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2015, vol. 63, iss. 7-8, pp. 435-448
Improvement of efficiency of gas distribution sector in the Republic of Serbia: Some recommendations
aUniversity of Belgrade, Faculty of Economy, Department of Business Economics and Management
bUniversity of Belgrade, Faculty of Economy, Department of Accounting and Business Finance
cEnergy Agency of the Republic of Serbia
Strategic and tactical measures to overcome real sector competitiveness crisis in Serbia (MESTD - 179050)

This paper aims to investigate the possibilities for improvement of efficiency of the natural gas distribution sector in the light of supporting the competitiveness of the domestic companies. The gas distribution network operated by distribution system operators (DSOs) is an important link of the value chain in delivering natural gas to industrial consumers and households. DSOs are in a position of natural monopoly that is economically and socially acceptable. Because of their importance for the competitiveness of national economy, we analyzed their technical efficiency and financial condition. We found that many of those companies have a low level of technical efficiency and ruined financial health and investment potency. Several possibilities for improving this performance were analysed, and as the most viable seemed to be mergers of these companies into a fewer number of DSOs. The main DSO-specific sources of value that could be activated through merger transactions were identified and analysed in depth. The process of mergers should be initiated by government, and its implementation should be supported by local authorities if they founded the DSO.
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Bukurov, M., Babic, M., Ljubicic, B. (2010) Finding the balance between the energy security and environmental protection in Serbia. Thermal Science, 14(suppl.): 15-25
Dorigoni, S., Portatadino, S. (2009) Natural gas distribution in Italy: When competition does not help the market. Utilities Policy, 17(3-4): 245-257
Đuričin, D., Vuksanović, I. (2014) Quest for new development model and economic policy platform for Serbia: The role of industrial policy. Ekonomika preduzeća, vol. 62, br. 5-6, str. 229-250
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Ivanišević, M., Todorović, M. (2014) Rearranging Residual Claims: Choosing the Right Transaction to Unlock Hidden Value. in: Janićijević N. [ed.] Contemporary Management and Marketing Methods in Improving Competitiveness of Companies in Serbia in the Process of its Integration in European Union, Belgrade: Faculty of Economics University of Belgrade, 87-101
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Kaličanin, Đ., Kuč, V. (2013) Industrial policy in the energy sector: The example of gas sector in Serbia. Ekonomika preduzeća, vol. 61, br. 7-8, str. 492-505
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article language: English
document type: Original Scientific Paper
DOI: 10.5937/ekopre1508435K
published in SCIndeks: 30/03/2016

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