IDEAS home Printed from https://ideas.repec.org/p/hal/spmain/hal-02562707.html
   My bibliography  Save this paper

Energy market liberalization and renewable energy policies in OECD countries

Author

Listed:
  • Francesco Nicolli
  • Francesco Vona

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

Abstract

This paper investigates the effect of energy liberalization, compared to other drivers, on policies that support renewable energy in a long panel of OECD countries. We estimate this effect by accounting for the endogeneity of liberalization related to joint decisions within a country's energy strategy. Using regulation in other industries as instruments, we find that energy liberalization increases public support for renewable energy. The effect of liberalization is the second largest after the effect of per-capita income and is mostly driven by reductions in entry barriers, while the effect of privatization is unclear. This finding suggests that a reduction in the monopolistic power of state-owned utilities has a positive effect on renewable energy policies when various types of actors are ensured access to the grid instead of it being provided to only a few large private firms.

Suggested Citation

  • Francesco Nicolli & Francesco Vona, 2019. "Energy market liberalization and renewable energy policies in OECD countries," SciencePo Working papers Main hal-02562707, HAL.
    • Handle: RePEc:hal:spmain:hal-02562707
    DOI: 10.1016/j.enpol.2019.01.018
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Vona, Francesco, 2023. "Managing the distributional effects of climate policies: A narrow path to a just transition," Ecological Economics, Elsevier, vol. 205(C).
    2. Martínez-Jaramillo, Juan Esteban & van Ackere, Ann & Larsen, Erik, 2023. "Long term impacts of climate change on the transition towards renewables in Switzerland," Energy, Elsevier, vol. 263(PE).
    3. Naimeh Mohammadi & Hamid Mostofi & Hans-Liudger Dienel, 2023. "Policy Chain of Energy Transition from Economic and Innovative Perspectives: Conceptual Framework and Consistency Analysis," Sustainability, MDPI, vol. 15(17), pages 1-27, August.
    4. Jianjun Kang & Delin Huang, 2023. "Examining the Effect of Privatization on Renewable Energy Consumption in the Digital Economy under Economic Patriotism: A Nonlinear Perspective," Sustainability, MDPI, vol. 15(7), pages 1-13, March.
    5. Komorowska, Aleksandra & Olczak, Piotr, 2024. "Economic viability of Li-ion batteries based on the price arbitrage in the European day-ahead markets," Energy, Elsevier, vol. 290(C).
    6. Bonnet, Paolo & Olper, Alessandro, 2024. "Party affiliation, economic interests and U.S. governors’ renewable energy policies," Energy Economics, Elsevier, vol. 130(C).
    7. Bjørndal, Endre & Bjørndal, Mette Helene & Coniglio, Stefano & Körner, Marc-Fabian & Leinauer, Christina & Weibelzahl, Martin, 2023. "Energy storage operation and electricity market design: On the market power of monopolistic storage operators," European Journal of Operational Research, Elsevier, vol. 307(2), pages 887-909.
    8. Eitan, Avri, 2023. "How are public utilities responding to electricity market restructuring and the energy transition? Lessons from Israel," Utilities Policy, Elsevier, vol. 82(C).
    9. Lee, Sang Ho & Choi, Daewoung Joey & Han, Seung Hun, 2023. "Corporate cash holdings in response to climate risk and policies," Finance Research Letters, Elsevier, vol. 55(PA).
    10. Jemma J. Makrygiorgou & Christos-Spyridon Karavas & Christos Dikaiakos & Ioannis P. Moraitis, 2023. "The Electricity Market in Greece: Current Status, Identified Challenges, and Arranged Reforms," Sustainability, MDPI, vol. 15(4), pages 1-40, February.
    11. V.V. Krivorotov & A.V. Kalina & S.E. Erypalov & P.A. Koryakina, 2021. "Energy Efficiency of Russian Copper Companies as a Basis for Ensuring Their Global Competitiveness," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 20(3), pages 428-460.
    12. Przemysław Kaszyński & Aleksandra Komorowska & Jacek Kamiński, 2023. "Revisiting Market Power in the Polish Power System," Energies, MDPI, vol. 16(13), pages 1-23, June.
    13. George E. Halkos & Apostolos S. Tsirivis, 2023. "Sustainable Development of the European Electricity Sector: Investigating the Impact of Electricity Price, Market Liberalization and Energy Taxation on RES Deployment," Energies, MDPI, vol. 16(14), pages 1-21, July.

    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:hal:spmain:hal-02562707. 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: Contact - Sciences Po Departement of Economics (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    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.