Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/286301 
Title (translated): 
Reconciliations and bid strategies in the Colombian wholesale electricity market
Year of Publication: 
2023
Citation: 
[Journal:] Revista de Métodos Cuantitativos para la Economía y la Empresa [ISSN:] 1886-516X [Volume:] 35 [Year:] 2023 [Pages:] 57-79
Publisher: 
Universidad Pablo de Olavide, Sevilla
Abstract (Translated): 
In this paper, we study the relationship between reconciliations in the Colombian electricity market and the bid prices by firms on the spot market. In this work,we propose a model of behavior of the firm to elaborate theoretical predictions about the relationship between the reconciliations and the bid prices. Subsequently, we developed an empirical strategy to test the predictions of our model. We find that when firms expect their units to have negative reconciliations the next day, they tend to reduce the bid prices for their units. To positive reconciliations, there is no evidence of any relationship.
Subjects: 
electricity market
spot market
bid strategies
reconciliations
JEL: 
D44
D43
D22
C72
L13
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-sa Logo
Document Type: 
Article

Files in This Item:
File
Size
885.47 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.