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The First Auction of Non-Conventional Renewable Energy in Colombia: Results and Perspectives

Author

Listed:
  • Ricardo Moreno

    (Department of Energy and Mechanical, Universidad Aut noma de Occidente, Cali, Colombia,)

  • Diego Larrahondo

    (Electrical and Environmental Engineer, Universidad Aut noma de Occidente, Cali, Colombia)

Abstract

In Colombia, as a historic milestone, the first long-term auction of non-conventional renewable sources was held in 2019, with the aim of the National Government to take a major step in the energy transition policy. The auction organized by the Ministerio de Minas y Energ a (MME) defined the objectives, rules and type of auction. The results of the first auction indicate that eight project were selected by a pay-as-bid auction scheme, five wind and three solar projects will imitate operations at 2021accounting for 1298.8 MW. This paper presents a review of auction in various countries of South America in order to compare final prices for technology. Finally, this paper discusses perspectives for the energy sector in Colombia according to the implications of this auction.

Suggested Citation

  • Ricardo Moreno & Diego Larrahondo, 2021. "The First Auction of Non-Conventional Renewable Energy in Colombia: Results and Perspectives," International Journal of Energy Economics and Policy, Econjournals, vol. 11(1), pages 528-535.
    • Handle: RePEc:eco:journ2:2021-01-61
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. A.M. Ramirez-Tovar & Ricardo Moreno-Chuquen & Renata Moreno-Quintero, 2022. "Land-use in the Electric Colombian System: Hidden Impacts and Risks of Large-scale Renewable Projects," International Journal of Energy Economics and Policy, Econjournals, vol. 12(2), pages 127-134, March.
    2. Christian M. Moreno Rocha & Jorge D. Melo Boiler & Samira M. Mu oz Pizarro & Leidy M. Mora Higuera & William R. Insignares Conde, 2022. "Evolution, Challenges, and Perspective in the Implementation of Projects with Renewable Energy Sources: Colombia Case," International Journal of Energy Economics and Policy, Econjournals, vol. 12(6), pages 230-236, November.
    3. Diego Larrahondo & Ricardo Moreno & Harold R. Chamorro & Francisco Gonzalez-Longatt, 2021. "Comparative Performance of Multi-Period ACOPF and Multi-Period DCOPF under High Integration of Wind Power," Energies, MDPI, vol. 14(15), pages 1-15, July.
    4. Tolmasquim, Maurício T. & de Barros Correia, Tiago & Addas Porto, Natália & Kruger, Wikus, 2021. "Electricity market design and renewable energy auctions: The case of Brazil," Energy Policy, Elsevier, vol. 158(C).
    5. Juliana Restrepo-Trujillo & Ricardo Moreno-Chuquen & Francy N. Jiménez-García & Wilfredo C. Flores & Harold R. Chamorro, 2022. "Scenario Analysis of an Electric Power System in Colombia Considering the El Niño Phenomenon and the Inclusion of Renewable Energies," Energies, MDPI, vol. 15(18), pages 1-17, September.

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    More about this item

    Keywords

    Non-conventional Renewable Energy; Energy Policy ; Auction Mechanism.;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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