Contract auctions to assure supply adequacy in an uncertain energy environment

The paper reviews solutions being explored to face the supply problems faced in the Chilean electricity market oven recent years, given unexpected restrictions in natural gas transfers from Argentina. Investment in generation came to a stall, given uncertainties in natural gas supply and the risk to...

Full description

Saved in:
Bibliographic Details
Main Authors: Rudnick, H., Mocarquer, S.
Format: Conference Proceeding
Language:English
Subjects:
auctions
Contracts
electric market
Electricity supply industry
energy dependence
Fuel economy
Government
Hydroelectric power generation
Natural gas
Petroleum
Pipelines
Power generation economics
Power sector deregulation
Protocols
risk allocation
Citations: Items that cite this one
Online Access:Request full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:The paper reviews solutions being explored to face the supply problems faced in the Chilean electricity market oven recent years, given unexpected restrictions in natural gas transfers from Argentina. Investment in generation came to a stall, given uncertainties in natural gas supply and the risk to contract with distributors at regulated prices. A change of law was introduced, incorporating market oriented schemes that aim at transferring market expected long term prices to final consumers, replacing the action of the regulator. An auction scheme was introduced and distributors will make a first call for bids at mid 2006
ISSN:1932-5517
DOI:10.1109/PES.2006.1709563