Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/103347
Authors: 
Brunekreeft, Gert
Goto, Mika
Meyer, Roland
Maruyama, Masahiro
Hattori, Toru
Year of Publication: 
2014
Series/Report no.: 
Bremen Energy Working Papers 16
Abstract: 
The purpose of this research is to evaluate the impact of vertical unbundling on German electric utilities. Our research mainly relies on in-depth interviews with sector-experts from the German utilities. We will discuss both short-term changes and the long-term impact on competition in the electricity market as well as the impact on costs and security of supply. Overall, we have two main conclusions. First, the major step in the unbundling process is from "lean legal unbundling" to "fat legal unbundling"; additional steps beyond that are small, both in benefits and in costs. Second, the benefits of unbundling in terms of increased competition do not come for free: unbundling is costly and it is important to balance cost and benefits in the reform process.
Subjects: 
electricity
unbundling
regulation
competition policy
JEL: 
L43
L51
L94
Document Type: 
Working Paper

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