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Competition in European Electricity Markets

Competition in European Electricity Markets

A Cross-country Comparison

Edited by Jean-Michael Glachant and Dominique Finon

This book focuses on the diversity of electricity reforms in Western Europe, drawing evidence from ten European Union memberstates plus Norway and Switzerland as associate members. The contributors analyse the various ways of introducing competition in the European electricity industries, and consider both the strategies of electricity companies and their behaviour in electricity marketplaces. They also offer an explanation of the differences of reforms by the institutions and the industrial structures of each country which shape the types of marketrules, industrial restructuring and public service regulations which have been adopted.

Chapter 9: The Implementation of the EU Directive for Electricity in Austria: A New Era for the Austrian Electricity Supply Industry

Reinhard Haas, Hans Auer and Wolfgang Orasch

Subjects: economics and finance, competition policy, energy economics, industrial organisation


Reinhard Haas, Hans Auer and Wolfgang Orasch INTRODUCTION In Austria the current structure of the electricity supply industry is historically grown since the Second World War. The Second Nationalization Act of 1947 and its amendments has been the basis for the structure and organization, ownership and relationships between the utilities until the end of the 1990s. On 19 February 1999 this Act was replaced by the so-called Elektrizitätswirtschafts- und -organisationsgesetz (in short: ElWOG 1), which had to be implemented to meet the guidelines of the EU Directive on electricity. But already one year later, in July 2000, ElWOG 2, a comprehensive amendment of ElWOG 1, was passed by the Austrian Parliament and went into force in 2001. According to ElWOG 2 the Austrian electricity market has been opened for all customers on 1 October 2001. A comprehensive description of the major features of this law as well as an overview of recent developments and future prospects are given in the later sections of this chapter. HISTORICAL GROWN STRUCTURE OF THE AUSTRIAN ELECTRICITY SUPPLY INDUSTRY The Second Nationalization Act of 1947 stated that electricity supply in Austria is a public task and has to be provided by public companies. The only exception were utilities with generating capacities smaller than 200 kW and with a total supply smaller than twice their self-generation. This law created the following categories of utilities: 217 218 Electricity markets in Western Central Europe 1. 2. 3. 4. Verbund has been operating on a federal level. Verbund’s...

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