Unexpected consequences of liberalisation: metering, losses, load profiles and cost settlement in Spain’s electricity system

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RECERCAT Home > Universitat de Barcelona > IEB (Institut d’Economia de Barcelona) > IEB (Institut d’Economia de Barcelona) – Working Papers > View document

To access the full text documents, please follow this link: http://hdl.handle.net/2445/115371

dc.contributor.author	Batalla Bejerano, Joan Antoni
dc.contributor.author	Costa, M. Teresa (Maria Teresa), 1951-
dc.contributor.author	Trujillo-Baute, Elisa
dc.date	2017-09-14T11:29:21Z
dc.date	2017-09-14T11:29:21Z
dc.date	2015
dc.identifier	http://hdl.handle.net/2445/115371
dc.identifier.uri	http://hdl.handle.net/2445/115371
dc.description	European energy markets have undergone a major transformation as they have advanced towards market liberalisation and it is vital that the details of these developments be carefully examined. The success of liberalisation is based on smart regulation, which has been capable of providing solutions to unforeseen events in the process. Our paper seeks to contribute to existing understanding of the unexpected consequences of the liberalisation process in the power system by examining a natural experiment that occurred in Spain in 2009. In that year, the electricity supply by distribution system operators (DSOs) disappeared. This positive change in retail market competition, as we demonstrate in this paper, has had an unexpected effect in terms of the system’s balancing requirements. We undertake a rigorous assessment of the economic consequences of this policy change for the whole system, in terms of its impact on final electricity prices.
dc.format	15 p.
dc.format	application/pdf
dc.language	eng
dc.publisher	Institut d’Economia de Barcelona
dc.relation	Reproducció del document publicat a: http://www.ieb.ub.edu/2012022157/ieb/ultimes-publicacions
dc.relation	IEB Working Paper 2015/16
dc.relation	[WP E-IEB15/16]
dc.rights	cc-by-nc-nd, (c) Batalla Bejerano et al., 2015
dc.rights	http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.rights	info:eu-repo/semantics/openAccess
dc.subject	Política energètica;Privatització
dc.subject	Consum d'energia
dc.subject	Política de preus
dc.subject	Energy policy;Privatization
dc.subject	Energy consumption
dc.subject	Prices policy
dc.title	Unexpected consequences of liberalisation: metering, losses, load profiles and cost settlement in Spain’s electricity system
dc.type	info:eu-repo/semantics/workingPaper

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