Resumen:
In an attempt to provide electricity generation investors with appropriate economic incentives so as to maintain quality of supply at socially optimal levels, a growing number of electricity market regulators have opted for implementing a security of supply mechanism based on long-term auctions. In this context, the ability to analyze long-term investment dynamics is a key issue not only for market agents, but also for regulators. This paper describes a model developed to serve this purpose. A general system-dynamics-inspired methodology has been designed to be able to simulate these long-term auction mechanisms in the formats presently in place. A full-scale simulation based on the Colombian system was conducted to illustrate model capabilities.
Palabras Clave: Security ofsupply; Long-term auctions; Electricity marketmodeling
Índice de impacto JCR y cuartil WoS: 2,723 - Q1 (2011); 9,300 - Q1 (2023)
Referencia DOI:
https://doi.org/10.1016/j.enpol.2010.09.027
Publicado en papel: Enero 2011.
Publicado on-line: Octubre 2010.
Cita:
P. Rodilla, C. Batlle, J. Salazar, J.J. Sánchez, Modeling generation expansion in the context of a security of supply mechanism based on long-term auctions. Application to the Colombian case. Energy Policy. Vol. 39, nº. 1, pp. 176 - 186, Enero 2011. [Online: Octubre 2010]
