A structural model to evaluate the transition from self-commitment to centralized unit commitment
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Borradores de Economía; No. 922
Date published
2016-02-03
Date
2016-02-03
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spa
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.
Abstract
We introduce a dispatch model of Colombia's independent system operator (XM) in order to study the relative merits of self-commitment vs. centralized unit comment. We capitalize on the transition that took place in 2009 from self-unit commitment to centra
Description
JEL Codes
L89 - Industry Studies: Services: Other
Q40 - Energy: General
Q42 - Alternative Energy Sources
Q49 - Energy: Other
L11 - Production, Pricing, and Market Structure; Size Distribution of Firms
L5 - Regulation and Industrial Policy
Q40 - Energy: General
Q42 - Alternative Energy Sources
Q49 - Energy: Other
L11 - Production, Pricing, and Market Structure; Size Distribution of Firms
L5 - Regulation and Industrial Policy
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Keywords
Electricity markets, Self-commitment, Centralized unit commitment, Economic efficiency, Market power
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Esta obra está bajo licencia internacional Creative Commons Reconocimiento-NoComercial 4.0.
Este documento ha sido depositado por parte de el(los) autor(es) bajo la siguiente constancia de depósito