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. |
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| 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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