In 1998, the European Commission decided to deregulate the national electricity sector with the objective of creating a single energy market. This deregulation involved an important increase in M&As (Mergers & Acquisitions), leading to a large reorganization of the European electricity industry....

Since the early 1980s, electricity industry reforms have been initiated in more than half of the countries in the world. Among the primary targets of these reform schemes, there has been an increase in efficiency of the sector; and it is implicitly assumed that government support to energy...

A stochastic frontier cost function is estimated using panel data for the electricity generating industry in India. The impact of distributional and functional form assumptions on technical inefficiency and the sources of inefficiency are investigated by using maximum likelihood, GLS and...

Purpose – The most problematic area of any carbon policy debate is the treatment of incumbent CO2 intensive coal-fired electricity generators. Policy applied to the electricity sector is rarely well guided by macroeconomic theory and modeling alone, especially in the case of carbon where the...

This paper assesses the carbon exposure of European electric utilities covered by the EU Emissions Trading System (EU ETS). First, we rely on an asset pricing model to empirically determine the effect of carbon price risks on firm-specific cost of capital for a sample of 20 European utility...

Privatization in Eastern Europe has helped in the transition of the region's economies from planned to free market. However, the effects of privatization on the environment are relatively unknown and many firms remain under state ownership today. We compare the environmental performance of...

La liberalización del sector eléctrico busca como objetivo un incremento de eficiencia en dicha industria. Es de especial relevancia la inversión en nueva capacidad de generación puesto que el suministro eléctrico es indispensable en la mayoría de los procesos productivos. En este...

The concept of sustainable development with three-dimensional formula was used to compare the sustainability of the electricity industry in Mexico and its northern border. Energy indicators for economic, social, and environmental dimensions were applied to the electricity industry between 1993...

The standard electricity industry reform paradigm in several EU countries since the 1990s includes privatization, unbundling, liberalization. While the implementation and design of reforms widely differs across the EU, the European Commission insists on a rather unified approach, aiming at the...

Over the last decades, the structure of the European Union (EU) electricity sector has witnessed fundamental reform due to the increased complexity in interactions of political, economic and technological forces. The way electricity industry is structured is gradually evolving from vertically...