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Formación del precio de las transacciones internacionales de electricidad entre Colombia y Ecuador

Author

Listed:
  • John J. García
  • Catalina Gómez
  • Santiago Bohórquez

Abstract

En este artículo se describe la operación de las transacciones internacionales de electricidad entre Colombia y Ecuador, su principal regulación y las características más importantes de ambos mercados haciendo énfasis en la formación del precio. Además se hacen dos ejercicios econométricos, análisis de componentes principales y beta convergencia, para observar si ha existido convergencia en precios entre estos dos países llegando a la conclusión de no convergencia en precios entre los dos mercados. ***** This article describes the operation of the international electric transactions between Colombia and Ecuador, its principal regulation and the most important characteristics of both markets paying special attention to the price formation. There is also two econometrics exercises, principal component analysis and beta convergence, to see if there has been price convergence between these two countries showing that there is no price convergence between both markets.

Suggested Citation

  • John J. García & Catalina Gómez & Santiago Bohórquez, 2012. "Formación del precio de las transacciones internacionales de electricidad entre Colombia y Ecuador," Documentos de Trabajo de Valor Público 10945, Universidad EAFIT.
    • Handle: RePEc:col:000122:010945
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    References listed on IDEAS

    as
    1. Zachmann, Georg, 2008. "Electricity wholesale market prices in Europe: Convergence?," Energy Economics, Elsevier, vol. 30(4), pages 1659-1671, July.
    2. Joanna Wolszczak-Derlacz, 2008. "Price convergence in the EU—an aggregate and disaggregate approach," International Economics and Economic Policy, Springer, vol. 5(1), pages 25-47, July.
    3. Glanchant, J-M. & Pignon, V., 2003. "Nordic Electricity Congestion's Arrangement as a Model for Europe: Physical Constraints or Operators' Opportunity," Cambridge Working Papers in Economics 0313, Faculty of Economics, University of Cambridge.
    4. Lewis Evans & Graeme Guthrie & Steen Videbeck, 2008. "Assessing The Integration Of Electricity Markets Using Principal Component Analysis: Network And Market Structure Effects," Contemporary Economic Policy, Western Economic Association International, vol. 26(1), pages 145-161, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Integracion Energetica; Analisis de componentes Principales; Convergencia en precios; Colombia-Ecuador;
    All these keywords.

    JEL classification:

    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • L8 - Industrial Organization - - Industry Studies: Services

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