Abstract
Changes in the regulation of the electricity sector as a factor in stimulating economic development in Poland in 2000-2014
Highlights
Since the 80s in the EU a transformation in the utilities, including the electricity sector, the transformation process was taking place
A literature review indicated that the primary effect of the reforms in the electricity markets are changes in electricity prices, the consolidation processes resulting in increased market power of business and declining investment in production capacity
Within the period of the study a comparison was made of the effects of changes in the electricity sector in the years 2000-2007, when the market was subject to strong sectoral regulation and in the years 2008-2014, when the electricity market was opened to competition and was largely a liberalized market
Summary
Since the 80s in the EU a transformation in the utilities, including the electricity sector, the transformation process was taking place. This coincided at the same time with the change of approach to the role of the State in infrastructure sectors It was found (Jordan 1972; Stigler 1971; Tullock 1967) that the State’s role should be limited, because regulation instead of serving the public interest, gives an advantage to interest groups to a greater extent than the whole of society, resulting in low cost efficiency of enterprises, high prices of goods and services offered to consumers and businesses and a socio-economic loss for country. Since the early 90s in the electricity sector in the
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