Policy assessment platform for the colombian electricity transition by 2050

This paper presents a platform designed to understand the dynamics of the Colombian electricity generation industry, and to facilitate the assessment of alternative policies for the sustainable electricity transition by 2050. The platform is based on a system dynamics model that enables the evaluation of alternative power policies to attain a 100% renewable energy matrix under different scenarios. It aims to overcome the limitations of traditional approaches by incorporating elements such as the complexities inherent in political and social environments that affect electricity systems, mental models, feedback processes that influence policy adoption, and iterative decision-making improvements. With this platform support, it is possible to explore phasing out fossil technologies while maintaining the security of supply by incorporating geothermal, biomass, and batteries, and making good use of system reservoirs. The results indicate that the current system's robustness will be reduced with the eventual phase-out of fossil technologies, highlighting the need to develop technologies such as geothermal and biomass. Other significant findings include the identification of scheduling deficits owing to the seasonality of renewable sources and how the use of small- and large-scale batteries can effectively mitigate this issue.