Water: The Only Factor Influencing the Price of Energy in the Spot Market?
The Brazilian electric energy generation system is based on its hydroelectric power plants, making the country dependent on proper rainfall and, thus, raising the possibility of energy stress situations, such as the energy-rationing scenario observed in the beginning of the century and the latest wa...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | Portuguese |
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Universidade Federal do Rio de Janeiro
2016-04-01
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| Series: | Revista Sociedade, Contabilidade e Gestão |
| Subjects: | |
| Online Access: | http://www.atena.org.br/revista/ojs-2.2.3-06/index.php/ufrj/article/viewFile/2773/2288 |
| _version_ | 1811192863257526272 |
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| author | Vinicius Mothé Maia Bruno Lessa Meireles Marcelo Cabús Klötzle Antonio Carlos Figueiredo Pinto Leonardo Lima Gomes |
| author_facet | Vinicius Mothé Maia Bruno Lessa Meireles Marcelo Cabús Klötzle Antonio Carlos Figueiredo Pinto Leonardo Lima Gomes |
| author_sort | Vinicius Mothé Maia |
| collection | DOAJ |
| description | The Brazilian electric energy generation system is based on its hydroelectric power plants, making the country dependent on proper rainfall and, thus, raising the possibility of energy stress situations, such as the energy-rationing scenario observed in the beginning of the century and the latest water crisis (2014). Moments of water scarcity are followed by an increase in energy prices, which affects the economy as whole. Therefore, it is relevant to understand which factors in the Brazilian Electric System affect the energy price and the individual importance of each. This paper aimed to analyze which the key variables influencing the energy price in the spot market are by using official data from the National Electric System Operator. The used data was from the period July/2001 to July/2014, which was employed in a multiple regression methodology along with time series. The results suggest an inverse relationship between the natural flow of rivers (directly related to rainfall) and the energy price. Moreover, they also point to an inverse relationship between the potential energy stored in reservoirs as water and the energy price. |
| first_indexed | 2024-04-11T23:58:05Z |
| format | Article |
| id | doaj.art-0fe6cc8268f5421c9d86da84a98c7a32 |
| institution | Directory Open Access Journal |
| issn | 1982-7342 1982-7342 |
| language | Portuguese |
| last_indexed | 2024-04-11T23:58:05Z |
| publishDate | 2016-04-01 |
| publisher | Universidade Federal do Rio de Janeiro |
| record_format | Article |
| series | Revista Sociedade, Contabilidade e Gestão |
| spelling | doaj.art-0fe6cc8268f5421c9d86da84a98c7a322022-12-22T03:56:17ZporUniversidade Federal do Rio de JaneiroRevista Sociedade, Contabilidade e Gestão1982-73421982-73422016-04-011112945Water: The Only Factor Influencing the Price of Energy in the Spot Market?Vinicius Mothé Maia0Bruno Lessa Meireles1Marcelo Cabús Klötzle2Antonio Carlos Figueiredo Pinto3Leonardo Lima Gomes4Universidade Federal do Rio de JaneiroPontifícia Universidade Católica do Rio de JaneiroPontifícia Universidade Católica do Rio de JaneiroPontifícia Universidade Católica do Rio de JaneiroPontifícia Universidade Católica do Rio de JaneiroThe Brazilian electric energy generation system is based on its hydroelectric power plants, making the country dependent on proper rainfall and, thus, raising the possibility of energy stress situations, such as the energy-rationing scenario observed in the beginning of the century and the latest water crisis (2014). Moments of water scarcity are followed by an increase in energy prices, which affects the economy as whole. Therefore, it is relevant to understand which factors in the Brazilian Electric System affect the energy price and the individual importance of each. This paper aimed to analyze which the key variables influencing the energy price in the spot market are by using official data from the National Electric System Operator. The used data was from the period July/2001 to July/2014, which was employed in a multiple regression methodology along with time series. The results suggest an inverse relationship between the natural flow of rivers (directly related to rainfall) and the energy price. Moreover, they also point to an inverse relationship between the potential energy stored in reservoirs as water and the energy price.http://www.atena.org.br/revista/ojs-2.2.3-06/index.php/ufrj/article/viewFile/2773/2288Price of Electric EnergyNatural Energy AffluentStored Energy |
| spellingShingle | Vinicius Mothé Maia Bruno Lessa Meireles Marcelo Cabús Klötzle Antonio Carlos Figueiredo Pinto Leonardo Lima Gomes Water: The Only Factor Influencing the Price of Energy in the Spot Market? Revista Sociedade, Contabilidade e Gestão Price of Electric Energy Natural Energy Affluent Stored Energy |
| title | Water: The Only Factor Influencing the Price of Energy in the Spot Market? |
| title_full | Water: The Only Factor Influencing the Price of Energy in the Spot Market? |
| title_fullStr | Water: The Only Factor Influencing the Price of Energy in the Spot Market? |
| title_full_unstemmed | Water: The Only Factor Influencing the Price of Energy in the Spot Market? |
| title_short | Water: The Only Factor Influencing the Price of Energy in the Spot Market? |
| title_sort | water the only factor influencing the price of energy in the spot market |
| topic | Price of Electric Energy Natural Energy Affluent Stored Energy |
| url | http://www.atena.org.br/revista/ojs-2.2.3-06/index.php/ufrj/article/viewFile/2773/2288 |
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