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Vertical separation vs. independent downstream entry in the Spanish electricity network: An experimental approach

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Author Info
Nikolaos Georgantzis () (LEE/LINEEX, Universitat Jaume I and University of Cyprus)
Enrique Fatas () (LINEEX and Applied Economics Department, University of Valencia)
Carlos Gutierrez-Hita () (Elx University)
Aitor Ciarreta ()

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Abstract

We present experimental results from a series of sessions organized using the Power Market simulator; a software designed to realistically replicate the Spanish Electricity Market. In the experiments reported here we compare the status quo to two alternative treatments which represent alternative market structures. In one of them, labeled as vertical separation, we assume that power generating firms and electricity distributors-endsuppliers belong to separate business groups. In the second, we study the effect of entry by independent end-suppliers. Both alternative scenarios dominate the status quo in terms of market efficiency, whereas the latter of them dominates the former.

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Publisher Info
Paper provided by NET Institute in its series Working Papers with number 07-31.

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Length: 32 pages
Date of creation: Sep 2007
Date of revision: Sep 2007
Handle: RePEc:net:wpaper:0731

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Web page: http://www.NETinst.org/

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Related research
Keywords: Experimental economics; Spanish Electricity Market; vertical relations.;

Find related papers by JEL classification:
C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General
L43 - Industrial Organization - - Antitrust Issues and Policies - - - Legal Monopolies and Regulation or Deregulation
L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
L53 - Industrial Organization - - Regulation and Industrial Policy - - - Enterprise Policy
L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities

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