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Electricity market liberalization in the EU-15 member states, new entrants and candidate countries : measuring the progress between 1999 and 2001

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2004
Erişken, Cevat
Measuring the progress of the Member States of the European Union in liberalising their electricity markets has received considerable importance since the Electricity Directive 96/92/EC is introduced. In this thesis, first, a model based on the indicators-approach proposed by OXERA is developed to measure the degree of liberalisation in electricity markets. Then, the degree of electricity market liberalisation in the European Union-15, the New Entrants and Candidate Countries is measured in the years 1999, 2000 and 2001. Measurement of electricity market liberalisation in the European Union-15 and the New Entrants and Candidate Countries brings about several important findings. It is seen that there is a progress in the degree of electricity market liberalisation in the European Union-15 between 1999 and 2001. Similarly, the New Entrants and Candidate Countries are, also, found to increase the degree of liberalisation in their national electricity markets between 1999 and 2001 and to converge to the European Union's level of electricity market liberalisation. Furthermore, comparison of the state of liberalisation in electricity generation and supply markets in the European Union -15 Member States and the New Entrants and Candidate Countries suggests that their electricity generation market is not as liberalised as their supply market.