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http://hdl.handle.net/2445/185932
Title: | Major Reforms in Electricity Pricing: Evidence from a Quasi-Experiment |
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: | 22-May-2022 |
Publisher: | Oxford University Press |
Abstract: | 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 |
Note: | Versió postprint del document publicat a: https://doi.org/10.1093/ej/ueab076 |
It is part of: | The Economic Journal, 2022, vol. 132, num. 644, p. 1517-1541 |
URI: | http://hdl.handle.net/2445/185932 |
Related resource: | https://doi.org/10.1093/ej/ueab076 |
ISSN: | 0013-0133 |
Appears in Collections: | Articles publicats en revistes (Econometria, Estadística i Economia Aplicada) |
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Document embargat fins el 22-5-2024
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