Traditional Electricity Systems in Spain: Fensa (1927-1991)

Garrués-Irurzun, Josean

doi:10.1017/s0212610912000079

Cited by 4 publications

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References 13 publications

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“…Over and above whether the state, with these measures, did or did not assume control of the regulation of electricity supply and whether, as a consequence, the electricity business was no longer a completely free activity, what is certain is that the Administration did not extend its regulatory power beyond those aspects mentioned, and if it did, it did so in a lax manner. In relation to this latter aspect, the system of tariffs that was implemented did not establish a homogeneous methodology of fixing the maximum tariff across the whole country as could occur in other nations with systems of rate of return or price cap, resulting in each company setting different tariffs in accordance with multiple factors [18,19]. The action that really would have permitted the state to exercise more directly a decisive influence over regulation in the Spanish electricity sector would have been the construction and management (publicly or privately) of an electricity network that connected the main centres of production and consumption throughout the country.…”

Section: The Techniques Of Organization Of the Electricity Activities...mentioning

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The Regulation of the Spanish Electricity Sector: A Long Way to Convergence

Garrués-Irurzun

2022

Energies

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The regulation of the electricity sector, in general and in the particular case of Spain, has been brilliantly analysed by economists and contemporary jurists placing the emphasis, preferably, on economic efficiency and social justice. This article, based on the writings of economic historians in recent years, has as its objective to shed light on the logic to regulatory changes in Spain. Exactly as has been done for other countries, the explanation of factors and of the characteristics of this regulatory change, without doubt, will contribute to the understanding of its special nature within the overall international panorama, as well as a better understanding of the contributions of other previous and future works from different perspectives of analysis. The conclusions on the historical construction of the regulation of the electricity industry until the twentieth century allow us to define four big stages, deeply conditioned by their political regimes and the economic circumstances of the country, as well as by the unequal importance of economic agents in the taking of decisions: powerful energy companies, weak governments, and a complete lack of consumer input.

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Section: The Techniques Of Organization Of the Electricity Activities...mentioning

confidence: 99%

The Regulation of the Spanish Electricity Sector: A Long Way to Convergence

Garrués-Irurzun

2022

Energies

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Global strategies, differing experiences. Electricity companies in two late-industrialising countries: Spain and Argentina, 1890–1950

Lanciotti

Bartolomé

2013

Business History

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The article compares the performance and profitability rates of electric utility firms in Spain and Argentina from the early period of global electrification to the period following World War 2. It aims to analyse the relationship between the investment strategies of international electricity companies and local conditions in two lateindustrialising countries, and evaluate its impact on the structure and development of both electric utility systems. The study finds similar long-term trends in profitability as a result of the global strategies of multinational holding companies; nonetheless profitability rates varied greatly from one country to another. Rates were higher in Argentina as foreign firms controlled large systems in most dynamic urban areas. In contrast, the increasing investment of local firms in electric utilities paved the way to a less profitable but more equitable electricity system in Spain.

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Strategies of international financial capitalism and the integration of the Spanish electricity system: the Levantine coast

Irurzun

Mateos

2021

RHI-IHR

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Among the national varieties of investment employed in European electricity development, Spanish studies have focused on the strategies of large electricity companies based in mature electricity markets, such as Catalonia or Madrid, but only in traditional electricity systems, such as the Levantine. The purpose of this article is to answer the following question: What impact did foreign investment have on the configuration of the Levantine/Spanish electricity systems during the interwar period? The article concludes that, compared to the theoretical model of local monopolies applied generically to the Spanish case, the second wave of international investment not only accelerated the process of integration of the Levantine electricity market, but had a significant impact, due to the defensive attitude of the Spanish electricity-financial lobby, on the dynamics (competitive/oligopolistic) of regional electricity systems in Spain.

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Traditional Electricity Systems in Spain: Fensa (1927-1991)

Cited by 4 publications

References 13 publications

The Regulation of the Spanish Electricity Sector: A Long Way to Convergence

The Regulation of the Spanish Electricity Sector: A Long Way to Convergence

Global strategies, differing experiences. Electricity companies in two late-industrialising countries: Spain and Argentina, 1890–1950

Strategies of international financial capitalism and the integration of the Spanish electricity system: the Levantine coast

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