{slide=R&D in the Energy Sector}

This line of research examines entrepreneurial commitment to R+D and its degree of technological innovation, through an analysis of the firms involved and of the relations between market structure, regulation and innovation. The methodology applied will involve the creation and specification of the corresponding models and their estimation using contributions from the new empirical industrial economics.

Publications and work in progress:

• Costa-Campi, M. T., Duch-Brown, N., & García-Quevedo, J. (2014). R&D drivers and obstacles to innovation in the energy industry. Energy Economics, 46, 20-30.
• Costa-Campi, M. T., García-Quevedo, J., & Segarra, A. (2015). Energy efficiency determinants: An empirical analysis of Spanish innovative firms. Energy Policy, 83, 229-239.
• Duch-Brown, N., & Costa-Campi, M. T. (2015). The diffusion of patented oil and gas technology with environmental uses: A forward patent citation analysis. Energy Policy, 83, 267-276.
• Costa-Campi, M. T., García-Quevedo, J., & Trujillo-Baute, E. (2015). Challenges for R&D and innovation in energy. Energy Policy, 83, 193-196.
• Costa-Campi, M. T., Duch-Brown, N., & García-Quevedo, J. Innovation strategies of energy firms. Work in progress.
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{slide=Energy and Environment}

There is a global concern about the rise of greenhouse gas emissions and their impact on Climate Change. Considering that the power sector is responsible of one of the highest share of these emissions justifies the greater attention being paid to environmental issues within the sector. This research focuses on the study of possible actions regarding the supply and demand side of the sector attaining objectives as climate change mitigation and environmental policy. This topic will also focus on investment and costs of emissions.

Publications and work in progress:

•  
• Costa-Campi, M. T., García-Quevedo, J., & Martínez-Ros, E. (2015). What determines the Investment in Environmental Innovation? Work in progress.
• Davi, D., Sanin, M. E., & Trujillo-Baute, E. CO2 Content of energy losses. Work in progress.

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{slide=Energy Markets}

Competitive wholesale and retail energy markets face mayor challenges in the context of ever increasingly more decarbonized and integrated systems. This research topic is devoted to the analysis of the wholesale and retail effects of the increasing penetration of renewables, the provision of flexibility required to face intermittency from both reliability and adequacy perspectives, and the evolving integration of national and supranational markets.  

Publications and work in progress:

• Costa-Campi, M. T., & Trujillo-Baute, E. (2015). Retail price effects of feed-in tariff regulation. Energy Economics, 51, 157-165.
• Batalla-Bejarano, J., & Trujillo-Baute, E. Impacts of intermittent renewable generation on electricity system costs. Forthcoming Energy Policy.
• Costa-Campi, M. T., Paniagua, J., & Trujillo-Baute, E. Are energy markets integrations a green light for FDI? Submitted.
• Batalla-Bejarano, J., & Trujillo-Baute, E. Operational Costs of the Spanish Electricity System: A Demand or Supply Effect? Submitted.
• Costa-Campi, M. T., Giulietti, M., & Trujillo-Baute, E. EU Energy Policy: The Role of Markets and Regulation. Work in progress.
• Kilic, M., & Trujillo-Baute, E. The stabilizing effect of hydro reservoir levels on intraday power prices under wind forecast errors. Work in progress.

{/slide}

{slide=Networks}

Current network segments of the sector need to deal with new conditions that have arisen as a consequence of the mayor changes which occurred during the past decades, both within the networks and in liberalized activities. Moving from a passive role to a more active function, the networks have acquired an increasing relevance when providing continuous stability to the system. This research is oriented to the study of transmission and distribution networks, as isolated components and as integrated parts of the system that are affected by and influence the rest of the sector.

Publications and work in progress:

• Costa-Campi, M. T., Davi, D., & Trujillo-Baute, E. The economic impact of electricity losses in Spain. Work in progress
• Batalla-Bejerano, J., Paniagua, J., & Trujillo-Baute, E. Interconnection flows and market mechanism. Work in progress.

{/slide}

{slide=Power Sector Regulation}

Within the context of a sector where liberalized and regulated activities coexist, analysing the effect of regulatory and policy changes is crucial for a better understanding of their implications. This research involves the ex-ante and ex-post evaluation of the impact exerted by regulations and policies in the power sector, with special attention paid to the welfare consequences.

Publications and work in progress:

• Costa-Campi, M. T., Batalla-Bejerano, J., & Trujillo-Baute, E. Collateral effects of liberalisation process: metering, losses, load profiles and cost settlement in Spanish electricity system. Forthcoming Energy Policy.
• Huisman, R., & Trujillo-Baute, E. Costs of power supply flexibility: the indirect impact of a Spanish policy change. Submitted.
• Trujillo-Baute, E. et al. Economic analysis of the impact of regulation in the Power Sector. Work in progress.{/slide}

{slide=Further Research Interests}

Apart from the topics highlighted above there are other research interests which the Chair is aiming to focus upon in the near future. Those topics are the following:

• Energy Efficiency
• Storage
• CO2 capture and storage (CCS)
• CO2 markets
• Smart Grids
• Biofuels

{/slide}

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