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The Integration of the Spanish Electricity System: Volta’s Business Model (1910-1960)

Author

Listed:
  • Josean Garrues Irurzun

    (Universidad de Granada)

  • Antonio Hidalgo Mateos

    (Universidad de Extremadura)

Abstract

Research on the Spanish electrical sector provides a fairly precise understanding of the evolution of its main macroeconomic indicators, as well as the behavior of its companies. However, the success of universal compa-nies and the belief that the theory of natural monopoly applied to all phases of the business (production, dis-tribution, and marketing) until the end of the 20th century, has led to a lack of precise knowledge about the functioning and transformation of traditional electrical systems into integrated ones. Therefore, the objective of this communication is twofold. First, to shed light on the role played by companies involved in regional in-tegration processes. Second, and particularly, to highlight the entrepreneurial function of distribution/market-ing companies. To achieve this, we analyze one of the largest Spanish distribution companies between 1910 and 1960, understanding that this case study represents a model followed, with nuances specific to their eco-nomic and business contexts, by many other Spanish and international electric companies. KEY Classification-JEL: N73; N74; L94; L22.

Suggested Citation

  • Josean Garrues Irurzun & Antonio Hidalgo Mateos, 2024. "The Integration of the Spanish Electricity System: Volta’s Business Model (1910-1960)," Investigaciones de Historia Económica - Economic History Research (IHE-EHR), Journal of the Spanish Economic History Association, Asociación Española de Historia Económica, vol. 20(03), pages 57-70.
    • Handle: RePEc:ahe:invest:v:20:y:2024:i:03:p:57-70
    DOI: https://doi.org/10.33231/j.ihe.2024.07.001
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    Keywords

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    JEL classification:

    • N73 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Europe: Pre-1913
    • N74 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Europe: 1913-
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure

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