Assessment of electricity market liberalization impact on success in achieving EU energy policy targets in Lithuania

Abstract

The aim of the paper – to assess the impact of energy market liberalization on the priorities of EU energy policy: competiveness, security of supply and sustainability. Such type of assessment would allow to track the progress achieved in energy market liberalization in specific country and to assess the impact of this progress achieved on the main pillars of EU energy policy. There are a lot of studies conducted all over the world dealing with energy markets liberalization especially in electric power sector and most of them were performed by applying Steiner model. The Steiner model was also applied in this paper for assessing the impact of energy liberalization indicators on competitiveness of Lithuanian energy sector. The competitiveness of energy sector is measured by success in achieving EU energy policy targets. The results of assessment provided for energy policy recommendations development in Lithuania.