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Toward Retail Competition in the Portuguese Electricity Market
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Autores
Orientador(es)
Resumo(s)
Portugal has opened its’ retail electricity market for
new entrants, while removing the burdens for competition among
the supplier and customers’ switching between the electricity
suppliers. The ultimate objective of this liberalization practice is
to sharpen competition in the retail segment of the electricity
market. In this paper, we assess the success of the liberalization
process in the retail sector of the Portuguese electricity market by
studying the customers’ behavior, changes in the retail rates and
the market concentration. Finally, we provide some explanations
for the high switching rates of the customers despite the increase
in the retail rates. We also explain why the retail rates are not
following the changes of the wholesale prices and the reason for
the high market concentration in the retail segment.
Descrição
Palavras-chave
Electricity market Market liberalization Retailer Retail market
Contexto Educativo
Citação
Editora
Institute of Electrical and Electronics Engineers