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The Spanish Electricity Industry: Plus ça change …

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  • Crampes , C.
  • Fabra , N.

Abstract

In 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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File URL: http://www.econ.cam.ac.uk/electricity/publications/wp/ep69.pdf
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Bibliographic Info

Paper provided by Faculty of Economics, University of Cambridge in its series Cambridge Working Papers in Economics with number 0502.

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Length: 29
Date of creation: Jan 2005
Date of revision:
Handle: RePEc:cam:camdae:0502

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Web page: http://www.econ.cam.ac.uk/index.htm

Related research

Keywords: Spain; electricity; market design; generation; network activities; regulation;

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References

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  1. Fabra, Natalia & Toro, Juan, 2005. "Price wars and collusion in the Spanish electricity market," International Journal of Industrial Organization, Elsevier, vol. 23(3-4), pages 155-181, April.
  2. Emili Grifell-Tatjé & C. A. Knox Lovell, 2003. "The Managers versus the Consultants," Scandinavian Journal of Economics, Wiley Blackwell, vol. 105(1), pages 119-138, 03.
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Citations

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Cited by:
  1. Christian von Hirschhausen & Hannes Weigt, 2007. "Aktive Wettbewerbspolitik für effiziente Elektrizitätserzeugungsmärkte: Instrumente, internationale Erfahrungen und wirtschaftspolitische Schlussfolgerungen," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 76(1), pages 65-86.
  2. Xavier Vives, 2009. "Strategic Supply Function Competition with Private Information," CESifo Working Paper Series 2856, CESifo Group Munich.
  3. Furió, Dolores & Lucia, Julio J., 2009. "Congestion management rules and trading strategies in the Spanish electricity market," Energy Economics, Elsevier, vol. 31(1), pages 48-60, January.
  4. Roques, Fabien A., 2008. "Market design for generation adequacy: Healing causes rather than symptoms," Utilities Policy, Elsevier, vol. 16(3), pages 171-183, September.
  5. Malaguzzi Valeri, Laura, 2006. "Comparison of Electricity Deregulation around the World and Implications for Ireland," Quarterly Economic Commentary: Special Articles, Economic and Social Research Institute (ESRI), vol. 2006(3-Autumn), pages 38-63.
  6. Linares, P. & Santos, F.J. & Pérez-Arriaga, I.J., 2008. "Scenarios for the evolution of the Spanish electricity sector: Is it on the right path towards sustainability?," Energy Policy, Elsevier, vol. 36(11), pages 4057-4068, November.
  7. Ciarreta, Aitor & Espinosa, María Paz, 2012. "The impact of regulation on pricing behavior in the Spanish electricity market (2002–2005)," Energy Economics, Elsevier, vol. 34(6), pages 2039-2045.
  8. Sáenz de Miera, Gonzalo & del Ri­o González, Pablo & Vizcaino, Ignacio, 2008. "Analysing the impact of renewable electricity support schemes on power prices: The case of wind electricity in Spain," Energy Policy, Elsevier, vol. 36(9), pages 3345-3359, September.
  9. Perez, Yannick & Ramos Real, Francisco Javier, 2008. "How to make a European integrated market in small and isolated electricity systems? The case of the Canary Islands," Energy Policy, Elsevier, vol. 36(11), pages 4159-4167, November.
  10. SANIN, Maria Eugenia, 2006. "Market design in wholesale electricity markets," CORE Discussion Papers 2006100, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  11. Vítor Marques & Isabel Soares & Adelino Fortunato, 2008. "Uniform Price Market and Behaviour Pattern: What Does the Iberian Electricity Market Point Out?," GEMF Working Papers 2008-08, GEMF - Faculdade de Economia, Universidade de Coimbra.
  12. Erdogdu, Erkan, 2013. "Essays on Electricity Market Reforms: A Cross-Country Applied Approach," MPRA Paper 47139, University Library of Munich, Germany.

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