Archive for December, 2007
Algunas Asignaturas Pendientes de la Regulación del Sector Eléctrico Español (Unresolved issues in the Restructuring of the Spanish Power Industry), by Paulina Beato and Juan Delgado.
Published in Energía y Regulación. (J.L. García Delgado and J.C. Jiménez, eds.). Aranzadi Civitas. December 2007.
This chapter assesses the current state of electricity regulation in Spain highlighting the main issues which reform is pending in order to achieve a fully competitive and efficient electricity industry. The restructuring of the Spanish power industry has failed to reduce concentration of supply and to incentivise new entry. Separation between generation and distribution is not fully effective. There is still scope to introduce new reforms in the Spanish power regulation in order to promote effective competition by removing distorting regulation, removing obstacles to the entry of new suppliers and creating incentives for rational behaviour of firms and consumers.
A summary version of this chapter is published at Boletín Inflación y Análisis Macroeconómico. Instituto Flores de Lemus. Universidad Calos III de Madrid. January 2007.
EU has gone to Bali with objectives but without strategies, by Juan Delgado
Competitiveness concerns are high on the Bali negotiations. The European Union has put on the table an ambitious agenda committing to reduce emissions by 20 percent (with respect to 1990 levels), increase energy efficiency by 20 percent and increase the share of renewables in energy consumption to 20 percent by 2020. This agenda may however be in conflict with the low carbon competitiveness of EU exports.
by Juan Delgado
The Economics of the Services Directive, by Juan Delgado.
Contratto e Impresa Europa, n. 2, July-December, (2007).
In this paper for Contratto e Impresa, Juan Delgado describes the economic rationale underlying the Services Directive and its potential economic impact. Europe’s services sector is far from reaching its full potential. The Single Market Programme has been effective in removing obstacles to the cross border movement of goods and capital but the services sector has not received much attention. This has resulted in most services being regulated locally and services markets becoming more fragmented.