<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0120-3584</journal-id>
<journal-title><![CDATA[Desarrollo y Sociedad]]></journal-title>
<abbrev-journal-title><![CDATA[Desarro. soc.]]></abbrev-journal-title>
<issn>0120-3584</issn>
<publisher>
<publisher-name><![CDATA[Universidad de los Andes]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0120-35842021000100113</article-id>
<article-id pub-id-type="doi">10.13043/dys.87.4</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Lecciones del Cargo por Confiabilidad en Colombia como un mecanismo de incentivo a la generación de energía eléctrica]]></article-title>
<article-title xml:lang="en"><![CDATA[Lessons from the implementation of the reliability payment mechanism in Colombia as an incentive for electricity generation]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Juvinao Navarro]]></surname>
<given-names><![CDATA[José Camilo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Pontificia Universidad Javeriana  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Colombia</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>04</month>
<year>2021</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>04</month>
<year>2021</year>
</pub-date>
<numero>87</numero>
<fpage>113</fpage>
<lpage>148</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S0120-35842021000100113&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S0120-35842021000100113&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S0120-35842021000100113&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen La consistencia intertemporal de la regulación es un aspecto esencial para el correcto funcionamiento de los incentivos, especialmente en industrias con altos costos hundidos, como, por ejemplo, la generación de energía eléctrica, en la que se han desarrollado diferentes esquemas orientados a garantizar el suministro en el largo plazo. En este sentido, la inestabilidad del marco regulatorio no solo puede impedir el correcto funcionamiento de tales incentivos, sino que, en ocasiones, puede llegar a vulnerar las expectativas legítimas de los agentes involucrados. El objetivo del presente trabajo es estudiar la estabilidad del marco regulatorio en torno al mecanismo de incentivo de largo plazo para la generación de energía aplicado en Colombia, denominado Cargo por Confiabilidad. Los hallazgos sugieren que es necesario fortalecer la independencia de la agencia reguladora y, en el mismo sentido, que la inestabilidad regulatoria ha generado redistribuciones de rentas entre los agentes de las cuales salen mejor librados los grupos de presión mejor organizados. Clasificación JEL: P14, P48, Q48.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract The long-lasting consistency of a regulatory framework is essential for the proper functioning of incentives, particularly in industries such as electricity generation, with high sunk costs where different schemes have been developed to guarantee a long-term supply. In this respect, the instability of the regulatory framework can both impede the proper functioning of such incentives and, on occasion, violate the legitimate expectations of the agents involved. The purpose of this paper is to study the stability of the regulatory framework in terms of the long-term incentive mechanism for power generation applied in Colombia, known as &#8220;Cargo por Confiabilidad.&#8221; The findings of this paper suggest the independence of the regulatory agency must be strengthened and that the instability of the regulatory framework has generated redistributions of income among agents. This study observes that among these agents, the best-organized pressure groups benefit the most from such a redistribution of incomes. JEL Classification: P14, P48, Q48.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[política energética]]></kwd>
<kwd lng="es"><![CDATA[abastecimiento de energía]]></kwd>
<kwd lng="es"><![CDATA[escasez de energía]]></kwd>
<kwd lng="es"><![CDATA[mercados de capacidad]]></kwd>
<kwd lng="es"><![CDATA[estabilidad regulatoria]]></kwd>
<kwd lng="es"><![CDATA[Colombia]]></kwd>
<kwd lng="en"><![CDATA[Energy policy]]></kwd>
<kwd lng="en"><![CDATA[energy supply]]></kwd>
<kwd lng="en"><![CDATA[energy crisis]]></kwd>
<kwd lng="en"><![CDATA[capacity market]]></kwd>
<kwd lng="en"><![CDATA[regulatory stability]]></kwd>
<kwd lng="en"><![CDATA[Colombia]]></kwd>
</kwd-group>
</article-meta>
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