Gas industry reforms and consumers' prices in the European Union
|Title||Gas industry reforms and consumers' prices in the European Union|
|Publication Type||Working Paper|
|Year of Publication||2008|
|Authors||R. Brau, R. Doronzo, M. Florio|
|Keywords||liberalization, natural gas industry, privatization, regulatory reform|
This paper offers an empirical analysis of the impact of reforms in the natural gas industry on consumer prices across the EU-15 area. After briefly reviewing the most recent reforms, we study the relationship between regulatory indicators and price dynamics by means of panel data econometrics. Our findings suggest that so far there is limited evidence of beneficial effects for European consumers from the standard package of gas industry reforms.