TY  - JOUR
AU  - Pešić, Radmilo
AU  - Urge-Vorsatz, D
PY  - 2001
UR  - http://aspace.agrif.bg.ac.rs/handle/123456789/332
AB  - Restructuring the monopolistic, state-owned, obsolete and polluting utility industries of post-socialist economies poses a challenge for the utility deregulation wave travelling around the world. Utility restructuring in the Central and Eastern Europe (CEE) region is unique from several perspectives, including the domination of foreign capital vs. national resources as the only feasible vehicle for a drastic change in the industry and the ambitious goals of harmonisation with the EU liberalisation schedule to accelerate accession. It is also widely expected that deregulation will help bring down world-record high energy intensities in these economies. Hungary has been the pioneer among economies in transition in unbundling, deregulating and privatising the utility industries and taking the first steps towards EU-conforming marker liberalisation within less than half a decade. The first stages of privatisation and restructuring have been declared a success story in the Western media. However, what is a success story from a foreign perspective may be seen differently from other viewpoints. The article describes the process of utility restructuring in Hungary and examines its impact from the economic, environmental and policy perspectives. The article also compares the pioneer Hungarian deregulation with other CEE countries' restructuring of their energy sectors. However, the lessons to be learned from the Hungarian electricity industry restructuring are not only vital for other economies in transition but are often universally applicable.
PB  - Carfax Publishing, Basingstoke
T2  - Post-Communist Economies
T1  - Restructuring of the Hungarian electricity industry
EP  - 99
IS  - 1
SP  - 85
VL  - 13
DO  - 10.1080/14631370020031531
ER  - 

@article{
author = "Pešić, Radmilo and Urge-Vorsatz, D",
year = "2001",
abstract = "Restructuring the monopolistic, state-owned, obsolete and polluting utility industries of post-socialist economies poses a challenge for the utility deregulation wave travelling around the world. Utility restructuring in the Central and Eastern Europe (CEE) region is unique from several perspectives, including the domination of foreign capital vs. national resources as the only feasible vehicle for a drastic change in the industry and the ambitious goals of harmonisation with the EU liberalisation schedule to accelerate accession. It is also widely expected that deregulation will help bring down world-record high energy intensities in these economies. Hungary has been the pioneer among economies in transition in unbundling, deregulating and privatising the utility industries and taking the first steps towards EU-conforming marker liberalisation within less than half a decade. The first stages of privatisation and restructuring have been declared a success story in the Western media. However, what is a success story from a foreign perspective may be seen differently from other viewpoints. The article describes the process of utility restructuring in Hungary and examines its impact from the economic, environmental and policy perspectives. The article also compares the pioneer Hungarian deregulation with other CEE countries' restructuring of their energy sectors. However, the lessons to be learned from the Hungarian electricity industry restructuring are not only vital for other economies in transition but are often universally applicable.",
publisher = "Carfax Publishing, Basingstoke",
journal = "Post-Communist Economies",
title = "Restructuring of the Hungarian electricity industry",
pages = "99-85",
number = "1",
volume = "13",
doi = "10.1080/14631370020031531"
}

Pešić, R.,& Urge-Vorsatz, D.. (2001). Restructuring of the Hungarian electricity industry. in Post-Communist Economies
Carfax Publishing, Basingstoke., 13(1), 85-99.
https://doi.org/10.1080/14631370020031531

Pešić R, Urge-Vorsatz D. Restructuring of the Hungarian electricity industry. in Post-Communist Economies. 2001;13(1):85-99.
doi:10.1080/14631370020031531 .

Pešić, Radmilo, Urge-Vorsatz, D, "Restructuring of the Hungarian electricity industry" in Post-Communist Economies, 13, no. 1 (2001):85-99,
https://doi.org/10.1080/14631370020031531 . .