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Reconciliaciones y estrategias de oferta en el mercado mayorista de electricidad de Colombia.
- Source :
-
Revista de Metodos Cuantitativos para la Economia y la Empresa . jun2023, Vol. 35, p57-59. 23p. - Publication Year :
- 2023
-
Abstract
- In this paper, we study the relationship between reconciliations in the Colombian electricity market and the bid prices by firms on the spot market. In this work, we propose a model of behavior of the firm to elaborate theoretical predictions about the relationship between the reconciliations and the bid prices. Subsequently, we developed an empirical strategy to test the predictions of our model. We find that when firms expect their units to have negative reconciliations the next day, they tend to reduce the bid prices for their units. To positive reconciliations, there is no evidence of any relationship. [ABSTRACT FROM AUTHOR]
- Subjects :
- *BID price
*ELECTRICITY markets
*MARKET prices
*SPOT prices
*MARKET pricing
Subjects
Details
- Language :
- Spanish
- ISSN :
- 1886516X
- Volume :
- 35
- Database :
- Academic Search Index
- Journal :
- Revista de Metodos Cuantitativos para la Economia y la Empresa
- Publication Type :
- Academic Journal
- Accession number :
- 164652933
- Full Text :
- https://doi.org/10.46661/revmetodoscuanteconempresa.6058