Capacity markets provide guaranteed payments to electricity generation unit owners for having the firm capacity to produce electricity. Historically, these markets are plagued by the weak incentives they provide for plants to be available during …
Concerns about market power have led to regulatory constraints on the price-setting process in nearly all wholesale electricity markets around the world. We study the conditions that led to the exercise of market power in the Colombian wholesale …
In this report we identify the key drivers of observed market outcomes in the Colombian electricity supply industry during the fourth quarter of 2015 and first quarter of 2016, the time period covered by the most recent El Niño Event. We analyze how …