Efectos a corto plazo del cierre de las centrales térmicas de carbón en el mercado eléctrico español

Abstract

This article analyses the effect of the closure of the Spanish coal-fired power stations on the price and quantity of energy sold in the daily electricity market. The comparative statics analysis is based on the hourly data of energy offer and demand bids published by the OMIE (Operator of the Iberian Energy Market) and made by the participants in the daily electricity market during the year 2018. Our analysis does not require any simulation of the market supply and demand curves, since they are obtained by aggregation using real data from the wholesale market. The main conclusion of our analysis is that, after the closure of the coal-fired stations, the hourly price of energy would increase 12,06% on average while the average amount of energy would decrease 2,57%.