Kiel Working Papers, Kiel Institute for World Economics
No 1114:
Regulatory Choices and Commitment ; Challenges for Electricity Market Regulation in Kosovo
Lars Kumkar
Abstract: This paper aims at describing the choices to be made in
selecting and implementing a reform model for the electricity industry and
to derive some implications for the situation in Kosovo. The paper argues
that the appropriate reform model depends on the circumstances in the
considered jurisdiction. Especially in small and less developed electricity
systems a dilemma may emerge: the technical circumstances suggest the
implementation of a model with few competitive elements, whereas political
circumstances urge for a competition-oriented model. Hence, especially in
small systems, a delicate trade-off emerges that significantly complicates
the decisions to be made. This is obviously relevant for Kosovo. An
international opening of Kosovos electricity market may provide a
solution to the dilemma. This international opening encompasses a reduction
of state sovereignty for electricity regulation and a wide-reaching market
opening for private investors and electricity traders.
Keywords: Power sector, new institutional economics, liberalization, pool, privatization, regulation, restructuring, regulatory reform, single buyer, transition.; (follow links to similar papers)
JEL-Codes: H4; K2; L5; l9; P3; Q4; (follow links to similar papers)
26 pages, June 2002
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