Market Liberalization An Analysis Of The Austrian Electricity Market
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Author | : Natascha Ljubic |
Publisher | : GRIN Verlag |
Total Pages | : 67 |
Release | : 2004-08-05 |
Genre | : Business & Economics |
ISBN | : 3638298086 |
Bachelor Thesis from the year 2004 in the subject Economics - Case Scenarios, grade: 1 (A), Vienna University of Economics and Business (New Media Lab), course: Baccalaureut Work, language: English, abstract: The liberalization of the European electricity market is supposed to reduce electricity prices by opening up to competition and by promoting integration of the common European market. Deregulation allows energy consumers to choose their electric energy supplier and therefore dissolves electric utility monopolies. The resulting re-regulation and restructuring of the electricity industry has created oppor-tunities and challenges that need to be addressed to ensure long-term capacity sustainability. The promise and benefit expectations of electricity market liberalization may need to be tempered by the reality of the process. Market liberalization of the electricity supply sector depends on many different factors and boundary conditions in the EU. In order to analyze these issues, we will use Austria as an example showing the development in liberalization, deregulation, and even re-regulation processes and the impact on the industry structure and final consumer pricing. Given the industry structure, incentives to invest in the Austrian transmission and distribution networks remain to be established. We will show that high inflexible taxes and monopoly protected transmission costs, both together account for 80% of the price of electricity. Moreover, only 20% of the electricity market is liberalized and thus any price reductions due to the liberalization of the market will be minimal and therefore possibly "non existent" in Austria.
Author | : Martha M. Roggenkamp |
Publisher | : Intersentia nv |
Total Pages | : 338 |
Release | : 2005 |
Genre | : Electric power distribution |
ISBN | : 9050953174 |
The liberalisation of the electricity sector has changed the way in which electricity is traded. De facto or legal vertical monopolies are gradually abandoned and new participants have entered the market. At the wholesale level, one of the important developments is the establishment of organised electricity markets, i.e. electricity power exchanges. This book analyses the role and evaluates the impact of these new organised markets, which until now received little attention. The introduction provides an overview of the developments on EC level as this creates the legal environment within which power exchanges operate. The implementation of the EC Electricity Directive has inter alia resulted in a commodization of electricity trading. Thereupon the development of power pools and electricity exchanges is discussed as well as the products which can be traded. Subsequently, the development of the most important national and/or regional exchanges in Europe will be examined. National experts will analyse the role of power exchanges in the Nordic countries, the United Kingdom, the Netherlands, Germany, France, Austria, Spain and Italy. The authors analyse the most important developments in their jurisdictions according to a fixed outline (e.g. implementation of the EC Electricity Directive, market structure, emergence and functioning of the organised market, products traded and the impact of cross-border trade) which allows for a comparative analysis and facilitates understanding. Finally, some conclusions with regard to the establishment of a single electricity market will be presented as well as some future developments.
Author | : Pascal Molina |
Publisher | : |
Total Pages | : |
Release | : 2011 |
Genre | : |
ISBN | : |
The thesis describes the electricity market for Austria, Germany and Switzerland in the context of liberalization of the energy markets in Europe. The thesis analyses further the price indexes of the EEX Phelix and EEX Swissix day-ahead spot prices and conducts several statistical analysis of the data series. Underlying properties of the time series are also analysed.
Author | : |
Publisher | : |
Total Pages | : |
Release | : 2002 |
Genre | : |
ISBN | : |
Author | : Laura Lynne Kiesling |
Publisher | : |
Total Pages | : 0 |
Release | : 2012-03-13 |
Genre | : Electric utilities |
ISBN | : 9780415541183 |
This book delves into regulatory and technological change affecting the electricity industry and provides a previously unexplored synthesis of new institutional economics, experimental economics, evolutionary economics, and network theory.
Author | : Fereidoon Sioshansi |
Publisher | : Elsevier |
Total Pages | : 625 |
Release | : 2011-10-10 |
Genre | : Technology & Engineering |
ISBN | : 0080557716 |
After 2 decades, policymakers and regulators agree that electricity market reform, liberalization and privatization remains partly art. Moreover, the international experience suggests that in nearly all cases, initial market reform leads to unintended consequences or introduces new risks, which must be addressed in subsequent “reform of the reforms. Competitive Electricity Markets describes the evolution of the market reform process including a number of challenging issues such as infrastructure investment, resource adequacy, capacity and demand participation, market power, distributed generation, renewable energy and global climate change. Sequel to Electricity Market Reform: An International Perspective in the same series published in 2006 Contributions from renowned scholars and practitioners on significant electricity market design and implementation issues Covers timely topics on the evolution of electricity market liberalization worldwide
Author | : Leonardo Meeus |
Publisher | : Edward Elgar Publishing |
Total Pages | : 192 |
Release | : 2020-11-27 |
Genre | : Business & Economics |
ISBN | : 1789905478 |
Bridging theory and practice, this book offers insights into how Europe has experienced the evolution of modern electricity markets from the end of the 1990s to the present day. It explores defining moments in the process, including the four waves of European legislative packages, landmark court cases, and the impact of climate strikes and marches.
Author | : Finn Roar Aune |
Publisher | : Edward Elgar Publishing |
Total Pages | : 328 |
Release | : 2008-05-30 |
Genre | : Business & Economics |
ISBN | : 1781007640 |
Based on a state-of-the-art detailed numerical simulation model, this volume presents an economic analysis of the main effects of liberalizing the electricity and natural gas markets across Western Europe.
Author | : |
Publisher | : |
Total Pages | : 0 |
Release | : 2005 |
Genre | : Electric utilities |
ISBN | : |
This book assesses experience in reforming electricity markets in OECD countries over the past decade, focusing on the issues that are critical for successful liberalisation. Experiences and examples in the study are drawn mainly from the UK, Australian, Nordic and North Eastern United States (the PJM interconnection) markets, which have all operated with considerable success for a number of years. The issues covered in the study are: the rationale and benefits of liberalisation; the governance required to create effective competition; the role of prices and transparent wholesale markets; consumer protection; incentives for investment, and impact of addressing security of supply and environmental policy.
Author | : Christian Schülke |
Publisher | : Gouvernance Europeenne Et Geop |
Total Pages | : 0 |
Release | : 2010 |
Genre | : Business & Economics |
ISBN | : 9782865926961 |
A major change has taken place in the company structure of the European electricity and gas markets. Since the liberalization of EU energy markets began in the 1990s, companies like E.ON, GDF Suez, EDF, Enel, and RWE have become European giants with activities in a large number of member states. The advocates of market liberalization did not expect, or intend, the emergence of a small number of large utilities that control an increasing part of the EU market. Some observers claim that liberalization has led to an oligopoly with detrimental consequences for competition. Based on extensive background research, this book presents a fact-based analysis of the changes in the European utility sector since the 1990s. Case studies of the seven largest utilities illustrate how companies adapted their strategies to the changing market environment. The author underlines diverging choices and common trends with the aim of using synergies between electricity and gas.