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Economic Reform of the Electricity Industries of Central and Eastern Europe

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  • Jon Stern
  • Junior R. Davis

Abstract

The purpose of this paper is the following: firstly, to chart how much economic reform of CEE electricity industries has taken place to date; secondly, to discuss why progress has been so limited; and, thirdly, to consider the prospects over the next few years. In charting the economic progress to date, we will consider and discuss progress in electricity price unbundling and rebalancing; in utility commercialisation; in industry and market restructuring and liberalisation; and in privatisation, as well as the development of economic regulation. For the reasons outlined above, we will explore the pricing issues in some detail as they are essential for understanding the difficulties in making progress in the other aspects of economic reform. The analysis concentrates on the 10 countries with which the EU has an Association Agreement and who are stated candidates for EU membership (the EU 10).

Suggested Citation

  • Jon Stern & Junior R. Davis, 1997. "Economic Reform of the Electricity Industries of Central and Eastern Europe," CERT Discussion Papers 9725, Centre for Economic Reform and Transformation, Heriot Watt University.
    • Handle: RePEc:hwe:certdp:9725
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    References listed on IDEAS

    as
    1. Gray, D., 1995. "Reforming the Energy Sector in Transition Economies. Selected Experience and Lessons," World Bank - Discussion Papers 296, World Bank.
    2. Jon Stern, 1994. "Economic regulation in Central and Eastern Europe1," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 2(3), pages 391-398, September.
    3. I. Shteinbuka & M. Kazaks, 1996. "Fiscal Adjustment in Latvia under Transition," CERT Discussion Papers 9601, Centre for Economic Reform and Transformation, Heriot Watt University.
    4. J. M. C. Rollo & J. Stern, 1992. "Growth and Trade Prospects for Central and Eastern Europe," The World Economy, Wiley Blackwell, vol. 15(5), pages 645-668, September.
    5. Schaffer, Mark E., 1998. "Do Firms in Transition Economies Have Soft Budget Constraints? A Reconsideration of Concepts and Evidence," Journal of Comparative Economics, Elsevier, vol. 26(1), pages 80-103, March.
    6. Jon Stern & Junior R. Davis, 1998. "Economic reform of the electricity industries of Central and Eastern Europe," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 6(2), pages 427-460, November.
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    Citations

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    Cited by:

    1. Matteo Fiorini & Bernard Hoekman & Clément Malgouyres, 2018. "Services policy reform and manufacturing employment: Evidence from transition economies," The World Economy, Wiley Blackwell, vol. 41(9), pages 2320-2348, September.
    2. Astrid Cullmann & Christian von Hirschhausen, 2007. "From Transition to Competition: Dynamic Efficiency Analysis of Polish Electricity Distribution Companies," Discussion Papers of DIW Berlin 716, DIW Berlin, German Institute for Economic Research.
    3. Anderson John E. & Toshmatova Muazzam, 2024. "Infrastructure System Obstacles and Technology Adoption by Firms in Transition Countries," Comparative Southeast European Studies, De Gruyter, vol. 72(1), pages 104-134, March.
    4. Astrid Cullmann & Christian Hirschhausen, 2008. "Efficiency analysis of East European electricity distribution in transition: legacy of the past?," Journal of Productivity Analysis, Springer, vol. 29(2), pages 155-167, April.
    5. Dodonov, Boris & Opitz, Petra & Pfaffenberger, Wolfgang, 2004. "How much do electricity tariff increases in Ukraine hurt the poor?," Energy Policy, Elsevier, vol. 32(7), pages 855-863, May.
    6. Jon Stern & Junior R. Davis, 1998. "Economic reform of the electricity industries of Central and Eastern Europe," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 6(2), pages 427-460, November.
    7. Radmilo Pesic & Diana Urge-Vorsatz, 2001. "Restructuring of the Hungarian Electricity Industry," Post-Communist Economies, Taylor & Francis Journals, vol. 13(1), pages 85-99.
    8. Opitz, Petra, 2000. "The (pseudo-) liberalisation of Russia's power sector: the hidden rationality of transformation," Energy Policy, Elsevier, vol. 28(3), pages 147-155, March.
    9. Anex, Robert P., 2002. "Restructuring and privatizing electricity industries in the commonwealth of independent states," Energy Policy, Elsevier, vol. 30(5), pages 397-408, April.
    10. Saska Petrova & Michael Gentile & Ilkka Henrik Mäkinen & Stefan Bouzarovski, 2013. "Perceptions of Thermal Comfort and Housing Quality: Exploring the Microgeographies of Energy Poverty in Stakhanov, Ukraine," Environment and Planning A, , vol. 45(5), pages 1240-1257, May.
    11. Tonci Bakovic & Bernard Tenenbaum & Fiona Woolf, 2003. "Regulation by Contract : A New Way to Privatize Electricity Distribution?," World Bank Publications - Books, The World Bank Group, number 15078.
    12. Lars Kumkar, 2003. "Regulatory Choices and Commitment: Challenges for Electricity Market Regulation in Kosovo," Post-Communist Economies, Taylor & Francis Journals, vol. 15(1), pages 91-115.
    13. Kennedy, David, 2003. "Liberalisation of the Russian power sector," Energy Policy, Elsevier, vol. 31(8), pages 745-758, June.
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    15. Stern, J., 2000. "Electricity and telecommunications regulatory institutions in small and developing countries," Utilities Policy, Elsevier, vol. 9(3), pages 131-157, September.

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    More about this item

    Keywords

    inter-enterprise arrears; regulation; competition.;
    All these keywords.

    JEL classification:

    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • K20 - Law and Economics - - Regulation and Business Law - - - General
    • L40 - Industrial Organization - - Antitrust Issues and Policies - - - General
    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out

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