Análisis de la estrategia de inversión en generación de las empresas eléctricas españolas
ISSN: 0006-6249
Year of publication: 2007
Issue Title: Economía Industrial
Volume: 62
Issue: 191
Pages: 273-282
Type: Article
More publications in: Boletín de estudios económicos
Abstract
Liberalization of the Spanish industry entails the introduction of important changes. In the Spanish case, as in other European countries, the binding planning of the generation investment is eliminated. It entails that the electricity companies have autonomy to make those investments where the price established in the wholesaler electricity market is set as a basic sign in such a decision. The elaboration of a simulation model, for the Spanish case, shows the presence of boom and bust cycles in the investment as a consequence of this process.
Bibliographic References
- BAZÁN, C.E. (2004): Análisis de la competencia en un Mercado mayorista de electricidad: el caso de España. Documento de Trabajo Universidad de La Laguna, nº 2004-04.
- CARAMANIS, M.C. (1982): “Investment decisions and long-term planning under electricity spot pricing”. IEEE Transactions on Power Apparatus and System, 101(12), pp. 4640-4648.
- FORD, A. (2001): “Waiting for the boom: a simulation study of power plant construction in California”. Energy Policy, vol. 29, pp. 847-869.
- GRAHAM, A.K. y EUBANKS, K. (2003): Deregulating into permanent boom and bust: prospects for the electric power industry. 21th International Conference of the System Dynamics Society, New York.
- GROBBEL, C. (1999): Competition in electricity generation in Germany and neighbouring countries from a System Dynamics Perspective. Ed. Peter Lang GmgH, Germany.
- HIRST, E. y HADLEY, S. (1999): “Generation adequacy: who decides?”, The Electricity Journal, 12 (8), pp.11-21.
- HORTACSU, A. y PULLER, S.L. (2004): Testing strategic models of firm behaviour in restructures electricity markets: a case study of ERCOT. Centre for the Study of Energy Markets, CSEM WP 125, University of California Energy Institute.
- MINISTERIIO DE INDUSTRIA Y ENERGÍA (1997): Ley 54/1997, de 27 de Noviembre, del Sector Eléctrico.
- OLSINA, F. (2005): Long-term dynamics of liberalized electricity markets. Tesis Doctoral, University of San Juan (Argentina).
- PETROV, K.; SCARSI, G.C. y VAN DER VEEN, W. (2003): Modelling strategic bidding behaviour in power markets. Research Symposium European Electricity Markets, The Hague, September.
- RUDKEVICH, A.; DUCKWORTH, M. y ROSEN, R. (1998): “Modelling electricity pricing in a deregulated generation industry: the potential for oligopoly pricing in a pool-co”. Energy Journal, 19 (3).
- STOFT, S.E. (2002): Power system economics: designing markets for electricity. Ed. IEEE Press, Piscataway, NJ.
- THEIL, H. (1996): Applied economic forecasting. Ed. Amsterdam North Holland Publishing Company, Holland.