Transition to Centralized Unit Commitment: An Econometric Analysis of Colombia’s Experience
Author
Abstract
Suggested Citation
DOI: 10.32468/be.830
Download full text from publisher
Other versions of this item:
- Álvaro Riascos, Miguel Bernal, Luciano de Castro and Shmuel Oren, 2016. "Transition to Centralized Unit Commitment An Econometric Analysis of Colombia's Experience," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3).
- Luciano de Castro & Shmuel Oren & Alvaro Riascos & Miguel Bernal, 2014. "Transition to Centralized Unit Commitment: An Econometric Analysis of Colombia’s Experience," Borradores de Economia 11932, Banco de la Republica.
References listed on IDEAS
- Ramteen Sioshansi & Emma Nicholson, 2011. "Towards equilibrium offers in unit commitment auctions with nonconvex costs," Journal of Regulatory Economics, Springer, vol. 40(1), pages 41-61, August.
- Ruff, Larry E., 1994. "Stop wheeling and start dealing: Resolving the transmission dilemma," The Electricity Journal, Elsevier, vol. 7(5), pages 24-43, June.
- Erin T. Mansur, 2008.
"Measuring Welfare in Restructured Electricity Markets,"
The Review of Economics and Statistics, MIT Press, vol. 90(2), pages 369-386, May.
- Erin T. Mansur, 2007. "Measuring Welfare in Restructured Electricity Markets," NBER Working Papers 13509, National Bureau of Economic Research, Inc.
- Sioshansi, Ramteen & Oren, Shmuel & O'Neill, Richard, 2010. "Three-part auctions versus self-commitment in day-ahead electricity markets," Utilities Policy, Elsevier, vol. 18(4), pages 165-173, December.
- Severin Borenstein & James B. Bushnell & Frank A. Wolak, 2002. "Measuring Market Inefficiencies in California's Restructured Wholesale Electricity Market," American Economic Review, American Economic Association, vol. 92(5), pages 1376-1405, December.
- Wedad Elmaghraby & Shmuel S. Oren, 1999. "The Efficiency of Multi-Unit Electricity Auctions," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 89-116.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Karimi, Ali & Tarashandeh, Nader & Kouchakzadeh, Amirmasoud & Kouchakmohseni, Farshad & Naghiloo, Mitra, 2022. "Iran's day-ahead electricity market: Structural assessment and solutions," Utilities Policy, Elsevier, vol. 75(C).
- Camelo, Sergio & Papavasiliou, Anthony & de Castro, Luciano & Riascos, Álvaro & Oren, Shmuel, 2018.
"A structural model to evaluate the transition from self-commitment to centralized unit commitment,"
Energy Economics, Elsevier, vol. 75(C), pages 560-572.
- Sergio Camelo & Luciano de Castro & Anthony Papavasiliou & Álvaro Riascos & Shmuel Oren, 2016. "A Structural Model to Evaluate the Transition from Self-Commitment to Centralized Unit Commitment," Borradores de Economia 922, Banco de la Republica de Colombia.
- Sergio Camelo & Anthony Papavasiliou & Luciano de Castro & Alvaro Riascos & Shmuel Oren, 2018. "A structural model to evaluate the transition from self-commitment to centralized unit commitment," LIDAM Reprints CORE 3043, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Sergio Camelo & Luciano de Castro & Anthony Papavasiliou & Álvaro Riascos & Shmuel Oren, 2016. "A Structural Model to Evaluate the Transition from Self-Commitment to Centralized Unit Commitment," Borradores de Economia 14200, Banco de la Republica.
- Jesús M. López-Lezama & David Tobón-Orozco & Esteban Velilla & Jorge Barrientos & Fernando Villada, 2018.
"Long-term seasonal forwards in electricity generation markets: an application to Colombia,"
Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, vol. 37(74), pages 287-314, July.
- Jesús M. López-Lezama & David Tobón-Orozco & Esteban Velilla & Jorge Barrientos & Fernando Villada, 2018. "Long-term seasonal forwards in electricity generation markets: an application to Colombia," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, vol. 37(74), pages 314-287, July.
- John J. García Rendón & Alex F. Pérez-Libreros, 2019. "El precio spot de la electricidad y la inclusión de energía renovable no convencional: evidencia para Colombia," Documentos de Trabajo de Valor Público 17393, Universidad EAFIT.
- Jorge Balat & Juan Esteban Carranza & Juan David Martin & Alvaro Riascos, 2022. "The effects of changes in the regulation of the Colombian wholesale electricity market in a structural model of complex auctions," Borradores de Economia 1211, Banco de la Republica de Colombia.
- Alvaro J. Riascos Villegas & Julian Chitiva & Carlos Salazar, 2022. "Detección de Anomalías y Poder de Mercado en el Sector Eléctrico Colombiano," Borradores de Economia 1217, Banco de la Republica de Colombia.
