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Title: Major Reforms in Electricity Pricing: Evidence from a Quasiexperiment
Author: Labandeira Villot, Xavier
Labeaga Azcona, José María
Teixidó-Figueras, Jordi
Keywords: Política energètica
Política de preus
Energia elèctrica
Energy policy
Prices policy
Electric power
Issue Date: 2018
Publisher: Universitat de Barcelona. Facultat d'Economia i Empresa
Series/Report no: [WP E-IR18/28]
Abstract: The global energy mix is being redefined, and with it the power industry’s cost structure. In many countries, electricity-pricing systems are being revamped so as to guarantee fixed-cost recovery, often by raising the fixed charge of two-part tariff (TPT) schemes. However, consumer misperception of TPTs threatens to undermine the policy’s outcome and puts the sector’s much-needed transformation in jeopardy. We conduct a quasi-experiment with data from a major electricity price reform recently implemented in Spain and find robust evidence that consumers are failing to distinguish between fixed and marginal costs. As a result, the policy goal of cost recovery is not being achieved
Note: Reproducció del document publicat a:
It is part of: IREA – Working Papers, 2018, IR18/28
Appears in Collections:Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA))

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