Transition to centralized unit commitment : an econometric analysis of Colombia’s experience

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Borradores de Economía; No. 830
Date published
2014-07-16
Date of last update
2014-07-16
Author
Castro, Luciano de
Oren, Shmuel
Riascos, Alvaro J.
Bernal, Miguel
Document language
spa
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
This paper evaluates the impact of Resolution CREG 051 on the performance of the electricity markets in Colombia. We found out that productive efficiency has improved since the introduction of the Resolution, that is, the total costs of producing electric
JEL Codes
L94 - Electric UtilitiesD22 - Firm Behavior: Empirical AnalysisD44 - AuctionsQ41 - Energy: Demand and Supply; Prices
Keywords
Energy markets ; Auctions ; Centralized unit commitment ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/6117
https://hdl.handle.net/20.500.12134/6117
https://doi.org/10.32468/be.830
https://ideas.repec.org/p/bdr/borrec/830.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit