La configuración del mix tecnológico en un sistema eléctrico liberalizado
ISSN: 0422-2784
Year of publication: 2007
Issue Title: Ajustes regulatorios en el sector eléctrico español
Issue: 364
Pages: 75-86
Type: Article
More publications in: Economía industrial
Abstract
This paper analyzes the evolution of technology mix in the electricity industry when investment choices are left to private investors. In particular, possible failures and investment biases in recent liberalized electricity markets are presented. In addition, the main regulatory mechanisms used in practice and their effects are analyzed. Finally, this paper explores the government intervention in technology choices in the Spanish electricity market from the beginning of the liberalization process. While some regulatory rules have adequacy complemented the market functioning, others have distorted the electricity price, which is the reference to signal right investments.