Type | Report |
Title | Influence of Electricity Privatization on the Living Standard in Transition Economies |
Author(s) | |
Publication (Day/Month/Year) | 2007 |
URL | http://www.ur.edu.pl/pliki/Zeszyt11/34.pdf |
Abstract | Like many other former Soviet Union republics, by the late 1990s Moldova was facing a severe energy crisis. Entirely dependent on imported energy, the country found itself unable to pay rapidly rising international fuel prices. Debt to foreign oil and gas suppliers ballooned, and per capita electricity consumption plunged to the lowest levels in Europe (Figure 1). Per capita monthly electricity consumption in 2001 was about 51 kWh—just a quarter of the average consumption in Europe and Central Asia countries [World Energy …, 2003]. |