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setting fixed charges based on the predicted willingness-to-pay of each household. Household data from Colombia are used to …
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Under collusion, firms deviate from current profit maximization in anticipation of future rewards. As current profit maximization places little restrictions on firms’ pricing behaviour, collusive conduct is hard to infer. We show that bids from certain firms in the Colombian wholesale...
Persistent link: https://www.econbiz.de/10014357630
We study the effect of severe climatic impacts on retail electricity prices by focusing on the Colombian market. We design a structural model to understand the formation of retail prices. Later, the model is used to study how prices behave both in normal and severe weather conditions. The...
Persistent link: https://www.econbiz.de/10014358268
Weather conditions in Colombia vary greatly throughout the territory and therefore the location of electricity … generating plants of Colombia on bid prices, generation, energy inputs and positive reconciliation over the period January 2005 …
Persistent link: https://www.econbiz.de/10012933971
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eléctrica en Colombia, implementado en 2006 con el fin de incentivar a los generadores existentes o nuevos inversionistas para … energía mayorista. Se describe el funcionamiento de este mecanismo en Colombia y analiza el comportamiento de algunas … generation reliability on the spot price of the electricity market in Colombia, a mechanism implemented in 2006 to encourage …
Persistent link: https://www.econbiz.de/10013027758
in Colombia and on the economical analysis of the effects on the social welfare of the consumers and the companies that …
Persistent link: https://www.econbiz.de/10013046745