ECONOMIC AND ENVIRONMENTAL IMPACT OF THE ENERGY EFFICIENCY PLAN OF THE CITY OF BILBAO, by Juan Delgado, Ibon Galarraga, Mikel González and Josu Lucas
DYNA Energía y Sostenibilidad, January 2015, vol. 4, no. 1, p.1-8.
Energy efficiency programmes aim to rationalize energy consumption and reduce carbon emissions. In the past 10 years an increasing number of cities and regions have developed efficiency plans. Energy efficiency programmes generally require new upfront investments in more efficient infrastructure and equipment which are offset by lower recurring energy costs. This paper analyses the economic and (direct and indirect) environmental effects of an energy efficiency plan based on a real case study in the city of Bilbao. Our analysis strives to differentiate between new and additional measures included in the plan and those that would have been implemented in any case, and to take into account alternative uses of the funds allocated to the programme. These issues are critical in understanding the real economic and environmental effects of such plans and to avoid double accounting for multiplicatier effects.
(Earlier version at IESE Business School. Public-Private Sector Research Center. Occasional Paper OP-259-E, Rev. 4/2014).
Op-ed (In Spanish): El segundo dividendo digital y la gestión eficiente del espectro. Competition Policy International, 24 March 2015.
“Under the current uncertainty about future spectrum demand and given the high costs involved by releasing frequencies from broadcasting to mobile broadband, adopting early decisions on the reallocation of the 700 MHz band might not necessarily lead to a more efficient outcome,” concludes Juan Delgado in the article “Reallocating the spectrum: Should we do it?”.
El buen regulador no habla español (The good regulator doesn’t speak Spanish), by Juan Delgado.
Alternativas Económicas, November 2014.
The recent merger in Spain of the antitrust agency and several industry regulators into one single agency poses several questions on institutional design. This op-ed assesses the new institution in relation to the international best-practices.
Interactions Between Climate Policies in the Power Sector, by Paulina Beato and Juan Delgado
Published in “Green Energy and Efficiency: An Economic Perspective“. A. Ansuátegi, J. Delgado and I. Galarraga (eds.). Ed. Springer, 2014.
For the purpose of limiting global temperature increases, governments have designed a broad range of policy instruments in order to reduce carbon emissions such as carbon taxes, carbon markets and renewable energy support policies. Although such instruments aim to serve the same purpose, they are rarely fine-tuned to guarantee their consistency. Carbon markets are in theory the most efficient instrument to reduce emissions. The use of other instruments is justified under the presence of circumstances that undermine the effectiveness of carbon markets such as market design flaws or innovation externalities. In such cases, the optimal climate policy mix should be carefully designed to take into account the potential interactions between policy instruments.
Green Energy and Efficiency: An Economic Perspective. A. Ansuátegi, J. Delgado and I. Galarraga (eds.). Ed. Springer, 2014.
Energy efficiency technologies represent a key driver for the reduction of energy demand through a more efficient use of energy. The progressive switch to green sources of energy allows using the same amount of energy while reducing carbon emissions. The combination of measures to increase the efficient use of energy and to switch to cleaner sources of energy allows reducing energy demand and reducing the emissions per unit of energy produced. Energy efficiency and the development of alternative sources of clean energy are key elements for the attainment of global climate objectives. The cost and effectiveness of efficiency measures and of the transition to a greener energy world is not however absent of controversy.
This book presents up-to-date research on the economics of green energy and energy efficiency from a variety of perspectives, from a general overview of the economics of green energy and efficiency to the detailed analysis of specific policies and investment decisions.
Integrating Regulatory and Antitrust Powers: Does It Work? Case Studies from Spain and Mexico by Juan Delgado and Elisa Mariscal
Published in Competition Policy International – CPI Journal, Vol. 10, No. 1, Spring 2014
There are a wide variety of possible structures for regulatory regimes in countries. This article focuses on the analysis of multi-purpose regulators that combine regulatory and antitrust powers, such as the Mexican IFT and Cofece, as well as the Spanish CNMC. We focus on institutional design, review the existing literature on the pros and cons of single-purpose vs. multi-purpose regulators, and use the new Spanish and the Mexican institutional settings to contrast how such pros and cons are designed to operate on paper and how they do so in real life. Our goal is to look for evidence, at the very initial stage of the reforms in both these countries, of whether these countries are moving closer to a rule of law equilibrium.
Estimación de daños derivados de la existencia de un cártel: análisis de las Sentencias Acor y Ebro Foods by Juan Delgado and José Antonio García
Published in “Spain Arbitration Review” (No. 20, 2014)
The possibility to claim damages caused by infringements of competition law is recognized both by the Spanish and European legislations. However, despite of the increasing anticartel activity of the Spanish Competition Authority, antitrust damage actions are rare in Spain. A recent decision by the Spanish Supreme Court against the sugar manufacturer Ebro Foods for damages caused by a cartel in the sugar market partially corrects misconceptions of preceding judicial decisions on the methodology to calculate damages. This article uses the Ebro Foods decision to present an appropriate economic framework for the determination of damages caused by antitrust infringements.