Autore: Blazquez de Paz, Mario
Titolo: Production or transmission investments? A comparative analysis
Periodico: Economia e politica industriale
Anno: 2024 - Volume: 51 - Fascicolo: 4 - Pagina iniziale: 957 - Pagina finale: 1000

The European electricity market is moving towards and integration process, and to facilitate that integration and the flow of electricity in that market, the European Transmission System Operator proposes different investments in transmission and production capacities. I develop a model of imperfect competition to study those investments, and I identity the economic forces that determine the equilibrium price and the flow of electricity: the size and the competitive effects. I prove formally when those forces operate simultaneously or independently, and how they determine consumers' surplus and suppliers' profits. I prove that an investment in transmission capacity outperforms an investment in production capacity by maximizing consumers' welfare, but the performance in terms of suppliers' profits is ambiguous.




SICI: 0391-2078(2024)51:4<957:POTIAC>2.0.ZU;2-C

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