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Presentation Description Organization Personnel Activities Misc

Details of the project

Title: A market based proposal for generation capacity payments in Colombia
Authors: M. Rivier J.C. Enamorado T. Gómez C. Vázquez
Dates: November 1999 - March 2000
Contractor: ACOLGEN (Asociación Colombiana de Generadores de Energía Eléctrica)
Research topics:
Description: The project has been developed jointly with Prof. José Ignacio Pérez Arriaga, Commissioner of the Spanish Electricity Regulatory Commission (CNSE). The main goals of the project are: a) the detailed analysis of the methodology that at that time fixes and assigns capacity payments in the Colombian electricity market, b) the identification of the main difficulties and problems, and c) the proposal of a new methodology, theoretically well sounded, to overcome such problems. The proposal is based on the design of reliability contracts (buying options) valued and assigned according to market based mechanisms.



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