March 4, 2008
The issue of ownership unbundling revealed more diverging views between panellists.Luigi de Francisci of Terna, Italy‘s national electricity grid, refuted the findings of a study by the consulting firm A.T. Kearney, which concludes that “there is no empirical evidence that ownership unbundling leads to more competition”.Francisci argued the study is skewed as it fails to document the increase of liquidity flows (through energy trading on stock markets) and the higher presence of operators from other EU member states in national energy markets where ownership unbundling of electricity transmission and distribution assets has been carried out.
But A.T. Kearney‘s Florian Haslauer, who asserted that the study was not ordered by any client but was ‘self-initiated’ by his firm, argued that increased competition depends on many factors, including the level of price signals. Markets with higher energy end prices for consumers tend to attract more competition and more investments, regardless of whether or not ownership unbundling has taken place, he said.
From Eur ActivAuthor : EMI