The Spanish Electricity Industry: Plus ça change …
AbstractIn this paper we describe the Spanish electricity industry and its current regulatory regime. Special emphasis is given to the description and discussion of market design issues (including stranded cost recovery), the evolution of market structure, investment in generation capacity and network activities. We also provide a critical assessment of the 1997 regulatory reform, which did not succeed in introducing effective competition, but retained an opaque regulation which has been subject to continuous governmental interventionism. Furthermore, the implementation of the Kyoto agreement could show the lack of robustness of the regulatory regime.
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Bibliographic InfoPaper provided by Faculty of Economics, University of Cambridge in its series Cambridge Working Papers in Economics with number 0502.
Date of creation: Jan 2005
Date of revision:
Note: CMI, IO
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Spain; electricity; market design; generation; network activities; regulation;
Find related papers by JEL classification:
- L4 - Industrial Organization - - Antitrust Issues and Policies
- L5 - Industrial Organization - - Regulation and Industrial Policy
- L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-01-09 (All new papers)
- NEP-COM-2005-01-09 (Industrial Competition)
- NEP-EEC-2005-01-09 (European Economics)
- NEP-ENE-2005-01-09 (Energy Economics)
- NEP-NET-2005-01-09 (Network Economics)
- NEP-RES-2005-01-09 (Resource Economics)
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