Major Reforms in Electricity Pricing: Evidence from a Quasi-Experiment

Autor:	José María Labeaga Azcona, Xavier Labandeira Villot, Jordi Teixidó-Figueras
Rok vydání:	2021
Předmět:	Microeconomics Economics and Econometrics Prices policy Electricity pricing Energia elèctrica Economics Política energètica Política de preus Electric power Energy policy Quasi-experiment
Zdroj:	Dipòsit Digital de la UB Universidad de Barcelona
ISSN:	1468-0297 0013-0133
DOI:	10.1093/ej/ueab076
Popis:	The global energy mix and cost structure of the power industry are experiencing a redefinition. Many countries are revamping electricity-pricing systems to guarantee fixed-cost recovery, often by raising the fixed charge of two-part tariff schemes. However, a key assumption of two-part tariff schemes and associated fixed-cost recoveries is that consumers discriminate fixed from marginal costs. We conduct a quasi-experiment with data from a major electricity price reform recently implemented in Spain and find robust evidence indicating that consumers fail to distinguish between fixed and marginal costs. As a result, policymakers are not achieving the goal of cost recovery.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::e398523f33af1509719c3235be402b73 https://doi.org/10.1093/ej/ueab076 Zobrazit plný text záznamu