Instituto de Economía

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Browsing Instituto de Economía by Subject "07 Affordable and clean energy"

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    Efecto del acceso a la electricidad a menor costo en EEUU en la innovación eléctrica a principios del siglo XX
    (2022) Fugellie Carreño, Raúl Lucas; Lafortune, Jeanne; Rosá, Tatiana; Pontificia Universidad Católica de Chile. Instituto de Economía
    Se estudia el efecto que tuvo la masificación de la electricidad en la forma de innovar en EEUU a principios del Siglo XX, empleando una estrategia de Diferencias en diferencias, la cual explota como fuentes de variación el acceso diferenciado que tienen los condados a la electricidad más barata y la intensidad en el uso de la energía que tienen los distintos sectores industriales.
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    Price stabilization & solar plant adoption: evidence from renewable energy transition in Chile
    (2025) Bermúdez Sánchez, Jose Carlo; Montero Ayala, Juan Pablo; González Lira, Andrés; Pontificia Universidad Católica de Chile. Instituto de Economía
    Price stabilization policies have been a key driver of solar power plant adoption amid the ongoing renewable energy transition. This paper studies a policy introduced in Chile that allows generation units with an installed capacity below 9 MWs to opt for selling their electricity at the spot market price or a stabilized price. First, I document that the policy has shaped the size of entrants: there is a remarkable bunching of solar plants around the threshold. Second, I estimate a nested-logit model of solar plant adoption. Counterfactual analysis suggests that, in the absence of the price stabilization policy, 47.5% of the solar capacity would not have been installed at all. Finally, I examine the environmental implications of the policy in terms of thermal generation abatement and estimate an implicit price of 206 USD/ton CO2, above prices observed in cape-and-trade systems nowadays. A geographically targeted design would improve its environmental efficiency at a lower cost.