By Topic

Analysis to the firm energy market proposal for the Colombian electricity market

Sign In

Cookies must be enabled to login.After enabling cookies , please use refresh or reload or ctrl+f5 on the browser for the login options.

Formats Non-Member Member
$33 $13
Learn how you can qualify for the best price for this item!
Become an IEEE Member or Subscribe to
IEEE Xplore for exclusive pricing!
close button

puzzle piece

IEEE membership options for an individual and IEEE Xplore subscriptions for an organization offer the most affordable access to essential journal articles, conference papers, standards, eBooks, and eLearning courses.

Learn more about:

IEEE membership

IEEE Xplore subscriptions

3 Author(s)
J. M. Alzate ; Universidad de los Andes. Bogotá, Colombia ; A. I. Cadena ; J. M. Benavides

Firm energy market proposal for the Colombian electricity market is analyzed. It is based in a product: firm energy - the ability to provide electricity in a dry period - and it includes a financial call option and the physical capability to supply firm energy. This new market coordinates investment in new resources to assure that sufficient firm energy is available in dry periods. Load will be procured under a descendent clock auction format. Although, auctions has been the most efficient allocation mechanism, questions about the possible outcomes using the allocation format designed, and the incentives that participants have to collude or deviate from the true strategies have not been solved, neither questions about the way participants must behave (supply curve shape). This paper summarizes the research work in order to give solution to these problems under a simple methodological approach simulating agents' behavior in auction simulated exercises.

Published in:

Transmission and Distribution Conference and Exposition: Latin America, 2008 IEEE/PES

Date of Conference:

13-15 Aug. 2008