Go top
Paper information

Impacts of the european emissions trading scheme directive and permit assignment methods on the Spanish electricity sector

P. Linares, F.J. Santos, M. Ventosa, L. Lapiedra

This paper assesses the economic impact of the European Emissions Trading Scheme Directive on the Spanish electricity sector. Although some other studies have been carried out before, our approach uses a more detailed model for the Spanish electricity sector, which provides more realistic results both for the expected price of the carbon allowance and for the evolution of electricity prices, installed power and firms’ revenues in Spain. Results show that the implementation of the Directive will result in a significant increase of electricity prices, and also, due to the Spanish pricing system, in a large increase in the revenues of generating firms, unless the regulator intervenes. Results also show the different implications of different assignment methods. This is especially relevant currently given that most European countries are approving their national assignment plans for 2005-07 and have to revise them for 2008.

Keywords: Emissions trading, electricity market, Spain, ETS, assignment plans,

Energy Journal. Volume: 27 Issue: 1 Pages: 79-98

JCR Impact Factor and Scopus quartile: 1.038 (2006); 2.132 - Q1 (2017).

DOI reference: DOI icon 10.5547/ISSN0195-6574-EJ-Vol27-No1-5    

Published on paper: January 2006.

    Topics research:
  • *Analysis of sustainable energy policies
  • *Medium-term tactical planning

PDF  Preview
Request Request the author to send the document

Aviso legal  |  Política de cookies |  Política de Privacidad

© Universidad Pontificia Comillas, Escuela Técnica Superior de Ingeniería - ICAI, Instituto de Investigación Tecnológica

Calle de Santa Cruz de Marcenado, 26 - 28015 Madrid, España - Tel: (+34) 91 5422 800