Redefinition of the Scarcity Price: lessons and recommendations from the Colombian electricity market

The Colombian government introduced a capacity market in order to promote the diversification in the energy matrix and protect users from high prices derived from dry seasonal events. Unfortunately, the flaws in the scarcity price definition- a mechanism that activates the capacity market obligation...

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Bibliographic Details
Main Authors: Emanuel J. Llanos-Perez, Laura M. Hinestroza-Olascuaga
Format: Article
Language:English
Published: EEEIC International Publishing 2016-12-01
Series:Transactions on Environment and Electrical Engineering
Subjects:
Online Access:https://teee.eu/index.php/TEEE/article/view/77