Regulation, Industry Structure, and Performance in the Electricity Supply Industry

41 Pages Posted: 9 May 2000  

Faye Steiner

University of Paris I Pantheon-Sorbonne - CES Team

Date Written: March 2000

Abstract

This paper seeks to assess the impact of liberalisation and privatisation on performance in the generation segment of the electricity supply industry. Regulatory indicators for a panel of 19 OECD countries over a 10 year time period were constructed to examine the influence of regulatory reform on efficiency, price, and quality, and to assess the relative efficacy of different reform strategies. The presence of data with both cross-country and time-series dimensions allows separate identification of country specific and regulatory effects. The primary findings are that while changes in legal rules may be slow to translate into changes in conduct, unbundling of generation, private ownership, expanded access to transmission networks, and the introduction of electricity markets impact the performance measures in a statistically significant way, on average.

JEL Classification: K23, L51, L94, L43, L32, L52, Q48, C23

Suggested Citation

Steiner, Faye, Regulation, Industry Structure, and Performance in the Electricity Supply Industry (March 2000). Available at SSRN: https://ssrn.com/abstract=223648 or http://dx.doi.org/10.2139/ssrn.223648

Faye Steiner (Contact Author)

University of Paris I Pantheon-Sorbonne - CES Team ( email )

12, place du Panthéon
Paris, IL
France
+33 (0) 1 44 07 82 69 (Phone)

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