Iberian Electricity Sector

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Iberian Electricity Sector

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Author : Agustín García
language : en
Publisher:
Release Date : 2017

Iberian Electricity Sector written by Agustín García and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Electric power production categories.

The Iberian Electricity Market Mibel

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Author : Alexandra Amaro
language : en
Publisher:
Release Date : 2004

The Iberian Electricity Market Mibel written by Alexandra Amaro and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.

Short Term Bidding Strategies For A Generation Company In The Iberian Electricity Market

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Author : Cristina Corchero García
language : en
Publisher:
Release Date : 2011

Short Term Bidding Strategies For A Generation Company In The Iberian Electricity Market written by Cristina Corchero García and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.

Energy Policies Of Iea Countries

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Author :
language : en
Publisher:
Release Date : 2009

Energy Policies Of Iea Countries written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Energy conservation categories.

Energy Policies Of Iea Countries Spain 2005 Review

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Author :
language : en
Publisher: OECD/IEA
Release Date : 2005

Energy Policies Of Iea Countries Spain 2005 Review written by and has been published by OECD/IEA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Electronic books categories.

The Spanish energy sector has undergone many positive changes during the last years. These include greater use of gas and renewables in power generation and further energy market reforms. Notwithstanding all these positive developments, the Spanish energy sector will face a number of challenges in the future. Meeting its Kyoto target will be difficult for Spain because emissions increased by 39% between 1990 and 2002. While Spain has developed an energy efficiency strategy, its implementation is delayed. Feed-in tariffs have been the primary tool to promote renewable electricity and have delivered impressive growth rates for wind generation. Nevertheless, the government should ensure that the system to promote renewables is cost-effective. Spain has had great success in fostering the fastest growing natural gas market within the EU. This requires substantial infrastructure investments in the future. The liberalisation of the electricity sector started in the mid 1990s. It should now be revised in order to achieve higher efficiency. This will be obtained mainly through better transparency. Weak cross-border electricity interconnections and trade tend to isolate Spain and lead to inefficiency. This situation also carries risks for security of supply with increasing energy demand and limits the role of competition. The introduction of the Iberian energy market MIBEL will help to create a stronger base for the market. Spain will have to invest in gas storage and stronger electricity interconnections to ensure security of supply.

The Impact Of Intermittent Power Generation On The Wholesale Electricity Prices Of The Mibel Iberian Market

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Author : Paulo Pereira da Silva
language : en
Publisher:
Release Date : 2018

The Impact Of Intermittent Power Generation On The Wholesale Electricity Prices Of The Mibel Iberian Market written by Paulo Pereira da Silva and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.

By means of regression analysis, we address the price impact of intermittent renewable energy sources (wind, solar and waves) for the Mibel Iberian Market (Portugal and Spain) during the period spanning from 2010 to 2015. Our results suggest that: i) intermittent renewable energy has a material negative effect on electricity price; ii) the merit-order effect varies depending on the technology employed: wind power appears to produce a greater impact on price vis-à-vis solar photovoltaic energy; iii) there is no evidence corroborating the idea that the impact of intermittent renewable electricity penetration is declining over time; and iv) the market coupling with France, in effect since May 2014, led to a decrease in the sensitivity of price to intermittent renewable energy production. Our results are useful for risk management purposes and to support policy-makers and utilities in defining the optimal generation mix.

The Economic Effects Of The Iberian Exception

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Author : Miguel Haro Ruiz
language : en
Publisher:
Release Date : 2023

The Economic Effects Of The Iberian Exception written by Miguel Haro Ruiz and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.

Regulation And Investments In Energy Markets

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Author : Alessandro Rubino
language : en
Publisher: Academic Press
Release Date : 2015-12-02

Regulation And Investments In Energy Markets written by Alessandro Rubino and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-12-02 with Technology & Engineering categories.

