Power market: effects of the imperfect competition.

Abstract

In the current technological and economic frame the market of the electrical power [JANE05]1 is defined in the practice as a prototype of Natural Monopoly in spite of the attempts of intervention put into practice in Spain. The attempt of promotion (Board 2001/77/CE of the European Parliament and of the Advice, of September 27, 2001) of the electricity generated from renewable sources of energy in the domestic market of the electricity2 is defined as one of the policy ones of intervention faced to compensate the imperfection of the competition across the support to the establishment of new companies that act on monopolistic markets across the authorization of subsidies and/or financial and fiscal facility.

The present document tackles the definition of the most significant aspects of the market of the electrical energy from the perspective of the same one as a natural monopoly and the quantification in relative terms of the loss of social well-being in environments of imperfection of the competition and mistakes of the market.

The proposed conclusions define a critical stage with the current state of design of strategic and operative plans and an inefficient politics of innovation and development.