A productivity analysis of the Italian gas retail market

G. Capece, L. Cricelli, F. Di Pillo, N. Levialdi
2008 Wit Transactions on Ecology and The Environment   unpublished
Owing to the process of liberalization, the European energy markets have undergone a radical transformation over the last decade. In this paper we analyse the Italian natural gas market, focusing in particular on retail with the objective of assessing the performance of the natural gas retail operators whilst also taking into account the strategies adopted after the liberalization process. To that aim, company performance is analysed using the Edgeworth index which enables an assessment of
more » ... assessment of levels of both profitability and productivity. Two types of comparisons are carried out based on the processed data. The first of which concerns the size of the company and second regards the degree of specialisation or diversification of the services offered. The productivity analysis The aim of this paper is to assess the performance of natural gas retail operators, focusing on three key measures of strategic performance: profit, productivity, and price differential. The methodology used expresses the three performance measures in a single unified equation utilising the Edgeworth index [6] . Alongside the surge of liberalization and regulatory reform, there has been increasing interest in the accurate evaluation of public utility performance. www.witpress.com, ISSN 1743-3541 (on-line)
doi:10.2495/eeia080051 fatcat:vsoa5c4hrrd6tjulmmdgn3f53a