This paper models the influence of Oceanic Niño Index on the monthly river inflows to the wholesale Colombian electricity market. Since about 80% of electricity production is performed using hydraulic plants, the ...

The restructuring of the electricity-generating industry from protected monopoly to an open competitive market has presented producers with a problem scheduling generation: finding the optimal bidding strategy to maximise ...

The development of the Colombian wholesale energy market has currently allowed it to trade electricity futures in local capital markets. This work aims to design a derivative, which has the price of electricity as the ...

The power industry is changing worldwide from fossil-based energies to renewables, this trend has been mainly fostered by governments seeking to reach decarbonisation. In particular, renewable energies as solar and ...

In principle, this thesis was going to be oriented to study ?hedging strategies for a hydro power producer in the Colombian wholesale market? where stochastic programming would had been the central axis of the work. Even ...

"Electricity is a commodity that behaves unlike others in the way that cannot be stored cheaply, its transport depends on existent electrical networks, and can be generated from different sources. This makes the price of ...

The spot price of electricity is highly skewed and heavy-tailed, as a result of the interaction of different variables that affect that market. Such characteristics impact the design of power plants with different technologies, ...