| ID | 175895 |
| Title Proper | Industrial electricity prices in Spain |
| Other Title Information | a discussion in the context of the European internal energy market |
| Language | ENG |
| Author | JavierSerrano GonzálezaCésarÁlvarez Alonsob ; Gonzáleza, JavierSerrano ; Alonsob, CésarÁlvarez |
| Summary / Abstract (Note) | This paper analyses the current state of electricity prices for large industrial consumers in Spain and compares the regulatory framework with other main industrial countries in Europe. The cost of electrical energy is a key factor in a country's industrial competitiveness. In a regulatory context shaped by the new European regulation of the internal electricity market in Europe, it would be expected that electricity prices in the Member States will converge in the long term, reaching similar values throughout the European Union. However, the limited electricity interconnection capacity in the case of some countries, such as Spain, means that electricity market prices are higher than in many Member States. This means that electricity-consuming industries face problems of competitiveness due to their higher energy bill costs. This paper focuses on the current situation for large industrial consumers in Spain, studying the main causes of the differences with other European countries, as well as analysing the various support mechanisms that have been implemented at both the national and European levels. This study also discusses the future prospects and possible solutions and recommendations for energy policy to promote the competitiveness of large industry in Spain within the context of a single European market. |
| `In' analytical Note | Energy Policy Vol. 148 PA, Jan 2021 : p.111930 |
| Journal Source | Energy Policy 2021-01 148 PA, JAN |
| Key Words | Electricity Prices ; Internal Energy Market ; Energy Competitiveness ; Electro-Intensive Industries |