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| | Is There a Single European Market for Electricity |
 | | Electricity is produced and delivered in a four-stage, vertically interdependent process involving generation (the production of electrical energy), transmission (transportation of this energy along high-voltage cables), distribution (transportation at lower voltages to final customers) and retailing (advertising, branding, contract bundling and billing for final customers). |
 | | Electricity retailing has traditionally been bundled with distribution, but recent liberalization efforts have demonstrated that it is actually separable from distribution and hence competitive. |
 | | Monitoring European Deregulation 2: 'A European Market for Electricity' by Lars Bergman (Stockholm School of Economics and SNS), Gert Brunekreeft (Albert-Ludwigs Universität Freidburg), Chris Doyle (London Economics), Nils-Henrik von der Fehr (University of Oslo), David Newbery (University of Cambridge and CEPR), Michael Pollitt (University of Cambridge) and Pierre Regibeau (University of Essex and CEPR). |
| www.cepr.org /pubs/Bulletin/075/Electricity.htm (1824 words) |
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