engleski

Liberalization of Croatian Electricity Market and Restructuring of Croatian Power Utility

Depending on the obligation to open its electricity and gas markets to competition, in line with EU-wide minimum levels, most of the transitional countries of central and eastern Europe including Croatia are in the throes of electricity privatization and deregulation. Economic stability, EU-compatible legislation and competition laws are prerequisite conditions in establishing deregulated electricity market. The deregulation process requests prior restructuring of the state-owned electric utility with a view to carry out successful privatization process and utility make competent for he competition on the liberalized market. High diversity of restructuring process of the state-owned electric utilities, both at the regulatory regime and firm level, causes a multiplicity of strategic configurations and strategic developments. This paper presents the basic concept of the evolution of the Croatian State Power Utility (HEP) from a classic monopolistic state-owned electric utility to a modern corporation.

Power Utility Company; Restructuring of Power Utility Company; Liberalization of electricity market; Trade and System Adminstrator; business centers

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