This paper presents an assessment of the impact of the Kyoto Protocol on the Iberian Electricity Market during two periods: the first phase (2005-2007) and the second phase (2008-2012). A market-equilibrium model is used in order to analyze different conditions faced by generation companies....

El Real Decreto 222/2008 estableció un nuevo modelo retributivo para la actividad de la distribución de la energía eléctrica en España. En esta normativa se contempla la utilización de un modelo de red para fijar algunos de los parámetros que intervienen en la fórmula retributiva de cada...

This paper presents a general electricity tariff design methodology, especially applicable for transition economies. These countries are trying to modernize their power systems from a centralized environment (with normally, a public vertically integrated electric company) to a liberalized...

Purpose – The purpose of this paper is to analyze medium‐term risks faced by electrical generation companies in competitive environments. Market risks faced by generation companies are caused by several variables subject to uncertainty. Hydro conditions, fuel (coal and natural gas) prices,...