DOI: 10.1016/j.enpol.2020.111997
论文题名: Electricity market design for low-carbon and flexible systems: Room for improvement in Chile
作者: Muñoz F.D. ; Suazo-Martínez C. ; Pereira E. ; Moreno R.
刊名: Energy Policy
ISSN: 03014215
出版年: 2021
卷: 148 语种: 英语
中文关键词: Decarbonization
; Electricity
; Flexibility
; Market design
英文关键词: Carbon
; Costs
; Electric industry
; Gas emissions
; Greenhouse gases
; Privatization
; Administrative rules
; Distribution services
; Electricity market design
; Flexible system
; Forward market
; Latin America
; Resource adequacy
; Temporal granularity
; Power markets
; carbon emission
; competition (economics)
; electricity generation
; energy market
; energy policy
; power generation
; price dynamics
; Chile
英文摘要: Chile was the first country that privatized all generation, transmission, and distribution services, and introduced competition in the generation segment. Nearly four decades after its creation, many features of the original electricity market design remain unchanged. In this paper, we provide a brief history of the Chilean electricity market and explain its main limitations going forward. Some of these include the use of a cost-based mechanism for spot transactions based on a merit-order curve, low temporal granularity of spot prices, missing forward markets to settle deviations from day-ahead commitments, inefficient pricing of greenhouse gas emissions due to administrative rules, and a capacity mechanism that does not reflect a clear resource adequacy target. Many of these limitations are also present in other electricity markets in Latin America that, when privatized, mirrored many features of the electricity market design in Chile. Failing to address these limitations will provide distorted incentives for the efficient entry and operation of resources that could impart flexibility to the system, increasing the cost of decarbonizing the power sector. © 2020 Elsevier Ltd Citation statistics:
资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/167944
Appears in Collections: 气候变化与战略
There are no files associated with this item.
作者单位: Facultad de Ingeniería y Ciencias, Universidad Adolfo Ibáñez, Santiago, Chile; SPEC Energy Consulting, Santiago, Chile; Department of Electrical Engineering, University of Chile, Santiago, Chile; Instituto Sistemas Complejos de Ingeniería, Santiago, Chile; Imperial College, London, United Kingdom
Recommended Citation:
Muñoz F.D.,Suazo-Martínez C.,Pereira E.,et al. Electricity market design for low-carbon and flexible systems: Room for improvement in Chile[J]. Energy Policy,2021-01-01,148