Analyzing the hydroelectricity variability on power markets from a system dynamics and dynamic systems perspective: Seasonality and ENSO phenomenon

José D. Morcillo, Fabiola Angulo, Carlos J. Franco

Research output: Contribution to journalArticlepeer-review

1 Citation (Scopus)

Abstract

In this paper, the variations in hydropower generation are addressed considering the seasonality and ENSO (El Niño-Southern Oscillation) episodes. The dynamic hypothesis and the stock-flow structure of the Colombian electricity market were analyzed. Moreover, its dynamic behavior was analyzed by using Dynamic Systems tools aimed at providing deep insight into the system. The MATLAB/Simulink model was used to evaluate the Colombian electricity market. Since we combine System Dynamics and Dynamic Systems, this methodology provides a novel insight and a deeper analysis compared with System Dynamics models and can be easily implemented by policymakers to suggest improvements in regulation or market structures. We also provide a detailed description of the Colombian electricity market dynamics under a broad range of demand growth rate scenarios inspired by the bifurcation and control theory of Dynamic Systems.

Original languageEnglish
Article number2381
JournalEnergies
Volume13
Issue number9
DOIs
Publication statusPublished - May 2020

All Science Journal Classification (ASJC) codes

  • Renewable Energy, Sustainability and the Environment
  • Energy Engineering and Power Technology
  • Energy (miscellaneous)
  • Control and Optimization
  • Electrical and Electronic Engineering

Fingerprint Dive into the research topics of 'Analyzing the hydroelectricity variability on power markets from a system dynamics and dynamic systems perspective: Seasonality and ENSO phenomenon'. Together they form a unique fingerprint.

Cite this