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Joxe Mari Barrutiabengoa
BBVA Research - Economist
Joxe Mari Barrutiabengoa Ortubai has been working as an Economist in BBVA Research's Economic Scenarios Unit since September 2020. He holds a master's degree in Finance from the University Carlos III of Madrid (with honors) and degrees in Business Administration and Management and Economics from the Public University of Navarra (both with honors). He complemented his academic training with stays at the University of Technology of Sydney (Australia) and Carleton University (Canada).
Latest publications
Retail electricity prices are adjusted in response to fluctuations in wholesale markets, shaped by the regulatory policies of each country and, where relevant, consumer willingness to pay a premium to mitigate price volatility.
Lower gas prices, reduced demand and an increased use of renewable energies are the key factors driving a reduction in wholesale electricity prices across Europe. Futures contracts are pointing towards a stabilization of prices in the medium term.
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The reduction in electricity prices in Europe is attributed to the reversal of supply shocks and a decrease in demand. The definitive impact of renewable energies will be delayed until advances in storage systems are achieved, allowing for more effective management of demand peaks.
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