- Jorge Balat & Juan E. Carranza & Juan D. Martin, 2015.
"Dynamic and Strategic Behavior in Hydropower-Dominated Electricity Markets: Empirical Evidence for Colombia,"
Borradores de Economia
12906, Banco de la Republica.
- Jorge Balat & Juan E. Carranza & Juan D. Martin, 2015. "Dynamic and Strategic Behavior in Hydropower-Dominated Electricity Markets: Empirical Evidence for Colombia," Borradores de Economia 886, Banco de la Republica de Colombia.
- Gallego, Camilo A., 2022. "Intertemporal effects of imperfect competition through forward contracts in wholesale electricity markets," Energy Economics, Elsevier, vol. 107(C).
- Suarez, Carlos, 2022. "Private management and strategic bidding behavior in electricity markets: Evidence from Colombia," Energy Economics, Elsevier, vol. 111(C).
- David Rios & Alex Perez & Jaime Carabali & Luis Meneses, 2024. "Poder de mercado y eventos climáticos adversos en un mercado de electricidad hidro-dominado," Borradores de Economia 1266, Banco de la Republica de Colombia.
- Jorge Barrientos Mar n & Fernando Villada, 2020. "Regionalized Discount Rate to Evaluate Renewable Energy Projects in Colombia," International Journal of Energy Economics and Policy, Econjournals, vol. 10(2), pages 332-336.
- Perez, Alex & Garcia-Rendon, John J., 2021. "Integration of non-conventional renewable energy and spot price of electricity: A counterfactual analysis for Colombia," Renewable Energy, Elsevier, vol. 167(C), pages 146-161.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Camelo, Sergio & Papavasiliou, Anthony & de Castro, Luciano & Riascos, Álvaro & Oren, Shmuel, 2018.
"A structural model to evaluate the transition from self-commitment to centralized unit commitment,"
Energy Economics, Elsevier, vol. 75(C), pages 560-572.
- Sergio Camelo & Luciano de Castro & Anthony Papavasiliou & Álvaro Riascos & Shmuel Oren, 2016. "A Structural Model to Evaluate the Transition from Self-Commitment to Centralized Unit Commitment," Borradores de Economia 14200, Banco de la Republica.
- Sergio Camelo & Anthony Papavasiliou & Luciano de Castro & Alvaro Riascos & Shmuel Oren, 2018. "A structural model to evaluate the transition from self-commitment to centralized unit commitment," LIDAM Reprints CORE 3043, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Sergio Camelo & Luciano de Castro & Anthony Papavasiliou & Álvaro Riascos & Shmuel Oren, 2016. "A Structural Model to Evaluate the Transition from Self-Commitment to Centralized Unit Commitment," Borradores de Economia 922, Banco de la Republica de Colombia.
- Ramteen Sioshansi and Ashlin Tignor, 2012. "Do Centrally Committed Electricity Markets Provide Useful Price Signals?," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4).
- Ramteen Sioshansi & Emma Nicholson, 2011. "Towards equilibrium offers in unit commitment auctions with nonconvex costs," Journal of Regulatory Economics, Springer, vol. 40(1), pages 41-61, August.
- Richstein, Jörn C. & Lorenz, Casimir & Neuhoff, Karsten, 2020.
"An auction story: How simple bids struggle with uncertainty,"
Energy Economics, Elsevier, vol. 89(C).
- Richstein, Jörn C. & Lorenz, Casimir & Neuhoff, Karsten, 2020. "An auction story: How simple bids struggle with uncertainty," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 89, pages 1-1.
- Jörn C. Richstein & Casimir Lorenz & Karsten Neuhoff, 2018. "An Auction Story: How Simple Bids Struggle with Uncertainty," Discussion Papers of DIW Berlin 1765, DIW Berlin, German Institute for Economic Research.
- David P. Brown & Andrew Eckert, 2018.
"Analyzing the Impact of Electricity Market Structure Changes and Mergers: The Importance of Forward Commitments,"
Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 52(1), pages 101-137, February.
- Brown, David P. & Eckert, Andrew, 2016. "Analyzing the Impact of Electricity Market Structure Changes and Mergers: The Importance of Forward Commitments," Working Papers 2016-8, University of Alberta, Department of Economics.
- Severin Borenstein & James Bushnell, 2015.
"The US Electricity Industry After 20 Years of Restructuring,"
Annual Review of Economics, Annual Reviews, vol. 7(1), pages 437-463, August.
- Severin Borenstein & James Bushnell, 2015. "The U.S. Electricity Industry After 20 Years of Restructuring," NBER Working Papers 21113, National Bureau of Economic Research, Inc.
- Erin T. Mansur, 2007.
"Do Oligopolists Pollute Less? Evidence From A Restructured Electricity Market,"
Journal of Industrial Economics, Wiley Blackwell, vol. 55(4), pages 661-689, December.
