Pricing policies in electricity generation contingencies
This paper presents a theoretical research about market mechanisms which permit to allocate resources efficiently and to reach optimum reliability in markets subject to volatilities as electricity generation. Specially the necessity to provide additional information concerning prices and contigencies forecasts to improve allocation through spot prices is emphasized. It is also proposed to define a market of reliability insurance, which allows both to minimize social costs in the presence of contingencies in the system and to determine competitively optimum capacity. Then the applicability of these proposals in a market with technical restrictions that has to be coordinated by a central coordinator is evaluated. Finally, the most relevant conclusions are included as well as some research recommendations derived from this work.
|Date of creation:||1999|
|Contact details of provider:|| Web page: http://www.udea.edu.co/portal/page/portal/portal/A.InformacionInstitucional/H.UnidadesAcademicas/A.Facultades/CienciasEconomicas|
More information through EDIRC
|Order Information:|| Postal: Apartado Aéreo 1226, Medellín - Colombia|
When requesting a correction, please mention this item's handle: RePEc:lde:grupom:013. 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: (Carlos Andrés Vasco Correa)
If references are entirely missing, you can add them using this form.