Efectos del cargo por confiabilidad sobre el precio spot de la energía eléctrica en colombia

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dc.citation.journalTitleCuadernos De Economia (colombia)
dc.contributor.authorDuque, J.P.B.spa
dc.contributor.authorGarcía, J.J.spa
dc.contributor.authorVelásquez, H.spa
dc.contributor.departmentUniversidad EAFIT. Departamento de Economía y Finanzasspa
dc.contributor.researchgroupResearch in Spatial Economics (RISE)eng
dc.date.accessioned2021-04-12T14:26:14Z
dc.date.available2021-04-12T14:26:14Z
dc.date.issued2016-01-01
dc.description.abstractThis paper considers the effect of electricity generation reliability on the spot price of the electricity market in Colombia, a mechanism implemented in 2006 to encourage existing generators or new investors to increase the installed capacity in the wholesale energy market. We describe the performance of this mechanism in Colombia and analyse the behaviour of some structural variables in the operation of this market, such as the ratio between the market demand and the actual availability, El Niño and La Niña, the reservoir level, and some regulation measures. The spot price presents high volatility implying that the proper specification corresponds to a regression model with ARCH structure (Engle, 1982). Results show that the reliability charge is positive and statistically significant. Also, El Niño has a positive impact on the spot price, due to the large hydraulic share of this market.eng
dc.identifierhttps://eafit.fundanetsuite.com/Publicaciones/ProdCientif/PublicacionFrw.aspx?id=2624
dc.identifier.doihttps://doi.org/10.1007/s12008-014-0236-1
dc.identifier.issn01214772
dc.identifier.issn22484337
dc.identifier.urihttp://hdl.handle.net/10784/28032
dc.language.isospaeng
dc.publisherUniversidad Nacional de Colombia
dc.relation.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-84962033799&doi=10.15446%2fcuad.econ.v35n68.52732&partnerID=40&md5=51b582f91283303f0d15de6813f9a9c3
dc.rightshttps://v2.sherpa.ac.uk/id/publication/issn/0121-4772
dc.sourceCuadernos De Economia (colombia)
dc.subject.keywordARCHeng
dc.subject.keywordColombiaeng
dc.subject.keywordReliability of generationeng
dc.subject.keywordSpot marketeng
dc.titleEfectos del cargo por confiabilidad sobre el precio spot de la energía eléctrica en colombiaspa
dc.typearticleeng
dc.typeinfo:eu-repo/semantics/articleeng
dc.typeinfo:eu-repo/semantics/publishedVersioneng
dc.typepublishedVersioneng
dc.type.localArtículospa

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