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Cuadernos de Economía

Print version ISSN 0121-4772

Abstract

FRANCO, Carlos Jaime; VELASQUEZ, Juan David  and  CARDONA, David. MICROMUNDO PARA SIMULAR UN MERCADO ELÉCTRICO DE CORTO PLAZO. Cuad. Econ. [online]. 2012, vol.31, n.58, pp.229-256. ISSN 0121-4772.

This work introduces a simulation microworld for an energy spot market. Electric utilities privatization and enforcement of market oriented architectures have been on stage in the electricity generation business for some time; one of the problems with this new approach is that market participants and interested people have not been adequately trained to operate in the new environment, therefore, this work is presented as a tool to ease the learning of the energy spot market architecture. The microworld has a climate model to simulate the El Niño Southern Oscillation(ENSO) and a model to generate the supply price of the generators, besides it is highly customizable, and can simulate diverse types of energy pricing markets.

Keywords : learning; computer simulation; energy markets; energy spot markets; climate models.

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