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

Pedro Pablo Calderon-Camacho, Celina Gaitán-Maldonado, Nicolle Valentina Herrera-Pinto, Mario A. Ramos-Veloza
Franky Juliano Galeano-Ramírez, Nicolás Martínez-Cortés, Hernán Dario Perdomo-Sánchez, Marlon Salazar
Catalina Granda-Carvajal, Jesús Enrique Morales-Piñero

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