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Market-value of Renewables in the Young Mexican Power Market

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  • David Talavera-Zabre

    (Independent Researcher*, México)

Abstract

Esta investigación pretende encontrar el efecto que las renovables tienen para reducir el precio de la electricidad en México ("merit-order effect" o "MOE"). Usando datos del 01/enero/2017 al 31/diciembre/2019, se usó un modelo de regresión linear para examinar empíricamente el "MOE". Los datos muestran un "MOE" de MXN$0.10/MWh por MWh de renovables. Escalando al promedio de generación renovable, el "MOE" promedio es 13.5% del precio promedio de la electricidad. Hay evidencia de que el "MOE" no es linear y que es diferente entre la energía eólica y la energía solar. El valor de mercado de las renovables fue solo 93% del resto del sistema. Las partes interesadas deberían diferenciar entre el precio promedio de la electricidad y el precio recibido por cada planta. Conforme el "MOE" se convierta en un parte integral de la evaluación de inversiones, el comportamiento de los inversionistas cambiará, impactando el futuro de la mezcla energética. A mi saber, es el primer estudio del "MOE" en un mercado eléctrico joven y en crecimiento en clima cálido (diferencias fundamentales con investigaciones anteriores).

Suggested Citation

  • David Talavera-Zabre, 2022. "Market-value of Renewables in the Young Mexican Power Market," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 17(4), pages 1-27, Octubre -.
    • Handle: RePEc:imx:journl:v:17:y:2022:i:4:a:7
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    More about this item

    Keywords

    Mercado eléctrico; renovables; orden de despacho eléctrico; valor de mercado de renovables;
    All these keywords.

    JEL classification:

    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources

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