Energy policy and European utilities’ strategy: Lessons from the liberalisation and privatisation of the energy sector in Romania

Haar, Laura; Marinescu, Nicolae

doi:10.1016/j.enpol.2010.11.029

Cited by 19 publications

(12 citation statements)

References 13 publications

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“…10 Subsidies were important but the bulk of FDI-friendly interventions took place elsewhere. Rather than be carried out in the spirit of EU-advised competition, the privatization of utilities with West European capital offered instead opportunities for horizontal and vertical concentration (Haar and Marinescu 2011). Privatizations at discount prices were common.…”

Section: Foreign Direct Investment and Complex Exportsmentioning

confidence: 99%

From Cocktail to Dependence: Revisiting the Foundations of Dependent Market Economies

Ban

2013

SSRN Journal

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Recent contributions to the comparative political economy of East European capitalisms have found that a distinctive variety of capitalism emerged in some new EU member states. The new variety has been dubbed "dependent market economy" (DME). This paper makes several contributions to this literature. First, it marshals evidence to show that this institutional variety now includes the political economy of Romania, a case previously excluded from it. More importantly, this analysis also finds that earlier scholarship on dependent capitalism has failed to capture crucial mechanisms of dependence created by transnationalized finance. Third, the paper suggests that some of the arguments made in the existing scholarship on the interests of foreign capital with regard to domestic innovation and labor training need to be qualified. Finally, by showing reflexivity towards select critiques of the dependent market economy framework, the analysis proposes by this paper is a self-limited attempt to bridge the differences between the varieties of capitalism and Polanyian analyses of capitalist diversity in semi-peripheral middle-income states.

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Section: Foreign Direct Investment and Complex Exportsmentioning

confidence: 99%

From Cocktail to Dependence: Revisiting the Foundations of Dependent Market Economies

Ban

2013

SSRN Journal

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“…The studies on electricity in Romania have focused on the liberalization of the electricity market and the privatization of some state energy companies [31,32], on the analysis of the causal relationship between electricity consumption and economic growth [33,34], on models of residential electricity consumption [35], on methods for estimating and forecasting electricity consumption of non-residential consumers in Romania [36] or on explaining the behavior of the household electricity consumer in Romania when choosing another electricity supplier in a liberalized market [37].…”

Section: Electricity Consumption In Householdsmentioning

confidence: 99%

Sustainable Behavior among Romanian Students: A Perspective on Electricity Consumption in Households

Gherheș

Fărcașiu

2021

Sustainability

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The Organization for Economic Co-operation and Development (OECD) estimates that the environmental pressure from households will increase significantly by 2030. Sustainable consumption means making consumers aware of the social and environmental impacts of the goods and services they use. In this respect, special attention must be paid to electricity consumption since its generation affects the environment. The present research aims at capturing electricity consumption behaviors among students, after having applied an online questionnaire between March and April 2021, recording 816 responses. The results of this research highlighted the fact that for seven out of fourteen statements, percentages of over 50% for the “always” and “often” answer variants were recorded, but cases when the highest percentages were for the “rarely” and “never” answer variants (e.g., “You read the hours on the light bulb packs before purchasing them”, “You put your mobile phone in the power saving mode so that you don’t have to charge it so often” and “You unplug the electrical and electronic equipment that you do not use”) were also observed. Decrypting consumer behaviors is a key point for building strategies that will lead to consumers’ awareness of conserving electricity in households and, thus, to a reduction in their environmental impact.

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“…These goals required the restructuring www.videleaf.com and improvement of many categories in the energy sector, namely production, transport, and distribution. In order to comply with the intrinsic financial limitations, the country attracted foreign and domestic private investments [20].…”

Section: Literature Reviewmentioning

confidence: 99%

The Evolution of the Romanian Renewable Energy Market: A Critical Assessment

Marinescu¹

2021

Advances in Energy Research

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This research assesses the evolution of the renewable energy market in Romania. Attracted by a generous support scheme, foreign and domestic investors flocked to the market. Subsequently, the sector witnessed remarkable progress, especially in the wind power category. Romania closed in rapidly on the national target set by the European Union concerning the share of the country's energy consumption from renewable sources. However, frequent changes in the support scheme and in the regulations issued by public authorities led to chaos. The aim of the paper is to emphasize the evolution of renewable energy policy in Romania, to investigate the incentives and their effects, and to critically assess the impact of the changes on renewable energy producers. It highlights, by means of an exploratory study and several interviews with executives of renewable energy companies, the challenges and shortcomings of policymaking. The main finding is that the revision of the subsidy scheme and the changes in energy policy that followed are the major determinants for the declining financial performance of renewable energy producers. Some recommendations for improved policymaking so as to reestablish the trust of investors and to foster the sustainable development of the energy sector are suggested in the final part.

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Energy policy and European utilities’ strategy: Lessons from the liberalisation and privatisation of the energy sector in Romania

Cited by 19 publications

References 13 publications

From Cocktail to Dependence: Revisiting the Foundations of Dependent Market Economies

From Cocktail to Dependence: Revisiting the Foundations of Dependent Market Economies

Sustainable Behavior among Romanian Students: A Perspective on Electricity Consumption in Households

The Evolution of the Romanian Renewable Energy Market: A Critical Assessment

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