Liberalisation and R&amp;D in network industries: The case of the electricity industry

Jamasb, Tooraj; Pollitt, Michael G.

doi:10.1016/j.respol.2008.04.010

Cited by 123 publications

(84 citation statements)

References 44 publications

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“…23 On the contrary, Model 3i confirms previous findings on the negative effect of liberalization on public R&D expenditures (e.g., Jamasb and Pollitt, 2008). This result resonates with the classical appropriability effect of competition on innovation and suggests the existence of several trade-offs in the effect of liberalization on renewable energy innovation.…”

Section: Different Policy Indicatorssupporting

confidence: 79%

Energy Market Liberalization and Renewable Energy Policies in OECD Countries

Vona¹,

Nicolli

2014

SSRN Journal

116

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Within the IEB framework, the Chair of Energy Sustainability promotes research into the production, supply and use of the energy needed to maintain social welfare and development, placing special emphasis on economic, environmental and social aspects. There are three main research areas of interest within the program: energy sustainability, competition and consumers, and energy firms. The energy sustainability research area covers topics as energy efficiency, CO2 capture and storage, R+D in energy, green certificate markets, smart grids and meters, green energy and biofuels. The competition and consumers area is oriented to research on wholesale markets, retail markets, regulation, competition and consumers. The research area on energy firms is devoted to the analysis of business strategies, social and corporative responsibility, and industrial organization. Disseminating research outputs to a broad audience is an important objective of the program, whose results must be relevant both at national and international level.The Chair of Energy Sustainability of the University of Barcelona-IEB is funded by the following enterprises ACS, CEPSA, CLH, Enagas, Endesa, FCC Energia, HC Energia, Gas Natural Fenosa, and Repsol) through FUNSEAM (Foundation for Energy and Environmental Sustainability). The IEB working papers represent ongoing research that is circulated to encourage discussion and has not undergone a peer review process. Any opinions expressed here are those of the author(s) and not those of IEB. Documents de Treball de l'IEB 2014/18 ENERGY MARKET LIBERALIZATION AND RENEWABLE ENERGY POLICIES IN OECD COUNTRIESFrancesco Vona, Francesco Nicolli ABSTRACT: We investigate the effect of energy liberalizations on policies that support renewable energy in a long panel of OECD countries. We estimate this effect accounting for the endogeneity of liberalization related to joint decisions within a country's energy strategy. Using regulation in other industries as instruments, we find that energy liberalization increases the public support to renewable energy. The effect of liberalization is the second largest after the effect of per-capita income and is fully driven by reductions in entry barriers, while the effect of privatization is negative. Finally, our results are robust to dynamic specifications and various policy indicators.JEL Codes: Q42, Q48, D72, O38

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Section: Different Policy Indicatorssupporting

confidence: 79%

Energy Market Liberalization and Renewable Energy Policies in OECD Countries

Vona¹,

Nicolli

2014

SSRN Journal

116

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“…Private R+D and government R+D have tended to be closely related and complementary in the past (see Jamasb and Pollitt, 2008). Indeed, government R+D should also be designed to promote private R+D initiatives that otherwise would not have been implemented.…”

Section: Figure 2: Government Energy Randd In the Uk -Main Categories (mentioning

confidence: 99%

Why and how to subsidise energy R+D: Lessons from the collapse and recovery of electricity innovation in the UK

Jamasb

Pollitt²

2015

Energy Policy

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, T. and Pollitt, M.G. (2015) 'Why and how to subsidise energy R+D : lessons from the collapse and recovery of electricity innovation in the UK. ', Energy Policy., Further information on publisher's website:http://dx.doi.org/10.1016/j.enpol.2015.01.041Publisher's copyright statement: NOTICE: this is the author's version of a work that was accepted for publication in Energy Policy. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reected in this document. Changes may have been made to this work since it was submitted for publication. A denitive version was subsequently published in Energy Policy, 83, August 2015, 10.1016/j.enpol.2015.01.041. Additional information:Use policyThe full-text may be used and/or reproduced, and given to third parties in any format or medium, without prior permission or charge, for personal research or study, educational, or not-for-prot purposes provided that:• a full bibliographic reference is made to the original source • a link is made to the metadata record in DRO • the full-text is not changed in any way The full-text must not be sold in any format or medium without the formal permission of the copyright holders.Please consult the full DRO policy for further details. AbstractThe UK electricity sector liberalisation was a pioneer in the worldwide reform trend and its reform model and outcomes have been the subject of many studies. However, lesser known are the effects of privatisation, market based reforms, and incentive regulation of networks on research and development as well as patenting activities in the sector. This paper updates our previous studies of this subject and discusses the recent developments in the innovative activities in the UK electricity sector. We find that, in recent years, the initial absence of support policies and the subsequent decline in 2 innovation efforts in the aftermath of the reform has resulted in efforts towards forming an energy technology and innovation policy. Although we already observe some positive outcomes from these efforts, we discuss whether the balance of the innovation efforts are calibrated appropriately and whether the institutional framework can be further improved to promote long term progress.

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“…Therefore, from this first set of data, we might conclude that the R&D effort in energy has evolved differently from the rest of the economy: a decline or, at best, a stagnation of specific energy R&D budgets, comparing with growth in the R&D intensity of the economy. The study by Jamasb and Pollitt (2008) had already revealed a cut in the R&D expenditure of the energy industry. Following the empirical evidence from other authors, Jamasb and Pollitt considered the liberalization processes in the energy industry as a plausible cause for the cuts in R&D budgets.…”

Section: __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ mentioning

confidence: 99%

“…The research in this paper follows some recent developments in the study of structural change in the energy sector organization (see Jamasb and Pollitt, 2008;Nakada, 2005;Marques, 2005) E En ne er rg gy y, , c co om mp pe et ti it ti io on n a an nd d i in nn no ov va at ti io on n: : h ho ow w p po ol li ic ci ie es s' ' c co oo or rd di in na at ti io on n m ma ay y c co on nt tr ri ib bu ut te e t to o a a n ne ew w e en ne er rg gy y m mo od de el l _ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ _ DINÂMIA'CET -IUL, Centro de Estudos sobre a Mudança Socioeconómica e o Território ISCTE-IUL -Av. das Forças Armadas, 1649-026 Lisboa, PORTUGAL Tel.…”

Section: Introductionmentioning

confidence: 99%

Energy, competition and innovation: how policies’ coordination may contribute to a new energy model

Teixeira¹,

Salavisa²

2013

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Liberalisation and R&D in network industries: The case of the electricity industry

Cited by 123 publications

References 44 publications

Energy Market Liberalization and Renewable Energy Policies in OECD Countries

Energy Market Liberalization and Renewable Energy Policies in OECD Countries

Why and how to subsidise energy R+D: Lessons from the collapse and recovery of electricity innovation in the UK

Energy, competition and innovation: how policies’ coordination may contribute to a new energy model

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