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Reformando el sector eléctrico chileno: Diga NO a la liberalización del mercado spot (Reforming the Chilean electricity sector: Just say NO to the Liberation of the spot market)

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Author Info
Soledad Arellano ()
Abstract

Este trabajo argumenta que la liberalización del mercado spot de la industria eléctrica chilena no es una alternativa de política recomendable pues existe un amplio potencial para ejercer poder de mercado. En particular, Endesa distorsionaría la asignación in- tertemporal del agua forzando al alza el precio spot, especialmente en períodos en que la demanda que enfrenta es menos elástica. Se analizan además dos medidas de política que podrían servir para mitigar el problema de competencia: la venta de activos por parte de Endesa y la obligación de vender parte de la producción a través de contratos. Si bien ambas alternativas efectivamente logran reducir el problema de poder de mercado, ninguna de ellas constituye en la práctica una garantía de que el mencionado problema no se presentará. La primera alternativa tiene un problema de factibilidad práctica, mientras que el funcionamiento de la segunda no puede ser garantizada en el mediano y largo plazo.

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Paper provided by Centro de Economía Aplicada, Universidad de Chile in its series Documentos de Trabajo with number 197.

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Date of creation: 2004
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Handle: RePEc:edj:ceauch:197

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  1. Matti Liski & Juan-Pablo Montero, 2004. "Forward trading and collusion in oligopoly," Working Papers 0412, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research. [Downloadable!]
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  2. Green, Richard, 1999. "The Electricity Contract Market in England and Wales," Journal of Industrial Economics, Blackwell Publishing, vol. 47(1), pages 107-24, March. [Downloadable!] (restricted)
  3. David M. Newbery, 1995. "Power Markets and Market Power," The Energy Journal, International Association for Energy Economics, vol. 16(3), pages 39-66.
  4. Powell, Andrew, 1993. "Trading Forward in an Imperfect Market: The Case of Electricity in Britain," Economic Journal, Royal Economic Society, vol. 103(417), pages 444-53, March. [Downloadable!] (restricted)
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