Economic Reform of the Electricity Industries of Central and Eastern Europe

CERT Working Paper No. DP97/25

87 Pages Posted: 19 Mar 1999

See all articles by Jon Stern

Jon Stern

City, University of London - Centre for Competition and Regulatory Policy - Department of Economics

Junior R. Davis

Heriot-Watt University

Date Written: 1997

Abstract

The purpose of this paper is the following: firstly, to chart how much economic reform of CEE electricity industries has taken place to date; secondly, to discuss why progress has been so limited; and, thirdly, to consider the prospects over the next few years. In charting the economic progress to date, we will consider and discuss progress in electricity price unbundling and rebalancing; in utility commercialization; in industry and market restructuring and liberalization; and in privatization, as well as the development of economic regulation. For the reasons outlined above, we will explore the pricing issues in some detail as they are essential for understanding the difficulties in making progress in the other aspects of economic reform. The analysis concentrates on the 10 countries with which the EU has an Association Agreement and who are stated candidates for EU membership (the EU 10).

JEL Classification: D40, K20, L40, L33

Suggested Citation

Stern, Jon and Davis, Junior R., Economic Reform of the Electricity Industries of Central and Eastern Europe (1997). CERT Working Paper No. DP97/25. Available at SSRN: https://ssrn.com/abstract=142358 or http://dx.doi.org/10.2139/ssrn.142358

Jon Stern

City, University of London - Centre for Competition and Regulatory Policy - Department of Economics ( email )

Northampton Square
London, EC1V 0HB
United Kingdom

Junior R. Davis (Contact Author)

Heriot-Watt University

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