Vertical integration and capacity investment in the electricity sector

Author(s):  
David P. Brown ◽  
David E. M. Sappington

2010 ◽  
Vol 32 (6) ◽  
pp. 1325-1330 ◽  
Author(s):  
Aurelio Fetz ◽  
Massimo Filippini


Author(s):  
Changmin Jiang ◽  
Xiaowen Fu ◽  
Ying-En Ge ◽  
Shengda Zhu ◽  
Shiyuan Zheng ◽  
...  


Energies ◽  
2021 ◽  
Vol 14 (21) ◽  
pp. 7160
Author(s):  
Wenche Tobiasson ◽  
Manuel Llorca ◽  
Tooraj Jamasb

Transmission and distribution networks are capital intensive segments of the electricity sector and are generally considered natural monopolies. Due to their non-competitive nature, these are subject to independent regulation to prevent the abuse of monopolistic power and to induce competitive behaviour. Effective economic regulation of the electricity networks has become a key target in most developed economies after the 1980s. In Norway, incentive regulation and efficiency benchmarking were introduced in 1997. In Norway, the electricity grid is divided into three levels, namely, central, regional and distribution networks. In this paper, we study two overlooked aspects when analysing the performance of electricity networks: vertical integration and ownership structure. We use a stochastic frontier analysis approach to analyse the performance of Norwegian electricity distribution utilities for the period 2007–2014. We observe that vertical integration between distribution and regional transmission implies higher cost inefficiencies. This indicates that the efficiency gains due to separate management of the networks exceed the economies of coordination from vertical economies of scope. In addition, we find that council ownership entails higher efficiencies. This could be explained by the state having an interest in high-voltage electricity networks, rather than low-voltage ones, and the decentralised model from which the now centralised system was once developed.



2020 ◽  
pp. 105-116
Author(s):  
N. I. Shagaida

The article clarifies the concept of “agricultural holding”, using an approach to assessing the size on the basis of the total revenue of all agricultural organizations within the agricultural holding. It has been revealed that only 100 of the total number of agricultural holdings that were identified can be attributed to large business entities. They comprise about 3% of agricultural organizations in the country, while their share in the proceeds is about 37%. A large share of agricultural holdings — large business subjects under the control of Russian entities operate in one, and under the control of foreign legal entities — in three or more regions of the Russian Federation. Vertical integration within the framework of large agricultural holdings with different schemes for including the stages of processing and sale of products produced in their agricultural organizations allows them to receive advantages. Strengthening the role of large business entities in agriculture puts on the agenda the issue of differentiating approaches to taxation and state support in agriculture, depending on the size of the companies’ agricultural businesses.





2016 ◽  
Vol 22 (98) ◽  
pp. 189-194
Author(s):  
Svetlana P. Savich ◽  
◽  
Aleksandr N. Tkachuk ◽  
Keyword(s):  


Author(s):  
Charalampos Tziogas ◽  
Patroklos Georgiadis ◽  
Naoum Tsolakis ◽  
Charalampos Yakinthos
Keyword(s):  


2010 ◽  
Vol E93-C (8) ◽  
pp. 1309-1314
Author(s):  
Werner PROST ◽  
Dudu ZHANG ◽  
Benjamin MÜNSTERMANN ◽  
Tobias FELDENGUT ◽  
Ralf GEITMANN ◽  
...  


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