Transition to centralized unit commitment : an econometric analysis of Colombia’s experience

Number: 
830
Published: 
Classification JEL: 
D22, D44, L94, Q41
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy

This paper evaluates the impact of Resolution CREG 051 on the performance of the electricity markets in Colombia. We found out that productive efficiency has improved since the introduction of the Resolution, that is, the total costs of producing electric