This paper studies the impact of corporate ownership on residential net-of-tax electricity prices, when the ownership effect is separated from the liberalisation effect and from other drivers of change. After a discussion of a simple conceptual model, and of earlier literature, we use IEA and OECD data for the EU15 over nearly three decades. Panel econometrics suggests that, after controlling for other factors, public ownership is associated with lower residential net-of-tax electricity prices in Western Europe. The impact of liberalisation on prices is smaller and more uncertain.
Electricity prices and public ownership : evidence from the EU15 over thirty years / C. Fiorio, M. Florio. - In: ENERGY ECONOMICS. - ISSN 0140-9883. - 39:9(2013 Sep), pp. 222-232.
|Titolo:||Electricity prices and public ownership : evidence from the EU15 over thirty years|
FIORIO, CARLO (Primo)
FLORIO, MASSIMO (Ultimo)
|Parole Chiave:||electricity; privatisation; reforms|
|Settore Scientifico Disciplinare:||Settore SECS-P/03 - Scienza delle Finanze|
|Data di pubblicazione:||set-2013|
|Digital Object Identifier (DOI):||http://dx.doi.org/10.1016/j.eneco.2013.05.005|
|Appare nelle tipologie:||01 - Articolo su periodico|