- Erin T. Mansur, 2007. "Do Oligopolists Pollute Less? Evidence from a Restructured Electricity Market," NBER Working Papers 13511, National Bureau of Economic Research, Inc.
- Fridolfsson, Sven-Olof & Tangerås, Thomas P., 2009. "Market power in the Nordic electricity wholesale market: A survey of the empirical evidence," Energy Policy, Elsevier, vol. 37(9), pages 3681-3692, September.
- David P. Brown & Derek E. H. Olmstead, 2017.
"Measuring market power and the efficiency of Alberta's restructured electricity market: An energy-only market design,"
Canadian Journal of Economics, Canadian Economics Association, vol. 50(3), pages 838-870, August.
- David P. Brown & Derek E. H. Olmstead, 2017. "Measuring market power and the efficiency of Alberta's restructured electricity market: An energy‐only market design," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 50(3), pages 838-870, August.
- Brown, David P. & Olmstead, Derek, 2015. "Measuring Market Power and the Efficiency of Alberta’s Restructured Electricity Market: An Energy-Only Market Design," Working Papers 2015-14, University of Alberta, Department of Economics.
- Schill, Wolf-Peter, 2011.
"Electric Vehicles in Imperfect Electricity Markets: The case of Germany,"
EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 39(10), pages 6178-6189.
- Wolf-Peter, Schill, 2011. "Electric vehicles in imperfect electricity markets: The case of Germany," Energy Policy, Elsevier, vol. 39(10), pages 6178-6189, October.
- Wolf-Peter Schill, 2010. "Electric Vehicles in Imperfect Electricity Markets: A German Case Study," Discussion Papers of DIW Berlin 1084, DIW Berlin, German Institute for Economic Research.
- Brown, David P. & Eckert, Andrew & Shaffer, Blake, 2023.
"Evaluating the impact of divestitures on competition: Evidence from Alberta’s wholesale electricity market,"
International Journal of Industrial Organization, Elsevier, vol. 89(C).
- Brown, David P. & Eckert, Andrew & Shaffer, Blake, 2023. "Evaluating the Impact of Divestitures on Competition: Evidence from Alberta's Wholesale Electricity Market," Working Papers 2023-2, University of Alberta, Department of Economics.
- Zhang, Yiyuan, 2016. "Market Organization and Productive Efficiency: Evidence from the Texas Electricity Market," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235715, Agricultural and Applied Economics Association.
- Carlo Fezzi & Derek Bunn, 2010. "Structural Analysis of Electricity Demand and Supply Interactions," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 72(6), pages 827-856, December.
- Wolf-Peter Schill & Claudia Kemfert, 2011.
"Modeling Strategic Electricity Storage: The Case of Pumped Hydro Storage in Germany,"
The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 59-88.
- Schill, Wolf-Peter & Kemfert, Claudia, 2011. "Modeling Strategic Electricity Storage: The Case of Pumped Hydro Storage in Germany," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 32(3), pages 59-87.
- Wolf-Peter Schill & Claudia Kemfert, 2009. "The Effect of Market Power on Electricity Storage Utilization: The Case of Pumped Hydro Storage in Germany," Discussion Papers of DIW Berlin 947, DIW Berlin, German Institute for Economic Research.
- Rubin, Ofir D. & Babcock, Bruce A., 2011. "A novel approach for modeling deregulated electricity markets," Energy Policy, Elsevier, vol. 39(5), pages 2711-2721, May.
- Brehm, Paul A. & Zhang, Yiyuan, 2021. "The efficiency and environmental impacts of market organization: Evidence from the Texas electricity market," Energy Economics, Elsevier, vol. 101(C).
- Poletti, Stephen, 2021. "Market Power in the New Zealand electricity wholesale market 2010–2016," Energy Economics, Elsevier, vol. 94(C).
- Maria Chiara D?Errico, 2020. "Competition in the Italian electricity market: The unforeseen social welfare losses of reform," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2020(2), pages 75-91.
- Elmaghraby, Wedad J., 2005. "Multi-unit auctions with complementarities: Issues of efficiency in electricity auctions," European Journal of Operational Research, Elsevier, vol. 166(2), pages 430-448, October.
- Petr Spodniak & Mikael Collan & Mari Makkonen, 2017. "On Long-Term Transmission Rights in the Nordic Electricity Markets," Energies, MDPI, vol. 10(3), pages 1-19, March.
More about this item
JEL classification:
- D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
- D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
- L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
- Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
NEP fields
This paper has been announced in the following NEP Reports:- NEP-ENE-2014-08-02 (Energy Economics)
- NEP-LAM-2014-08-02 (Central and South America)
- NEP-REG-2014-08-02 (Regulation)
Statistics
Access and download statisticsCorrections
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:bdr:borrec:830. See general information about how to correct material in RePEc.
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.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Clorith Angélica Bahos Olivera (email available below). General contact details of provider: https://edirc.repec.org/data/brcgvco.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.