Abstract
Introduction
Deregulation and privatisation are now reaching a stage at which it is
possible to discern some patterns and factors emerging. This can now be based
on experience rather than hypothesis and predictions can be made for the
future. Some of the outcomes of liberalisation are good and some are not,
liberalisation has advocates and critics.
Liberalisation has proceeded at varying paces in different regions and
countries, the most systematic regional development being in the EU. The EU
Commission has monitored the situation closely and detected infringements and
failings which have been reported in detail. Some of these have been serious
and some of the big players will be the subject of legal actions. These
experiences provide a useful guideline to all countries planning their own
systems of liberalisation Market opening is leading to a greater convergence
between gas and electricity and in some countries electricity utilities are
increasingly active in gas markets and vice versa. Many lessons are being
learned. Early forays into new business are being reversed and companies are
now withdrawing from non-core business, both in terms of market segment and
geographical region.
Outline of the report
- This is the 6th edition of the ABS Electricity Deregulation Report
- The report outlines the status of market liberalisation and privatisation
in all countries and summarises this in a table compiled from a global survey
- The report discusses a number of important issues such as;
- The size of the national market
- Market concentration
- The effect of inadequate unbundling
- The extent of reintegration into vertically integrated organisations to
compensate for a lack of market liquidity
- The need for effective TPA
- The reality of active choice as against its theoretical extent
- The need for spot market liquidity
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