Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2018.09.008 |
The impact of regulatory quality and corruption on residential electricity prices in the context of electricity market reforms | |
Kaller, Alexander; Bielen, Samantha; Marneffe, Wim | |
2018-12-01 | |
发表期刊 | ENERGY POLICY |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2018 |
卷号 | 123页码:514-524 |
文章类型 | Article |
语种 | 英语 |
国家 | Belgium |
英文摘要 | The European electricity markets have been undergoing significant regulatory reforms since the introduction of the first liberalisation directive in 1996. Theory predicts that liberalisation promotes cost-efficient production and competition and hence leads to lower prices. The goal of this paper is to assess the impact of regulatory quality and non-compliance with the law on electricity prices in the context of electricity market reforms. We address problems of endogeneity by using the Blundell-Blond System GMM estimator and find that vertical integration and market concentration lower end-user prices, all else equal. Moreover, improving regulatory quality and reducing corruption, both have a negative impact on prices when holding other factors constant. The intensity of the reforms has limited impact on electricity prices when these reforms are introduced in an institutional environment characterised by high levels of corruption and low quality regulation. |
英文关键词 | Liberalisation Electricity prices Regulatory quality Market reforms Corruption |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000453499700051 |
WOS关键词 | RENEWABLE ENERGIES ; SUPPLY INDUSTRY ; POWER PRICES ; LIBERALIZATION ; EFFICIENCY ; TAXATION ; POLICY |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/18950 |
专题 | 气候变化 |
作者单位 | Hasselt Univ, Fac Business Econ, Hasselt, Belgium |
推荐引用方式 GB/T 7714 | Kaller, Alexander,Bielen, Samantha,Marneffe, Wim. The impact of regulatory quality and corruption on residential electricity prices in the context of electricity market reforms[J]. ENERGY POLICY,2018,123:514-524. |
APA | Kaller, Alexander,Bielen, Samantha,&Marneffe, Wim.(2018).The impact of regulatory quality and corruption on residential electricity prices in the context of electricity market reforms.ENERGY POLICY,123,514-524. |
MLA | Kaller, Alexander,et al."The impact of regulatory quality and corruption on residential electricity prices in the context of electricity market reforms".ENERGY POLICY 123(2018):514-524. |
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