气候变化领域集成服务门户(CCPortal): The effect of retail price regulation on the wholesale price of electricity

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DOI	10.1016/j.enpol.2022.113408
	The effect of retail price regulation on the wholesale price of electricity
	Perez, Jose E. Castro; Flores, Daniel
发表日期	2023
ISSN	0301-4215
EISSN	1873-6777
卷号	173 页码:10
英文摘要	In this article, we study-both theoretically and empirically-the effects of changes in the regulated retail price of electricity on the unregulated wholesale price. We develop a relatively general supply and demand model that includes both regulated and unregulated market demands. We find that a reduction (or an increase) of the regulated price leads to an increase (a reduction) in the wholesale price. Moreover, we use a regression discontinuity approach to estimate the effect of the residential summer tariff-which generates a large reduction in the regulated retail price-over the wholesale price of electricity in Monterrey, Mexico. We find that the elasticity of the wholesale electricity price with respect to the regulated retail price was around-1 before the pandemic. Nevertheless, the most recent estimate is around-0.26. Because these figures are not negligible, authorities should consider the interdependence of retail and wholesale markets when changing the regulated retail price.
英文关键词	Electricity; Wholesale; Price regulation; Retail
学科领域	Economics; Energy & Fuels; Environmental Sciences; Environmental Studies
语种	英语
WOS研究方向	Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology
WOS记录号	WOS:000913017300001
来源期刊	ENERGY POLICY
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/272262
作者单位	Universidad Autonoma de Nuevo Leon
推荐引用方式 GB/T 7714	Perez, Jose E. Castro,Flores, Daniel. The effect of retail price regulation on the wholesale price of electricity[J],2023,173:10.
APA	Perez, Jose E. Castro,&Flores, Daniel.(2023).The effect of retail price regulation on the wholesale price of electricity.ENERGY POLICY,173,10.
MLA	Perez, Jose E. Castro,et al."The effect of retail price regulation on the wholesale price of electricity".ENERGY POLICY 173(2023):10.