Title :
Forecasting the Chilean short-term electricity market behavior under a new proposed regulation
Author :
Barquín, Julián ; Centeno, Efraim ; López-Nicolás, Antonio ; Quinteros, Rodrigo
Author_Institution :
Inst. de Investigacion Tecnologica, Univ. Pontificia Comillas, Madrid, Spain
Abstract :
This paper presents a study on the likely behavior of a daily electricity market proposed to operate in the Chilean system. The simulation has been carried out by using the tool VALORE, able to model oligopolistic behaviors. Conclusions on the desirable degree of long-term contracts are obtained. The theoretical basis of the simulation tool is also explained.
Keywords :
load forecasting; power markets; power system economics; power system interconnection; power system planning; power system simulation; Chilean short-term electricity market; VALORE; interconnected power systems; oligopolistic; power system economics; power system planning; Computational modeling; Contracts; Economic forecasting; Electricity supply industry; Electricity supply industry deregulation; Power system economics; Power system interconnection; Power system modeling; Power system planning; Power system simulation;
Conference_Titel :
Power Tech Conference Proceedings, 2003 IEEE Bologna
Print_ISBN :
0-7803-7967-5
DOI :
10.1109/PTC.2003.1304777
