A Structural Model to Evaluate the Transition from Self-Commitment to Centralized Unit Commitment

Número: 
922
Publicado: 
Clasificación JEL: 
Q40, Q42, Q49, L11, L5, L89
Palabras clave: 
Electricity Markets, Self-commitment, Centralized Unit Commitment, Economic Efficiency
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We introduce a dispatch model of Colombia's independent system operator (XM) in order to study the relative merits of self-commitment vs. centralized unit comment. We capitalize on the transition that took place in 2009 from self-unit commitment to centra