Labandeira, XavierLabeaga Azcona, José MaríaTeixidó, Jordi J2025-01-242025-01-242021Xavier 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/ueab0760013-0133 | eISSN 1468-0297https://doi.org/10.1093/ej/ueab076https://hdl.handle.net/20.500.14468/25494The 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/ueab076The 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 recoveryeninfo:eu-repo/semantics/openAccess53 Ciencias Económicasartículofixed-cost recoveryresidential electricity demandquasi-experimenttwo-part tariff