Services on Demand
Journal
Article
Indicators
Cited by SciELO
Access statistics
Related links
Cited by Google
Similars in SciELO
Similars in Google
Share
Lecturas de Economía
Print version ISSN 0120-2596
Abstract
BARRIENTOS, Jorge et al. A model for forecasting electricity prices in Colombia. Lect. Econ. [online]. 2012, n.77, pp.91-127. ISSN 0120-2596.
This paper investigates the factors that determine electric power prices in the Colombian market. In addition, we carry out a long-run forecasting analysis to pool-traded electric power prices by using Vector Error Correction estimation and neuronal networks. Given the optimistic atmosphere that surrounds the Colombian economy for the coming years, our conclusion is that long-run electric power prices will exhibit an upward trend.
Keywords : price; demand; supply; impulse response function; vectors; neuronal networks.