气候变化领域集成服务门户(CCPortal): Electricity market design for low-carbon and flexible systems: Room for improvement in Chile

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DOI	10.1016/j.enpol.2020.111997
	Electricity market design for low-carbon and flexible systems: Room for improvement in Chile
	Muñoz F.D.; Suazo-Martínez C.; Pereira E.; Moreno R.
发表日期	2021
ISSN	03014215
卷号	148
英文摘要	Chile was the first country that privatized all generation, transmission, and distribution services, and introduced competition in the generation segment. Nearly four decades after its creation, many features of the original electricity market design remain unchanged. In this paper, we provide a brief history of the Chilean electricity market and explain its main limitations going forward. Some of these include the use of a cost-based mechanism for spot transactions based on a merit-order curve, low temporal granularity of spot prices, missing forward markets to settle deviations from day-ahead commitments, inefficient pricing of greenhouse gas emissions due to administrative rules, and a capacity mechanism that does not reflect a clear resource adequacy target. Many of these limitations are also present in other electricity markets in Latin America that, when privatized, mirrored many features of the electricity market design in Chile. Failing to address these limitations will provide distorted incentives for the efficient entry and operation of resources that could impart flexibility to the system, increasing the cost of decarbonizing the power sector. © 2020 Elsevier Ltd
关键词	Decarbonization Electricity Flexibility Market design
英文关键词	Carbon; Costs; Electric industry; Gas emissions; Greenhouse gases; Privatization; Administrative rules; Distribution services; Electricity market design; Flexible system; Forward market; Latin America; Resource adequacy; Temporal granularity; Power markets; carbon emission; competition (economics); electricity generation; energy market; energy policy; power generation; price dynamics; Chile
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/205268
作者单位	Facultad de Ingeniería y Ciencias, Universidad Adolfo Ibáñez, Santiago, Chile; SPEC Energy Consulting, Santiago, Chile; Department of Electrical Engineering, University of Chile, Santiago, Chile; Instituto Sistemas Complejos de Ingeniería, Santiago, Chile; Imperial College, London, United Kingdom
推荐引用方式 GB/T 7714	Muñoz F.D.,Suazo-Martínez C.,Pereira E.,et al. Electricity market design for low-carbon and flexible systems: Room for improvement in Chile[J],2021,148.
APA	Muñoz F.D.,Suazo-Martínez C.,Pereira E.,&Moreno R..(2021).Electricity market design for low-carbon and flexible systems: Room for improvement in Chile.Energy Policy,148.
MLA	Muñoz F.D.,et al."Electricity market design for low-carbon and flexible systems: Room for improvement in Chile".Energy Policy 148(2021).