Natalia Fabra, from Universidad Carlos III de Madrid, will present "Unpacking the Distributional Effects of the Energy Crisis: Evidence from the Spanish Electricity".

Abstract: The surge in gas prices triggered by the war in Ukraine led to an unprecedented increase in electricity wholesale prices, which passed through to electricity retail prices. Regulatory interventions in wholesale and retail markets partly mitigated the impacts on consumers. In the context of the Iberian electricity market, this paper quantifies the distributional implications of the energy crisis and the subsequent market interventions, disentangling the distributional effects between consumers and electricity companies and across consumer groups.