scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 1,570
INTRODUCTION The importance of electricity in the world economy can hardly be underestimated It serves as an input in almost every industry and we as people have grown more and more dependent on electricity The electricity sector was like most other utilities traditionally a nationalized sector in many countries across Europe In many cases a state monopoly was installed to dominate the supply in the whole sector in an effort to realise a social optimum without exercising monopoly power During the second half of the twentieth century a trend of deregulation and privatisation was introduced into the energy sector The coal and coke sectors were the first components to be liberalized in the European Union Nowadays a restructuring of the electricity sector is gaining pace This restructuring involves privatisation and deregulation of the sector the state monopoly is abandoned and market power divided over several private suppliers or in other words free market competition is introduced The subject of privatisation of electricity markets is an extremely interesting one because it has a significant impact on many aspects of the European societies As described in the third chapter the privatisation has a clear impact on employment environment and prices Of course the list of affected sectors and aspects is much longer The fist chapter of this paper will describe the background of the electricity sector its structure the background and several tendencies that have led to the recent change of course The second chapter describes the restructuring itself the process of denationalisation the electricity sector through deregulation The third chapter finally describes the impact of the privatisation after the first steps of its implementation in the EU countries CHAPTER 1 the nationalised electricity sector 11 Nationalisation The energy sector which consists of the electricity coal oil and gas sectors was traditionally a nationalized sector Nationalisation is a process in
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA