17th IAEE European Energy Conference, Athens (Greece). 21-24 September 2022
Summary:
The electricity markets of Brazil and Canada are based on a hydrothermal power generation system, characterizable by significant differences in the marginal costs of the generation sector, heavy dependence on weather factors and fossil fuel prices, and small renewable generation capacity [1,2]. The Brazilian electricity market is one of the largest in Latin America and has an installed capacity greater than 174GW, of which 65% correspond to hydro, 20% to renewable sources, and 13% to thermal generation [3]. Similarly, Alberta's electricity market is the only open market in Canada. Alberta generated 81TWh of electricity in 2018, and about 91% is produced by fossil fuels such as natural gas (49%) and coal (43%). The renewable sources, including water, have a weight of 8% in the electricity matrix. Besides, the electricity market is based on a pool market like the Nord-Pool market of Norway, in which electricity is generated and sold through a wholesale market, and the transmission and distribution costs pass-through to final consumers [4-6]. [...]
Publication date: 2022-09-21.
Citation:
A. Oviedo-Gómez, S.M. Londoño Hernández, D-F. Manotas Duque, Directional spillovers between electricity and fossil fuel prices in a hydrothermal power generation market: the case of Brazil and Canada, 17th IAEE European Energy Conference, Athens (Greece). 21-24 September 2022.
