engleski

Electricity Sector Reform in South East European Countries in Transition

This work is concentrated on interactions between various factors and agents like the state and its sector policies and strategies, supra-national legislation, EU accession, institutional environment, and companies pursuing electricity market reform of the South East Europe (SEE) region. It is rather obvious that the SEE countries have not succeeded to reform their electricity sectors in a way that would enable development of a stable and self-sustainable free markets for electricity, either within the national borders, or on the regional level. The most important research question of this article is: why did this happen? After an examination of the barriers to trade electricity that are still present throughout of the SEE one can conclude that all of them can be directly traced to a single cause – rigid pricing policies that have been in place since decades ago, and that have not been removed. However, it would be too simple to say that this problem would be easily solvable, if only the governments had a political will to do it. Since all of them carry a burden of numerous heavy socio-economic problems raised during the last two decades of post-communist transition, they would need to create a clear political strategy to become able to gradually release the grip they hold on the electricity prices. The main conclusion is that the only possible way to finish the reform of the electricity sector in these countries successfully is to allow all market participants to do business under normal economic conditions, which seems to be still rather difficult for the governments of SEE countries.

electricity; restructuring; South East Europe

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