Regulation & Investments in Energy Markets: Solutions for the Mediterranean presents the status of advancement and maturity of the Mediterranean energy policy, identifying patterns of development as well as lessons learned. Mediterranean countries are facing unprecedented challenges in the energy sector which affect the entire region. Energy policy and regulation is the key to tackling energy efficiency challenges, and providing favorable conditions for engineering infrastructures, investments, and improving security of energy supply. The assumption that the normative model, on which the EC energy policy is based, could be adopted outside EU boundaries has proven to be difficult to implement. This book looks at the Mediterranean regions search for a revised model for regulatory convergence and provides answers to those research questions, allowing the reader to understand the different technical, institutional, and financial frameworks for energy policy. Contains a detailed overview of the specificities and institutional frameworks, giving greater clarity on existing energy practice Provides recommendations and contributions from leading scholars and key players in energy policy research Presents information from a region wide interdisciplinary approach based on specific industry information

Market Integration And The Persistence Of Electricity Prices

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Author : João Pedro Pereira
language : en
Publisher:
Release Date : 2018

Market Integration And The Persistence Of Electricity Prices written by João Pedro Pereira and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.

There is an ongoing trend of deregulation and integration of electricity markets in Europe and North America. This change in market structure has naturally affected the interaction between agents and has contributed to an increasing commoditization of electric power. This paper focuses on one specific market, the Iberian Electricity Market (MIBEL). In particular, we assess the persistence of electricity prices in the Iberian market and test whether it has changed over time. We consider each hour of the day separately, that is, we analyze 24 time-series of day-ahead hourly prices for Portugal and another 24 series for Spain. We find results consistent with the hypothesis that market integration leads to a decrease in the persistence of the price process. More precisely, the tests detect a break in the memory parameter of most price series around the year 2009, which coincides with a significant increase in the integration of the Portuguese and Spanish markets. The results reinforce the view that market integration has an impact on the dynamics of electricity prices.

The Iberian Exception

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Author : David Robinson
language : en
Publisher:
Release Date : 2023

The Iberian Exception written by David Robinson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.

This paper by David Robinson, Angel Arcos, Michael Tennican and Fernando Núnez offers an independent assessment of certain key economic effects of the Iberian Exception (IE), the common name for legal measures affecting the Iberian power market that were introduced in June 2022 by the Spanish and Portuguese governments. The governments' stated aim was to reduce the major component of electricity prices for many Iberian consumers, a component which was indexed to Iberian wholesale power market spot prices that were rising alarmingly due to extremely tight international markets for natural gas. According to the Iberian governments, this objective was to be attained by terms of the IE that subsidize a reduction in wholesale power market prices, with the subsidy financed in part by a new element added to the bills of consumers benefiting from that wholesale price reduction. Another Spanish governmental aim was to reduce the Government's published measure of inflation, which was linked to a regulated retail price indexed to Iberian wholesale spot power market prices. The Spanish Government maintains that, during its first 100 days, the IE provided substantial benefits for consumers affected by the IE, which included over 10 million small consumers as well as many large ones. However, the authors of this study question that view. We argue that the effect of the IE on retail prices depends critically on the assumptions about what would have occurred in the absence of the IE, that is, in a counterfactual scenario. The Government's counterfactual methodology ignores demand elasticity in Iberia and in France, and this inflates their estimate of immediate consumer benefits. Using hourly data on the wholesale electricity market for the first 100 days of the IE, this paper's analysis of alternative counterfactuals that reflect the effects of demand elasticity shows substantially lower benefits of the IE for consumers than the Spanish Government methodology suggests. The analysis here suggests that affected consumers could have paid somewhat less for the energy component of their electricity bills in the first 100 days of the IE, had it not been introduced. We also identify several other potential short- and long-term effects of the IE that deserve further study. These include increased margins for fossil-fired generators, reduced margins for some decarbonized inframarginal plant, heightened investor perceptions of regulatory risk, weakened incentives for efficient consumption, and higher carbon emissions and gas prices.