Ensuring Resource Adequacy with Auctions of Options and Forward Contracts
link https://doi.org/10.1109/PES.2007.386169account_box Barroso, L. A.account_box Rudnick Van de Wyngard, Hughaccount_box Moreno, R.account_box Bezerra, B.
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The implementation of auctions of long-term firm energy call options and forward contracts as part of the instruments adopted in emerging countries to ensure resource adequacy is discussed. These mechanisms are being implemented in Latin American nations (Brazil, Chile, Peru, El Salvador and Panama) and fast-growing economies in Europe such as Turkey. Brazil has led this process and in overall has auctioned about 25,000 average MW of contracts, involving about 65 billion USD in financial transactions, while Chile has carried out its first auction in 2006, involving about 1,300 average MW (30% of energy sales of the main interconnected Chilean system expected for 2010). Overall, this mechanism is proving to be adequate to attract investments and ensure resource adequacy.
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| Autor | Barroso, L. A. Rudnick Van de Wyngard, Hugh Moreno, R. Bezerra, B. |
| Título | Ensuring Resource Adequacy with Auctions of Options and Forward Contracts |
| ISSN | 1932-5517 |
| ISBN | 142441296X |
| Fecha de publicación | 2007 |
| Resumen | The implementation of auctions of long-term firm energy call options and forward contracts as part of the instruments adopted in emerging countries to ensure resource adequacy is discussed. These mechanisms are being implemented in Latin American nations (Brazil, Chile, Peru, El Salvador and Panama) and fast-growing economies in Europe such as Turkey. Brazil has led this process and in overall has auctioned about 25,000 average MW of contracts, involving about 65 billion USD in financial transactions, while Chile has carried out its first auction in 2006, involving about 1,300 average MW (30% of energy sales of the main interconnected Chilean system expected for 2010). Overall, this mechanism is proving to be adequate to attract investments and ensure resource adequacy. |
| Derechos | acceso restringido |
| DOI | 10.1109/PES.2007.386169 |
| Editorial | IEEE |
| Enlace | https://doi.org/10.1109/PES.2007.386169 https://ieeexplore.ieee.org/stamp/stamp.jsp?arnumber=4275935 |
| Palabra clave | Forward contracts Instruments Electricity supply industry Europe Investments Power system economics Power generation Pricing Power generation economics Signal generators |
| Publicado en / Colección | IEEE Power Engineering Society General Meeting (2007 : Tampa, FL, Estados Unidos) |
| Tipo de documento | comunicación de congreso |