Colombia Firm Energy Market

  title={Colombia Firm Energy Market},
  author={Peter Cramton and Steven Stoft},
  journal={2007 40th Annual Hawaii International Conference on System Sciences (HICSS'07)},
A firm energy market for Colombia is presented. Firm energy - the ability to provide energy in a dry period - is the product needed for reliability in Colombia's hydro-dominated electricity market. The firm energy market coordinates investment in new resources to assure that sufficient firm energy is available in dry periods. Load procures in an annual auction enough firm energy to cover its needs. The firm energy product includes both a financial call option and the physical capability to… CONTINUE READING

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The Convergence of Market Designs for Adequate Generating Capacity,” white paper for the California Electricity Oversight Board

Cramton, Peter, Steven
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