The Spanish distribution system for oil products: an obstacle to competition?

I Contı́n, A Correljé, E Huerta - Energy Policy, 2001 - Elsevier
Energy Policy, 2001Elsevier
This paper examines why the formal liberalization of the Spanish market for automotive fuels
did not introduce competition in the sector. Against the background of the transformation of
the country's oil industry, it is shown how the Spanish distribution system emerged as the
essential facility within the formally liberalized oil products market.'Light-handed'regulation,
in combination with the prevailing ownership structure turned the system into an impediment
to newcomers' activities and to competition. This suggests that an evaluation of regulatory …
This paper examines why the formal liberalization of the Spanish market for automotive fuels did not introduce competition in the sector. Against the background of the transformation of the country's oil industry, it is shown how the Spanish distribution system emerged as the essential facility within the formally liberalized oil products market. ‘Light-handed’ regulation, in combination with the prevailing ownership structure turned the system into an impediment to newcomers’ activities and to competition. This suggests that an evaluation of regulatory options for distribution systems in specific markets should take into due account crucial market characteristics like concentration and specific ownership/control relationships.
Elsevier
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