Market power versus regulatory power in the Spanish electricity system, 1973–1996

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• 作者：Josean Garrué ; s-Irurzun
• 关键词：Energy policy ; Economics of regulation ; Electric utilities ; Europe ; Restructuring ; Business history
• 刊名：Renewable and Sustainable Energy Reviews
• 出版年：2010
• 出版时间：February 2010
• 年：2010
• 卷：14
• 期：2
• 页码：655-666
• 全文大小：206 K

文摘

This study not only establishes that the institutional changes (the change of political regime) and economic changes (the energy crisis) that occurred during the 70s and 80s had an important effect on business strategies within the Spanish electricity sector, but, above all, it shows how the resulting regulatory model was not the product of any clearly defined plan on the part of the Spanish authorities (as the majority of authors seem to implicitly or explicitly maintain), but rather it arose from the dialectical interaction between companies which resisted losing the power of the market, and institutions which, in order to define any medium term energy policy in the future European domestic electricity market, required an increase in their regulatory power.