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



Precio Equilibrio Cournot
(cént. € / KWh)

36,18

16,86

10,28

Produccion Competencia Perfecta
(GWh)

138.917

146.522

159.101

Produccion Equilibrio Cournot
(GWh)_________________________

100.850

106.181

115.744

Ano 2003

b = 0,10

b = 0,25

b = 0,50

Precio Competencia Perfecta
(cént. €/ KWh)

1,82

1,82

1,82

Precio Equilibrio Cournot
(cént. € / KWh)

33,64

14,78

8,91

Produccion Competencia Perfecta
(GWh)

131.775

134.544

146.351

Produccion Equilibrio Cournot
(GWh)_________________________

95.448

97.626

106.359

Ano 2002

b = 0,10

b = 0,25

b = 0,50

Precio Competencia Perfecta
(cént. €/ KWh)

1,60

1,60

1,60

Precio Equilibrio Cournot
(cént. € / KWh)

28,16

12,70

7,56

Produccion Competencia Perfecta
(GWh)

110.749

115.552

123.530

Produccion Equilibrio Cournot
(GWh)_________________________

79.679

83.266

89.246

Ano 2001

b = 0,10

b = 0,25

b = 0,50

Precio Competencia Perfecta
(cént. €/ KWh)

1,76

1,76

1,76

Precio Equilibrio Cournot
(cént. € / KWh)

30,29

13,73

8,20

Produccion Competencia Perfecta
(GWh)

118.589

123.815

132.642

Produccion Equilibrio Cournot
(GWh)_________________________

85.443

89.347

95.860

Ano 2000

b = 0,10

b = 0,25

b = 0,50

Precio Competencia Perfecta
(cént. €/ KWh)

1,80

1,80

1,80

Precio Equilibrio Cournot
(cént. € / KWh)

29,00

13,23

7,99

Produccion Competencia Perfecta
(GWh)

114.766

119.740

128.208

Produccion Equilibrio Cournot
(GWh)_________________________

81.533

85.544

92.176

Elaboracion propia a partir de datos en OMEL (2004), REE (2004) y anos
anteriores, CNE varios anos, Endesa, Iberdrola y Union Fenosa:
Informe de
Sostenibilidad
, varios anos y cuadro 8. Los datos han sido calculados en €/GWh
y en su equivalente en cént. €/KWh.

Las funciones de demanda empleadas son de tipo lineal, D(p) = A- bp, donde b
es la pendiente de la elasticidad de la demanda y A un parametro constante a
estimar en funcion de los costes marginales de las compamas.

73



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