'ampleur du défi de Kyoto en décrivant clairement l'inertie historique dans l'industrie électrique...

This paper’s objective is to take a more in-depth look at, and encourage debate on, the mechanism that were in force in the birth, growth and crisis of traditional electrical systems. The merit of Arteta, as with other SMEs in the electrical sector, resided in its ability to provide, almost...

Competitive electricity markets are artificial markets with extensive rules for all participants arising from the complex interconnections of the electricity network. Governments or regulatory agencies oversee the market design process and the operation and maintenance of the market, so market...