Electro Energy Market Organisation in the EU and the US

This diploma thesis analyses electro energy market organisation in the European Union and the United States of America. Liberalisation tendencies occurred in both areas during the 90's. The liberalisation is supposed to increase quality and reliability of electricity supplies as well as decrease electricity price. Electro energy industry belongs to the so called network industries, whose specifics prevent smooth liberalisation process. The vertically integrated companies or utilities in the US behave monopolistically on the market making the industry work inefficiently. Consequently, prices paid by customers are too high. The liberalisation should enable new participants to enter the market more easily as result of competition introduction and thereby also lead to pricing based on supply and demand interaction. The thesis also deals with price development in European and American areas liberalised to different extent. You can see number of similar tendencies and problems despite different way of electro energy market organisation in the EU and the US