IEEE Power & Energy Society General Meeting - IEEE PES GM 2005, San Francisco (United States of America). 12-16 June 2005
Summary:
Since 2002 long-term PPA auctions have been the main mechanisms for energy selling and purchase in the Brazilian power system. With this framework, two issues are of special concern to Government agencies and market agents: (i) testing design of the auction and its impacts on the power sector and (ii) the definition of bidding strategies by Gencos in those auctions, so that maximize their profit adjusted by risk. This work presents new market models and techniques that can be used to monitoring market behavior and assessing potential for market power in those PPA auctions. A realistic application to a 17,000 MW PPA auction (involving 25 billion of US$), occurred in Brazil in early December 2004, will be presented.
Keywords: Power system economics, power system planning, hydroelectric power generation, long-term PPA auctions.
DOI: 
https://doi.org/10.1109/PES.2005.1489399
Published in IEEE PES GM 2005, pp: 1-3, ISBN: 0-7803-9157-8
Publication date: 2005-06-12.
Citation:
L.A. Barroso, A. Street, S. Granville, M. V. Pereira, J. Rosenblatt, J. Cahuano, L.. M. Thomé, Market models & monitoring: assessing new techniques for long-term PPA auctions to support long-run policy decisions in Brazil, IEEE Power & Energy Society General Meeting - IEEE PES GM 2005, San Francisco (United States of America). 12-16 June 2005. In: IEEE PES GM 2005: Conference proceedings, ISBN: 0-7803-9157-8
