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

Borradores de Economia
Número: 
922
Publicado: 
Clasificación JEL: 
Q40, Q42, Q49, L11, L5, L89
Palabras clave: 
Electricity Markets, Self-commitment, Centralized Unit Commitment, Economic Efficiency

Lo más reciente

Luis E. Arango, Luis E. Arango, Luz Adriana Flórez, Carlos Esteban Posada
Oscar Iván Ávila-Montealegre, Anderson Grajales, Juan José Ospina-Tejeiro, Mario Andrés Ramos-Veloza
Bernardo Romero-Torres, Gerson Javier Pérez-Valbuena, Andrés Felipe García-Suaza, Jaime Alfredo Bonet-Moron

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