Publicado en diciembre de 2015.
Estudio de Breves de Energía
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Capacity Payments in a Cost- Based Wholesale Electricity Market: The Case of Chile |
Ver/Bajar |
Acomparison of the generator revenue andmarket efficiency implications of an energy and capacity payment market relative to an energy-only market for the cost-based Chilean electricity supply industry finds that, while monthly revenue volatility for generation units is significantly higher for the energy-only market, this is almost entirely explained by an increase in short-term energy price volatility. This increased short-term price volatility provides incentives for market participant behavior that enhances market efficiency and system reliability.
