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How much room for a competitive electricity generation market in Portugal?

Author

Listed:
  • Amorim, F.
  • Vasconcelos, J.
  • Abreu, I.C.
  • Silva, P.P.
  • Martins, V.

Abstract

Although the Portuguese electricity market was fully liberalized in 2006 and Iberian Electricity Market operators were set up some years ago, almost all electricity generated in Portugal benefits from a State guaranteed price, independent of market behavior. This applies not only to producers using renewable energy sources and cogeneration under feed-in tariffs, but also to all conventional power plants that undersigned a Power Purchase Agreement in the 1990s.

Suggested Citation

  • Amorim, F. & Vasconcelos, J. & Abreu, I.C. & Silva, P.P. & Martins, V., 2013. "How much room for a competitive electricity generation market in Portugal?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 18(C), pages 103-118.
  • Handle: RePEc:eee:rensus:v:18:y:2013:i:c:p:103-118
    DOI: 10.1016/j.rser.2012.10.010
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    References listed on IDEAS

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    1. Ferreira, Paula & Araujo, Madalena & O'Kelly, M.E.J., 2007. "An overview of the Portuguese electricity market," Energy Policy, Elsevier, vol. 35(3), pages 1967-1977, March.
    2. Dominguez, E. Fernandez & Bernat, J. Xiberta, 2007. "Restructuring and generation of electrical energy in the Iberian Peninsula," Energy Policy, Elsevier, vol. 35(10), pages 5117-5129, October.
    3. Hrovatin, Nevenka & Pittman, Russell & Zoric, Jelena, 2009. "Organisation and reforms of the electricity sector in Slovenia," Utilities Policy, Elsevier, vol. 17(1), pages 134-143, March.
    4. Severin Borenstein & James B. Bushnell & Frank A. Wolak, 2002. "Measuring Market Inefficiencies in California's Restructured Wholesale Electricity Market," American Economic Review, American Economic Association, vol. 92(5), pages 1376-1405, December.
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    Cited by:

    1. Figueiredo, Nuno Carvalho & Silva, Patrícia Pereira da & Bunn, Derek, 2016. "Weather and market specificities in the regional transmission of renewable energy price effects," Energy, Elsevier, vol. 114(C), pages 188-200.
    2. Qazi, Usama & Jahanzaib, Mirza & Ahmad, Wasim & Hussain, Salman, 2017. "An institutional framework for the development of sustainable and competitive power market in Pakistan," Renewable and Sustainable Energy Reviews, Elsevier, vol. 70(C), pages 83-95.
    3. Behrens, Paul & Rodrigues, João F.D. & Brás, Tiago & Silva, Carlos, 2016. "Environmental, economic, and social impacts of feed-in tariffs: A Portuguese perspective 2000–2010," Applied Energy, Elsevier, vol. 173(C), pages 309-319.
    4. Marques, António Cardoso & Fuinhas, José Alberto, 2015. "The role of Portuguese electricity generation regimes and industrial production," Renewable and Sustainable Energy Reviews, Elsevier, vol. 43(C), pages 321-330.
    5. Fotouhi Ghazvini, Mohammad Ali & Ramos, Sergio & Soares, João & Castro, Rui & Vale, Zita, 2019. "Liberalization and customer behavior in the Portuguese residential retail electricity market," Utilities Policy, Elsevier, vol. 59(C), pages 1-1.
    6. Macedo, Daniela Pereira & Marques, António Cardoso & Damette, Olivier, 2020. "The impact of the integration of renewable energy sources in the electricity price formation: is the Merit-Order Effect occurring in Portugal?," Utilities Policy, Elsevier, vol. 66(C).
    7. Gerbelová, Hana & Amorim, Filipa & Pina, André & Melo, Mário & Ioakimidis, Christos & Ferrão, Paulo, 2014. "Potential of CO2 (carbon dioxide) taxes as a policy measure towards low-carbon Portuguese electricity sector by 2050," Energy, Elsevier, vol. 69(C), pages 113-119.
    8. Erkan Erdogdu, 2014. "The Political Economy of Electricity Market Liberalization: A Cross-country Approach," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3).
    9. Zafirakis, Dimitrios & Chalvatzis, Konstantinos J. & Baiocchi, Giovanni & Daskalakis, Georgios, 2016. "The value of arbitrage for energy storage: Evidence from European electricity markets," Applied Energy, Elsevier, vol. 184(C), pages 971-986.
    10. da Silva, Patrícia Pereira & Cerqueira, Pedro A., 2017. "Assessing the determinants of household electricity prices in the EU: a system-GMM panel data approach," Renewable and Sustainable Energy Reviews, Elsevier, vol. 73(C), pages 1131-1137.
    11. Sareen, Siddharth & Haarstad, Håvard, 2018. "Bridging socio-technical and justice aspects of sustainable energy transitions," Applied Energy, Elsevier, vol. 228(C), pages 624-632.
    12. Pina, André & Silva, Carlos A. & Ferrão, Paulo, 2013. "High-resolution modeling framework for planning electricity systems with high penetration of renewables," Applied Energy, Elsevier, vol. 112(C), pages 215-223.
    13. Marques, António Cardoso & Fuinhas, José Alberto & Menegaki, Angeliki N., 2014. "Interactions between electricity generation sources and economic activity in Greece: A VECM approach," Applied Energy, Elsevier, vol. 132(C), pages 34-46.
    14. Amorim, Filipa & Pina, André & Gerbelová, Hana & Pereira da Silva, Patrícia & Vasconcelos, Jorge & Martins, Victor, 2014. "Electricity decarbonisation pathways for 2050 in Portugal: A TIMES (The Integrated MARKAL-EFOM System) based approach in closed versus open systems modelling," Energy, Elsevier, vol. 69(C), pages 104-112.
    15. Figueiredo, Nuno Carvalho & Silva, Patrícia Pereira da & Cerqueira, Pedro A., 2015. "Evaluating the market splitting determinants: evidence from the Iberian spot electricity prices," Energy Policy, Elsevier, vol. 85(C), pages 218-234.
    16. Patrícia Pereira da Silva & Pedro Cerqueira, 2014. "Drivers for Household Electricity Prices in the EU: A System-GMM Panel Data Approach," GEMF Working Papers 2014-13, GEMF, Faculty of Economics, University of Coimbra.

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