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European Energy Market Integration: Efficiency Improvements in Electricity Producing Firms

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  • Ferran Armada Ramírez

    (Universitat de Barcelona)

Abstract

In this paper, we review and use different methods to measure and compare efficiency scores in energy producing plants. In particular, we use non-parametric and parametric techniques. We focus our attention in electricity producing power plants on eighteen European countries, as well as in thirty energy systems as a whole. This paper also state some results such as that efficiency has widely improved in the period studied, but these positive results are not homogeneous among energy systems or firms. We present some evidence that the greatest part of energy improvement is the consequence of the technological shift and is not necessarily due to alternative factors, such as market integration, increasing competition, or other firm-level decisions.

Suggested Citation

  • Ferran Armada Ramírez, 2015. "European Energy Market Integration: Efficiency Improvements in Electricity Producing Firms," UB School of Economics Working Papers 2015/331, University of Barcelona School of Economics.
    • Handle: RePEc:ewp:wpaper:331web
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    References listed on IDEAS

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    7. Timothy J. Coelli & D.S. Prasada Rao & Christopher J. O’Donnell & George E. Battese, 2005. "An Introduction to Efficiency and Productivity Analysis," Springer Books, Springer, edition 0, number 978-0-387-25895-9, April.
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    More about this item

    Keywords

    Market integration; Efficiency; Data Envelopment Analysis; Energy Market; Europe; Industrial Organization.;
    All these keywords.

    JEL classification:

    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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