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Precios Eléctricos Flexibles

Author

Listed:
  • Juan Pablo Montero

    (Instituto de Economía)

  • Hugh Rudnick

Abstract

One of the critiques to the regulatory framework of the Chilean electricity sector is the lack of flexibility for regulated prices (nodal prices) to adapt to changes in supply and demand. We develop a simple model to estimate welfare losses when using uni

Suggested Citation

  • Juan Pablo Montero & Hugh Rudnick, 2001. "Precios Eléctricos Flexibles," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 38(113), pages 91-109.
    • Handle: RePEc:ioe:cuadec:v:38:y:2001:i:113:p:91-109
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    File URL: http://www.economia.uc.cl/docs/113monta.pdf
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    References listed on IDEAS

    as
    1. Hsing, Yu, 1994. "Estimation of residential demand for electricity with the cross-sectionally correlated and time-wise autoregressive model," Resource and Energy Economics, Elsevier, vol. 16(3), pages 255-263, August.
    2. Hendrik S. Houthakker, 1980. "Residential Electricity Revisited," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1).
    3. Carlos Díaz & Alexander Galetovic & Raimundo Soto, "undated". "Anatomía de una Crísis Eléctrica," ILADES-UAH Working Papers inv122, Universidad Alberto Hurtado/School of Economics and Business.
    4. Thomas N. Taylor & Peter M. Schwarz, 1990. "The Long-Run Effects of a Time-of-Use Demand Charge," RAND Journal of Economics, The RAND Corporation, vol. 21(3), pages 431-445, Autumn.
    5. Severin Borenstein & James Bushnell & Frank Wolak, 2000. "Diagnosing Market Power in California's Restructured Wholesale Electricity Market," NBER Working Papers 7868, National Bureau of Economic Research, Inc.
    6. Barnes, Roberta & Gillingham, Robert & Hagemann, Robert, 1981. "The Short-run Residential Demand for Electricity," The Review of Economics and Statistics, MIT Press, vol. 63(4), pages 541-552, November.
    7. S. Baranzoni & P. Bianchi & L. Lambertini, 2000. "Multiproduct Firms, Product Differentiation, and Market Structure," Working Papers 368, Dipartimento Scienze Economiche, Universita' di Bologna.
    8. Gabriel Fierro & Pablo Serra, 1993. "Un Modelo de Estimación del Costo de Falla: el Caso de Chile," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 30(90), pages 247-260.
    9. Rómulo Chumacero & Ricardo Paredes & José Miguel Sánchez, 2000. "Regulación para Crisis de Abastecimiento: Lecciones del Racionamiento Eléctrico en Chile," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 37(111), pages 323-338.
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    Citations

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    Cited by:

    1. Alexander Galetovic & Juan Carlos Olmedo & Humberto Soto, 2002. "Una estimación del costo social de eliminar los déficit de abastecimiento eléctrico en el SIC," Documentos de Trabajo 129, Centro de Economía Aplicada, Universidad de Chile.
    2. Alexander Galetovic & Juan Ricardo Inostroza & Cristián Marcelo Muñoz, 2004. "Gas y Electricidad: ¿qué hacer ahora? (Gas and electricity: What should we do now?)," Documentos de Trabajo 198, Centro de Economía Aplicada, Universidad de Chile.
    3. Juan Pablo Montero & Salvador Valdés, 2004. "Notas para una Regulación Eficiente de la Transmisión Eléctrica," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 41(123), pages 255-283.

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    More about this item

    Keywords

    Electricity pricing; electricity prices; regulation;
    All these keywords.

    JEL classification:

    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities

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