Vertical separation vs. independent downstream entry in an electricity network: Experimental insights
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http://hdl.handle.net/10045/66437
Títol: | Vertical separation vs. independent downstream entry in an electricity network: Experimental insights |
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Autors: | Ciarreta, Aitor | Fatas, Enrique | Georgantzís, Nikolaos | Gutiérrez-Hita, Carlos |
Grups d'investigació o GITE: | Desarrollo, Métodos Cuantitativos y Teoría Económica (DMCTE) |
Centre, Departament o Servei: | Universidad de Alicante. Departamento de Fundamentos del Análisis Económico |
Paraules clau: | Spanish electricity market | Vertical relations | Laboratory experiments |
Àrees de coneixement: | Fundamentos del Análisis Económico |
Data de publicació: | de febrer-2017 |
Editor: | Elsevier |
Citació bibliogràfica: | Electric Power Systems Research. 2017, 143: 728-738. doi:10.1016/j.epsr.2016.10.034 |
Resum: | 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. |
Patrocinadors: | 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 |
Idioma: | eng |
Tipus: | info:eu-repo/semantics/article |
Drets: | © 2016 Elsevier B.V. |
Revisió científica: | si |
Versió de l'editor: | http://dx.doi.org/10.1016/j.epsr.2016.10.034 |
Apareix a la col·lecció: | INV - DMCTE - Artículos de Revistas |
Arxius per aquest ítem:
Arxiu | Descripció | Tamany | Format | |
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2017_Ciarreta_etal_EPSR_final.pdf | Versión final (acceso restringido) | 1,54 MB | Adobe PDF | Obrir Sol·licitar una còpia |
2017_Ciarreta_etal_EPSR_preprint.pdf | Preprint (acceso abierto) | 1,42 MB | Adobe PDF | Obrir Vista prèvia |
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