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Analyzing the Hydroelectricity Variability on Power Markets from a System Dynamics and Dynamic Systems Perspective: Seasonality and ENSO Phenomenon.

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Title: Analyzing the Hydroelectricity Variability on Power Markets from a System Dynamics and Dynamic Systems Perspective: Seasonality and ENSO Phenomenon.
Authors: Morcillo, José D.1 (AUTHOR) jose.morcillo@udem.edu.mx, Angulo, Fabiola2 (AUTHOR) fangulog@unal.edu.co, Franco, Carlos J.3 (AUTHOR) cjfranco@unal.edu.co
Source: Energies (19961073). May2020, Vol. 13 Issue 9, p2381. 1p. 10 Diagrams, 2 Charts, 7 Graphs.
Subject Terms: *Dynamical systems, *System dynamics, *Water power, *Market power, El Niño
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. [ABSTRACT FROM AUTHOR]
Database: Energy & Power Source
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Header DbId: enr
DbLabel: Energy & Power Source
An: 143252123
AccessLevel: 6
PubType: Academic Journal
PubTypeId: academicJournal
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  Label: Title
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  Data: Analyzing the Hydroelectricity Variability on Power Markets from a System Dynamics and Dynamic Systems Perspective: Seasonality and ENSO Phenomenon.
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  Data: <searchLink fieldCode="AR" term="%22Morcillo%2C+José+D%2E%22">Morcillo, José D.</searchLink><relatesTo>1</relatesTo> (AUTHOR)<i> jose.morcillo@udem.edu.mx</i><br /><searchLink fieldCode="AR" term="%22Angulo%2C+Fabiola%22">Angulo, Fabiola</searchLink><relatesTo>2</relatesTo> (AUTHOR)<i> fangulog@unal.edu.co</i><br /><searchLink fieldCode="AR" term="%22Franco%2C+Carlos+J%2E%22">Franco, Carlos J.</searchLink><relatesTo>3</relatesTo> (AUTHOR)<i> cjfranco@unal.edu.co</i>
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  Data: <searchLink fieldCode="JN" term="%22Energies+%2819961073%29%22">Energies (19961073)</searchLink>. May2020, Vol. 13 Issue 9, p2381. 1p. 10 Diagrams, 2 Charts, 7 Graphs.
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  Data: *<searchLink fieldCode="DE" term="%22Dynamical+systems%22">Dynamical systems</searchLink><br />*<searchLink fieldCode="DE" term="%22System+dynamics%22">System dynamics</searchLink><br />*<searchLink fieldCode="DE" term="%22Water+power%22">Water power</searchLink><br />*<searchLink fieldCode="DE" term="%22Market+power%22">Market power</searchLink><br /><searchLink fieldCode="DE" term="%22El+Niño%22">El Niño</searchLink>
– Name: Abstract
  Label: Abstract
  Group: Ab
  Data: 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. [ABSTRACT FROM AUTHOR]
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RecordInfo BibRecord:
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        Value: 10.3390/en13092381
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      – Code: eng
        Text: English
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        StartPage: 2381
    Subjects:
      – SubjectFull: Dynamical systems
        Type: general
      – SubjectFull: System dynamics
        Type: general
      – SubjectFull: Water power
        Type: general
      – SubjectFull: Market power
        Type: general
      – SubjectFull: El Niño
        Type: general
    Titles:
      – TitleFull: Analyzing the Hydroelectricity Variability on Power Markets from a System Dynamics and Dynamic Systems Perspective: Seasonality and ENSO Phenomenon.
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            NameFull: Angulo, Fabiola
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              Text: May2020
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              Y: 2020
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              Value: 13
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              Value: 9
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            – TitleFull: Energies (19961073)
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