Vertical separation vs. independent downstream entry in an electricity network: Experimental insights
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10045/66437
Title: | Vertical separation vs. independent downstream entry in an electricity network: Experimental insights |
---|---|
Authors: | Ciarreta, Aitor | Fatas, Enrique | Georgantzís, Nikolaos | Gutiérrez-Hita, Carlos |
Research Group/s: | Desarrollo, Métodos Cuantitativos y Teoría Económica (DMCTE) |
Center, Department or Service: | Universidad de Alicante. Departamento de Fundamentos del Análisis Económico |
Keywords: | Spanish electricity market | Vertical relations | Laboratory experiments |
Knowledge Area: | Fundamentos del Análisis Económico |
Issue Date: | Feb-2017 |
Publisher: | Elsevier |
Citation: | Electric Power Systems Research. 2017, 143: 728-738. doi:10.1016/j.epsr.2016.10.034 |
Abstract: | We analyze a realistic simulation of a complex electricity network. We obtain the data with a series of experimental sessions designed to closely replicate the Spanish electricity market. In the experiments reported here we compare the status quo with two alternative regulatory market structures. In one of them, labeled as vertical separation, we impose that power generating firms and electricity distributors operate as independent business groups. In the second, we study the effect of entry by independent end-suppliers. Both alternative scenarios dominate the status quo in terms of market efficiency, but the latter of them dominates the former. |
Sponsor: | Authors thank the NET Institute (www.NETinst.org) for financial support. Aitor Ciarreta would like to acknowledge financial support from Ministerio de Economía y Competitividad (ECO2015-64467-R, MINECO/FEDER) and Gobierno Vasco (IT783-13). Carlos Gutiérrez-Hita would like to acknowledge financial support from Ministerio de Economía y Competitividad through the project “Strategic management on complex systems with multiplicity of agents” (Ref: MTM2014-54199-P.). |
URI: | http://hdl.handle.net/10045/66437 |
ISSN: | 0378-7796 (Print) | 1873-2046 (Online) |
DOI: | 10.1016/j.epsr.2016.10.034 |
Language: | eng |
Type: | info:eu-repo/semantics/article |
Rights: | © 2016 Elsevier B.V. |
Peer Review: | si |
Publisher version: | http://dx.doi.org/10.1016/j.epsr.2016.10.034 |
Appears in Collections: | INV - DMCTE - Artículos de Revistas |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
2017_Ciarreta_etal_EPSR_final.pdf | Versión final (acceso restringido) | 1,54 MB | Adobe PDF | Open Request a copy |
2017_Ciarreta_etal_EPSR_preprint.pdf | Preprint (acceso abierto) | 1,42 MB | Adobe PDF | Open Preview |
Items in RUA are protected by copyright, with all rights reserved, unless otherwise indicated.