A Fair Price for Energy? Ownership versus Market Opening in the EU15
Carlo V. Fiorio
University of Milan - Dipartimento di Scienze Economiche, Aziendali e Statistiche
University of Milan - Department of Economics, Business and Statistics (DEAS)
July 15, 2010
CESifo Working Paper Series No. 3124
In the past two decades privatisation and liberalisation of network industries providing services of general economic interest (SGEI), have been particularly significant in the European Union. Wide variations around a common policy trend can, however, be observed across countries and sectors. We focus on electricity and gas sectors because energy sectors have usually been profit makers, not affected by direct government transfers, in contrast to other SGEI. We study the effects of privatisation and other reforms on consumer prices using both subjective data on consumers’ perception of utility prices and data on average prices paid.
Number of Pages in PDF File: 49
Keywords: privatisation, electricity, gas, reforms
JEL Classification: L94, L95, L33working papers series
Date posted: July 17, 2010
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