Title: Energy markets of Eastern Europe: impact of deregulation

Authors: Franz Wirl

Addresses: Institute of Energy Economics, Technical University of Vienna, Austria

Abstract: This paper considers the energy market of the (formerly) central planned economies in Eastern Europe (including the Soviet Union). More precisely, the analysis tries to relate the demand/supply for energy and fuels to the degree and the speed of the deregulation and the introduction of a market economy. Using a formal model, it will be shown that deregulation will lead to a substantial conservation such that this region can remain a net energy exporter over the next five years. On the other hand, continuation of the traditional allocation rules would either lead to energy imports, or more likely, to severe rationing.

Keywords: central planned economies; demand-supply framework; deregulation; projections; energy markets; Eastern Europe.

DOI: 10.1504/IJGEI.1992.063604

International Journal of Global Energy Issues, 1992 Vol.4 No.1/2, pp.28-39

Published online: 17 Jul 2014 *

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