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ID:
175895
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| Summary/Abstract |
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.
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| 2 |
ID:
126799
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2014.
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| Summary/Abstract |
Forty years ago, the world experienced the "first oil shock". Back then the world had just ended a period of strong economic growth in the developed world, with rising US oil imports, and began a period of turbulence in the price of oil and for many national economies. Back then (as now) it was recognised that oil price rises might snuff out economic recovery. Drawing on the names of the scenarios which Shell's planners introduced at that time, we were passing through "The Rapids" and about to enter a "World of Internal Contradictions", in recent years there have again been many indicators of a "World of Internal Contradictions". and with the financial crisis and turbulence in oil markets those of "The Rapids" too. This issue is therefore timely, as many of those earlier challenges are still with us.
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