| ID | 132603 |
| Title Proper | Effects of regulation and economic environment on the electricity industry's competitiveness |
| Other Title Information | a study based on OECD countries |
| Language | ENG |
| Author | Baek, Chulwoo ; Jung, Euy-Young ; Lee, Jeong-Dong |
| Publication | 2014. |
| Summary / Abstract (Note) | We propose a competitiveness index for the electricity industry based on efficiency, stability, and growth factors identified from previous studies subject to data accessibility. These are then weighted appropriately through the application of the analytical hierarchy process. This index is an alternative tool to capture the diverse characteristics of the electricity industry in order to analyze performance after deregulation. Using the competitiveness index, we analyze the effect of regulation change in specific economic environments represented by the level of economic development, energy intensity, and manufacturing share, for example. According to the results, deregulation generally increases competitiveness, but the effect depends on the economic environment and the type of regulation. Deregulating entry and vertical integration to increase competitiveness is more effective in countries where the level of economic development, energy intensity, and manufacturing share are low. The manner in which the privatization effect is related to the economic environment is, however, unclear. |
| `In' analytical Note | Energy Policy Vol.72, No. ; Sep.2014: p.120-128 |
| Journal Source | Energy Policy Vol.72, No. ; Sep.2014: p.120-128 |
| Key Words | Electricity Industry Competitiveness Index - EICI ; Regulation Index ; Economic Environment ; Economic Regulation ; Economic Development ; Energy Intensity ; Analytical Hierarchy ; Electricity Industry's ; OECD ; Vertical Integration ; Deregulating Entry |