IAEE Members and subscribers to The Energy Journal: Please log in to access the full text article or receive discounted pricing for this article.

The Spanish Electricity Industry: Plus ca change

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.

Purchase ( $25 )

Energy Specializations: Electricity – Markets and Prices ; Electricity – Policy and Regulation

JEL Codes: Q41: Energy: Demand and Supply; Prices, Q40: Energy: General, D44: Auctions, D40: Market Structure, Pricing, and Design: General, L11: Production, Pricing, and Market Structure; Size Distribution of Firms, Q54: Climate; Natural Disasters and Their Management; Global Warming

Keywords: Electricity industry, Spain, Competition, market design, regulation, investment

DOI: 10.5547/ISSN0195-6574-EJ-Vol26-NoSI-6

Published in Volume 26, Special Issue of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.

 

© 2024 International Association for Energy Economics | Privacy Policy | Return Policy