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ID109686
Title ProperRegulated electricity retailing in Chile
LanguageENG
AuthorGaletovic, Alexander ;  Munoz, Cristian M
Publication2011.
Summary / Abstract (Note)While some countries have unbundled distribution and retailing, skeptics argue that the physical attributes of electricity make retailers redundant. Instead, it is claimed that passive pass through of wholesale prices plus regulated charges for transmission and distribution suffice for customers to benefit from competitive generation markets.
We review the Chilean experience with regulated retailing and pass through of wholesale prices. We argue that when energy wholesale prices are volatile and prices are stabilized, distortions emerge. Regulated retailers gain little by mitigating or correcting them. On the contrary, sometimes price distortions increase their profits. We estimate the cost of three distortions that neither regulated retailers nor the regulator have shown any interest in correcting.
`In' analytical NoteEnergy Policy Vol. 39, No.10; Oct 2011: p. 6453-6465
Journal SourceEnergy Policy Vol. 39, No.10; Oct 2011: p. 6453-6465
Key WordsRetailing ;  Shortages ;  Smart Meters