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Titel (übersetzt): 
Reconciliations and bid strategies in the Colombian wholesale electricity market
Erscheinungsjahr: 
2023
Quellenangabe: 
[Journal:] Revista de Métodos Cuantitativos para la Economía y la Empresa [ISSN:] 1886-516X [Volume:] 35 [Year:] 2023 [Pages:] 57-79
Verlag: 
Universidad Pablo de Olavide, Sevilla
Zusammenfassung (übersetzt): 
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.
Schlagwörter: 
electricity market
spot market
bid strategies
reconciliations
JEL: 
D44
D43
D22
C72
L13
Persistent Identifier der Erstveröffentlichung: 
Creative-Commons-Lizenz: 
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Dokumentart: 
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