IDEAS home Printed from https://ideas.repec.org/a/ris/eaerev/0157.html
   My bibliography  Save this article

Energy Market Liberalization Scenarios and Electricity Industry Policy Implications

Author

Listed:
  • Park, Chan¡ Kook

    (IT Strategy Institute)

  • Lee, Gweon-Cheol

    (Korea Electric Power Corporation)

Abstract

The global energy market can be currently characterized by unstable oil and gas prices, a perceived global warming crisis, liberalization of the energy market, and so on. These changes require modifications in the industry policy framework and flexible adjustments. This study creates scenarios to predict the future energy market and identifies various influences on the electricity industry based on these scenarios. "Energy Service Classifications,""Regulatory Body Types," "Securing the Policy Compliance of Target groups" were selected as the major variables that decisively influence the future of energy market liberalization. Four significant scenarios were subsequently created by combining each variant. The implications derived through the scenarios should help policy­makers minimize risks related to implementation of restructuring plans in the electricity industry.

Suggested Citation

  • Park, Chan¡ Kook & Lee, Gweon-Cheol, 2007. "Energy Market Liberalization Scenarios and Electricity Industry Policy Implications," East Asian Economic Review, Korea Institute for International Economic Policy, vol. 11(1), pages 157-186, June.
    • Handle: RePEc:ris:eaerev:0157
    DOI: 10.11644/KIEP.JEAI.2007.11.1.167
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.11644/KIEP.JEAI.2007.11.1.167
    File Function: Full text
    Download Restriction: no
    File URL: https://libkey.io/10.11644/KIEP.JEAI.2007.11.1.167?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Energy Market Liberalization Scenarios; Electricity Industry Restructuring; Energy Policies;
    All these keywords.

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:eaerev:0157. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: JE Lee (email available below). General contact details of provider: https://edirc.repec.org/data/kieppkr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.