Scholarly record
THE LIBERALIZATION PROCESS OF THE ENERGY SECTOR OF ROMANIA
Abstract
The energy sector is particularly important in the Romanian economy, both in terms of its size and in terms of the impact of developments in this sector on other branches of the economy. Developments in the energy sector, particularly in the electricity sector, also have social implications. As a result, the energy regulation institutions have been heavily involved in this area, using all the instruments at its disposal, both from a competition and a state aid perspective: investigation of possible infringements of competition law, sector inquiries, regulatory clearance, merger analysis, recurrent monitoring of the sector etc. This chapter focuses on the stages of the liberalisation process, which started in 2007 for the electricity sector. The effects associated with the liberalisation process are also presented, in particular in terms of the structural changes that have occurred. As regards the price developments observed in the energy sector, they should be seen in the context of regional developments, the recent increase in electricity prices being a European phenomenon, partly justified by the recovery of the economy after the pandemic, the level of stocks, but also by the European policy of increasing the pollution penalty.
Publication Impact Profile
- Captures
- Mendeley - Readers: 2
Publication details
References7
Bianco, V., Manca, O., Nardini, S., & Minea, A. A. An analysis of the electricity sector in Romania. Energy Sources, Part B: Economics, Planning, and Policy, 9(2), 149- 155, 2014. DOI: 10.1080/15567241003792366
Busu, M. Measuring the renewable energy efficiency at the European Union level and its impact on CO2 emissions. Processes, 7(12), 923, 2019. DOI: 10.3390/pr7120923
Maxim, A. The impact of the changes in the Romanian electricity markets on the household consumers. Review of Economic and Business Studies, 6(1), 92-109, 2013.
Baldan, C., & Ungureanu, E. Essentialities of Energy Policy in Romania. Annals of the University of Petros?ani. Economics, 16, 31-40, 2016.
Andrei, A. C. The Liberalization of the Electricity and Gas Markets-Top Priority for the Romania's Energy Security. International Journal of Economic Practices and Theories, 5(5), 406-412, 2015.
Bojnec, S., & Krizaj, A. Electricity markets during the liberalization: The case of a European Union country. Energies, 14(14), 4317, 2021. DOI: 10.3390/en14144317
Busu, M. An economic analysis on the degree of market concentration: Competition Indicators. In Proceedings of the 6th International Management Conference �Approaches in organizational Management�, Bucharest (pp. 529-537), 2012.
View or Download full articleAccess options
SWS access login
Login as SWS Scientific CommitteeLogin as SWS Scientific PartnerLogin as SWS AuthorAuthors and approved SWS contributors will read and export their own linked papers after identity matching by SWS profile, email and SGEM GlobalID.
For librarian assistance: [email protected]
Purchase Instant Access
- Article can be downloaded after successful payment.
- Article may be used according to SWS library access terms.
- Article cannot be redistributed.