IDEAS home Printed from https://ideas.repec.org/a/anp/econom/v7y2006i3p509-529.html
   My bibliography  Save this article

Análise e Avaliação Teórica dos Leilões de Compra de Energia Elétrica Proveniente de Empreendimentos Existentes no Brasil

Author

Listed:
  • Tiago B. Correia

    (MME)

  • Elbia Melo

    (CCEE)

  • Agnes M. da Costa

    (MME)

Abstract

The reform process that the Brazilian electric industry has been undergoing since the mid 90’s suffered a great inflection after the energy rationing of 2001 and the financial crisis of 2002 that followed it. The privatization programs initiated in the previous decade were suspended, which led to the stabilization of a hybrid market composed by private and state owned companies in a competitive environment. As a response to this crisis, a new institutional model was introduced in 2004. It was designed to favor both return on capital and reasonable prices through adequate and efficient mechanisms of negotiation. In this context, regular energy auctions play a new role: to ensure the success of the new institutional model. Considering that the energy produced by existing power plants was meant to be auctioned first, it becomes imperative that possible and alternative auction designs get analyzed. Therefore, this paper aims at approaching the main characteristics of the Brazilian electric industry and finally, discussing the auction results regarding the present situation of the sector and the expectations towards its development.

Suggested Citation

  • Tiago B. Correia & Elbia Melo & Agnes M. da Costa, 2006. "Análise e Avaliação Teórica dos Leilões de Compra de Energia Elétrica Proveniente de Empreendimentos Existentes no Brasil," Economia, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics], vol. 7(3), pages 509-529.
  • Handle: RePEc:anp:econom:v:7:y:2006:i:3:p:509-529
    as

    Download full text from publisher

    File URL: http://www.anpec.org.br/revista/vol7/vol7n3p509_529.pdf
    Download Restriction: no

    More about this item

    Keywords

    Energia Elétrica; Bens Divisíveis; Leilões Simultâneos e Poder de Mercado;

    JEL classification:

    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:anp:econom:v:7:y:2006:i:3:p:509-529. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Rodrigo Zadra Armond). General contact details of provider: http://edirc.repec.org/data/anpecea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.