Regulation, liberalisation and measuring innovation

"[...] Over the last 30 years, the electric industry has changed drastically. Most Western countries have started a reform process meant to break apart and privatise monopoly utilities (that were typically owned by the state, especially in Europe) and allow retail companies to sell electricity to consumers. Even if a full deregulation of the market has neither been feasible nor desirable, a “restructuring” process has opened the way for competition in certain segments, such as generation and retailing, which aren’t natural monopolies.[...]"

Cited As:

Giacomo Valetta

Associate Professor of Economics

"[...] Over the last 30 years, the electric industry has changed drastically. Most Western countries have started a reform process meant to break apart and privatise monopoly utilities (that were typically owned by the state, especially in Europe) and allow retail companies to sell electricity to consumers. Even if a full deregulation of the market has neither been feasible nor desirable, a “restructuring” process has opened the way for competition in certain segments, such as generation and retailing, which aren’t natural monopolies.[...]"

Type: Press article
Date: le 02/04/2018
Research Cluster : LegalEdhec
Source : Modern Power Systems

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