A Fair Price for Energy? Ownership versus Market Opening in the EU15

49 Pages Posted: 17 Jul 2010

See all articles by Carlo V. Fiorio

Carlo V. Fiorio

University of Milan - Department of Economics, Management and Quantitative Methods (DEMM)

Massimo Florio

University of Milan - Department of Economics, Management and Quantitative Methods (DEMM)

Date Written: July 15, 2010

Abstract

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.

Keywords: privatisation, electricity, gas, reforms

JEL Classification: L94, L95, L33

Suggested Citation

Fiorio, Carlo V. and Florio, Massimo, A Fair Price for Energy? Ownership versus Market Opening in the EU15 (July 15, 2010). CESifo Working Paper Series No. 3124, Available at SSRN: https://ssrn.com/abstract=1640440 or http://dx.doi.org/10.2139/ssrn.1640440

Carlo V. Fiorio (Contact Author)

University of Milan - Department of Economics, Management and Quantitative Methods (DEMM) ( email )

Via Conservatorio, 7
Milan, 20122
Italy

Massimo Florio

University of Milan - Department of Economics, Management and Quantitative Methods (DEMM) ( email )

Via Conservatorio 7
I-20122 Milano, 20122
Italy
+39 02 50321510 (Phone)
+39 02 50321505 (Fax)

HOME PAGE: http://www.demm.unimi.it/ecm/home

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