Publicación: Major Reforms in Electricity Pricing: Evidence from a Quasi-Experiment
Fecha
2021
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Derechos de acceso
info:eu-repo/semantics/openAccess
Título de la revista
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Editor
Oxford University Press
Resumen
The global energy mix and the 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 reformrecently 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
Descripción
The registered version of this article, first published in “The Economic Journal, Volume 132, 2021", is available online at the publisher's website: Oxford University Press, https://doi.org/10.1093/ej/ueab076
La versión registrada de este artículo, publicado por primera vez en “The Economic Journal, Volume 132, 2021", está disponible en línea en el sitio web del editor: Oxford University Pres, https://doi.org/10.1093/ej/ueab076
Categorías UNESCO
Palabras clave
fixed-cost recovery, residential electricity demand, quasi-experiment, two-part tariff
Citación
Xavier Labandeira, José M Labeaga, Jordi J Teixidó, Major Reforms in Electricity Pricing: Evidence from a Quasi-Experiment, The Economic Journal, Volume 132, Issue 644, May 2022, Pages 1517–1541, https://doi.org/10.1093/ej/ueab076
Centro
Facultades y escuelas::Facultad de Ciencias Económicas y Empresariales
Departamento
Teoría Económica y Economía Matemática