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Provision of information and reliability insurances in the electricity generation spot market in Colombia

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Author Info

  • David Tobón Orozco

    ()

Abstract

This paper aims to introduce some market mechanisms that can improve reliability in the market for electricity generation in Colombia, these are: 1) to provide additional information to agents in a market which by nature is random and 2) reliability insurances, recognizing that the demands are highly inflexible. We also develop an application to show how those mechanisms operate in practice and identify the constraints that must be corrected so that they can operate in this country.

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File URL: ftp://ftp.drivehq.com/cavasco/grupom/UrosarioDavid.pdf
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Bibliographic Info

Paper provided by Universidad de Antioquia, Departamento de Economía in its series Grupo Microeconomía Aplicada with number 020.

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Length: 28 pages
Date of creation: 2001
Date of revision:
Handle: RePEc:lde:grupom:020

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Web page: http://www.udea.edu.co/portal/page/portal/portal/A.InformacionInstitucional/H.UnidadesAcademicas/A.Facultades/CienciasEconomicas
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Postal: Apartado Aéreo 1226, Medellín - Colombia

Related research

Keywords: price forecasting; insurances; reliability; electricity spot market; failures of capacity; energy rationing;

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