Publication: The Development of Electricity Markets in the Euro-Mediterranean Area : Trends and Prospects for Liberalization and Regional Integration
Date
2001-03
ISSN
Published
2001-03
Author(s)
Muller-Jentsch, Daniel
Abstract
The main objective of this document is
to map key policy issues that need to be addressed to
successfully implement energy sector reform at the national,
and regional levels, and, provides an overview of global,
European, and Mediterranean trends, aiming at facilitating
the dissemination of best practices. Chapter I describes
international best practices in the design of legal,
regulatory, and institutional sector framework, which
include corporatization, and restructuring of state-owned
energy utilities; separation of regulatory and operational
functions, by creating coherent regulatory frameworks,
establishing independent regulators, and promoting
competition; engaging the electricity industry into
generation, transmission, distribution, and trade;
introduction of competition in generation, and trade, and,
in the regulation of monopolistic activities; promotion of
private participation; and, reduction of subsidies, and
balance of tariffs. Chapters II and III examine power sector
reform in the European Union (EU), and power sector policies
of the Mediterranean partners, reviewing liberalization,
regulatory institutions, and the development of electricity
markets, and power trading in the EU. It specifies that
despite recent progress, the main structural flaw of energy
reform in the Mediterranean region, has been the lack of
liberalization, and effective regulation, contrasting
sharply with EU reforms, where the focus for electricity,
and gas has been the introduction of competition. Chapter IV
proposes an agenda for regional change, through sector
reforms, promotion of energy policy, economic analysis, and
interconnection, through technical assistance, and financial
support, to create integrated, competitive cross-borders for
power markets.
Citation
“Muller-Jentsch, Daniel. 2001. The Development of Electricity Markets in the Euro-Mediterranean Area : Trends and Prospects for Liberalization and Regional Integration. World Bank Technical Paper;No. 491. © Washington, DC: World Bank. http://openknowledge.worldbank.org/entities/publication/0720ba62-184c-5229-b04a-a4304b85c136 License: CC BY 3.0 IGO.”