Regulatory reform in the Spanish electricity industry: a missed opportunity for competition
UNSPECIFIED. (1999) Regulatory reform in the Spanish electricity industry: a missed opportunity for competition. ENERGY POLICY, 27 (7). pp. 387-399. ISSN 0301-4215Full text not available from this repository.
The reform of the electricity industry in Spain was announced as a drastic move towards freer markets and more competition. We argue that the reform is better seen as a lost opportunity for the rapid introduction of competition within the Spanish electricity sector. Although the new legal framework introduced an innovative spot market mechanism, the pro-competitive potential of this innovation was wasted by a seriously flawed privatisation program, by allowing continued vertical integration between generation and distribution and by limiting the liberalisation of supply activities. Furthermore, the Spanish case provides a useful example of the pitfalls of regulatory reform in countries with a long tradition of detailed state intervention and opaque regulatory systems. We conclude by suggesting a number of measures that, in spite of previous irreversible policy mistakes, could still enhance the competitiveness of the Spanish electricity markets, (C) 1999 Elsevier Science Ltd. All rights reserved.
|Item Type:||Journal Article|
|Subjects:||T Technology > TJ Mechanical engineering and machinery
G Geography. Anthropology. Recreation > GE Environmental Sciences
|Journal or Publication Title:||ENERGY POLICY|
|Publisher:||ELSEVIER SCI LTD|
|Number of Pages:||13|
|Page Range:||pp. 387-399|
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