NDLI: Opportunities for seasonal forward contracts in the Colombian electricity market

Content Provider	IEEE Xplore Digital Library
Author	Barrientos, J. Tobon, D. Villada, F. Velilla, E. Lopez-Lezama, J.M.
Copyright Year	2014
Description	Author affiliation: Res. Group on Appl. Microeconomics, Antioquia Univ., Medellin, Colombia (Barrientos, J.; Tobon, D.) \|\| Electr. Eng. Dept., Antioquia Univ., Medellin, Colombia (Villada, F.; Velilla, E.; Lopez-Lezama, J.M.)
Abstract	A characteristic feature of electricity prices in countries that highly depend on their hydrology resources is their great volatility. Therefore, it is expected that market participants enroll in forward and bilateral electricity contracts to reduce their risk and hedge from price volatility. Bearing in mind the seasonality of water resources in Colombia it is sensible to think of an energy contracting mechanism that would take advantage of it. Such mechanism is the so called seasonal forward contract that would provide lower energy prices during the rainy season so that customers (such as energy intensive industries) are encouraged to increase their demand, leading to a scenario that would benefit both, generators and consumers. This paper presents a review on electricity prices and their relationship with hydrology as well as a discussion over the opportunities on seasonal forward contracting in the Colombian electricity market and its potential advantages.
Starting Page	1
Ending Page	5
File Size	224254
Page Count	5
File Format	PDF
e-ISBN	9781479962518
DOI	10.1109/TDC-LA.2014.6955201
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2014-09-10
Publisher Place	Colombia
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Economics Hydrology Forward Contracts Electricity Forward contracts Electricity supply industry Generators Electricity Markets
Content Type	Text
Resource Type	Article

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