Energy markets of Eastern Europe: impact of deregulation
by Franz Wirl
International Journal of Global Energy Issues (IJGEI), Vol. 4, No. 1/2, 1992

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.

Online publication date: Thu, 17-Jul-2014

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