Resumen
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.
Idioma original | English |
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Número de artículo | 2381 |
Publicación | Energies |
Volumen | 13 |
N.º | 9 |
DOI | |
Estado | Published - 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