Electricity output in Spain: Economic analysis of the activity after liberalization



Coste Marginal
Union Fenosa 2003

Capacidad Acumulada (MW)

Coste Marginal
Union Fenosa 2002

Coste Marginal
Union Fenosa 2000-2004

Cuadro 9

Simulacion Modelo de Cournot vs. Competencia Perfecta

Periodo 2000 - 2004

Elasticidad de la Demanda

Afto 2004                          b = 0,10          b = 0,25

b = 0,50

Precio Competencia Perfecta

(cént. €/ KWh)                                 2,51                   2,51

2,51

72



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