Renewable Energy Auctions in Colombia: Lessons Learned in Energy Policy Design

Julia Gutiérrez; Luis Julián Zuluaga; Juan Carlos Giraldo; Katharina Grosso

doi:10.1109/FISECIGRE48012.2019.8985013

Renewable Energy Auctions in Colombia: Lessons Learned in Energy Policy Design

Julia Gutiérrez
, Luis Julián Zuluaga
, Juan Carlos Giraldo
, Katharina Grosso

Ministerio de Minas y Energía

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

2 Scopus citations

Abstract

This paper presents an overview of the energy auctions for long-term contracts in Colombia. It emphasizes its main design features, the rationale for choosing them according to the local context and the effects observed in terms of number of bidders, rate of disqualified bids, product attractiveness and PPA bankability. The analysis highlights the policy dilemma when attempting to balance complete opposing interests among electricity suppliers and retailers. The results are in line with the lock-in theory reinforcing the need for specific government intervention in the electricity market.

Original language	English
Title of host publication	2019 FISE-IEEE/CIGRE Conference - Living the Energy Transition, FISE/CIGRE 2019
Publisher	Institute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)	9781728142302
DOIs	https://doi.org/10.1109/FISECIGRE48012.2019.8985013
State	Published - Dec 2019
Externally published	Yes
Event	2019 FISE-IEEE/CIGRE Conference - Living the Energy Transition, FISE/CIGRE 2019 - Medellin, Colombia Duration: 04 Dec 2019 → 06 Dec 2019

Publication series

Name	2019 FISE-IEEE/CIGRE Conference - Living the Energy Transition, FISE/CIGRE 2019

Conference

Conference	2019 FISE-IEEE/CIGRE Conference - Living the Energy Transition, FISE/CIGRE 2019
Country/Territory	Colombia
City	Medellin
Period	04/12/19 → 06/12/19

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy

Keywords

Energy policy
auctions
renewables

Access to Document

10.1109/FISECIGRE48012.2019.8985013

Cite this

Gutiérrez, J., Zuluaga, L. J., Giraldo, J. C., & Grosso, K. (2019). Renewable Energy Auctions in Colombia: Lessons Learned in Energy Policy Design. In 2019 FISE-IEEE/CIGRE Conference - Living the Energy Transition, FISE/CIGRE 2019 Article 8985013 (2019 FISE-IEEE/CIGRE Conference - Living the Energy Transition, FISE/CIGRE 2019). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/FISECIGRE48012.2019.8985013

Gutiérrez, Julia ; Zuluaga, Luis Julián ; Giraldo, Juan Carlos et al. / Renewable Energy Auctions in Colombia : Lessons Learned in Energy Policy Design. 2019 FISE-IEEE/CIGRE Conference - Living the Energy Transition, FISE/CIGRE 2019. Institute of Electrical and Electronics Engineers Inc., 2019. (2019 FISE-IEEE/CIGRE Conference - Living the Energy Transition, FISE/CIGRE 2019).

@inproceedings{29c15bec4cf845d59ca1c33d60e3494b,

title = "Renewable Energy Auctions in Colombia: Lessons Learned in Energy Policy Design",

abstract = "This paper presents an overview of the energy auctions for long-term contracts in Colombia. It emphasizes its main design features, the rationale for choosing them according to the local context and the effects observed in terms of number of bidders, rate of disqualified bids, product attractiveness and PPA bankability. The analysis highlights the policy dilemma when attempting to balance complete opposing interests among electricity suppliers and retailers. The results are in line with the lock-in theory reinforcing the need for specific government intervention in the electricity market.",

keywords = "Energy policy, auctions, renewables",

author = "Julia Guti{\'e}rrez and Zuluaga, \{Luis Juli{\'a}n\} and Giraldo, \{Juan Carlos\} and Katharina Grosso",

note = "Publisher Copyright: {\textcopyright} 2019 IEEE.; 2019 FISE-IEEE/CIGRE Conference - Living the Energy Transition, FISE/CIGRE 2019 ; Conference date: 04-12-2019 Through 06-12-2019",

year = "2019",

month = dec,

doi = "10.1109/FISECIGRE48012.2019.8985013",

language = "English",

series = "2019 FISE-IEEE/CIGRE Conference - Living the Energy Transition, FISE/CIGRE 2019",

publisher = "Institute of Electrical and Electronics Engineers Inc.",

booktitle = "2019 FISE-IEEE/CIGRE Conference - Living the Energy Transition, FISE/CIGRE 2019",

address = "United States",

}

Gutiérrez, J, Zuluaga, LJ, Giraldo, JC & Grosso, K 2019, Renewable Energy Auctions in Colombia: Lessons Learned in Energy Policy Design. in 2019 FISE-IEEE/CIGRE Conference - Living the Energy Transition, FISE/CIGRE 2019., 8985013, 2019 FISE-IEEE/CIGRE Conference - Living the Energy Transition, FISE/CIGRE 2019, Institute of Electrical and Electronics Engineers Inc., 2019 FISE-IEEE/CIGRE Conference - Living the Energy Transition, FISE/CIGRE 2019, Medellin, Colombia, 04/12/19. https://doi.org/10.1109/FISECIGRE48012.2019.8985013

Renewable Energy Auctions in Colombia: Lessons Learned in Energy Policy Design. / Gutiérrez, Julia; Zuluaga, Luis Julián; Giraldo, Juan Carlos et al.
2019 FISE-IEEE/CIGRE Conference - Living the Energy Transition, FISE/CIGRE 2019. Institute of Electrical and Electronics Engineers Inc., 2019. 8985013 (2019 FISE-IEEE/CIGRE Conference - Living the Energy Transition, FISE/CIGRE 2019).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

TY - GEN

T1 - Renewable Energy Auctions in Colombia

T2 - 2019 FISE-IEEE/CIGRE Conference - Living the Energy Transition, FISE/CIGRE 2019

AU - Gutiérrez, Julia

AU - Zuluaga, Luis Julián

AU - Giraldo, Juan Carlos

AU - Grosso, Katharina

PY - 2019/12

Y1 - 2019/12

N2 - This paper presents an overview of the energy auctions for long-term contracts in Colombia. It emphasizes its main design features, the rationale for choosing them according to the local context and the effects observed in terms of number of bidders, rate of disqualified bids, product attractiveness and PPA bankability. The analysis highlights the policy dilemma when attempting to balance complete opposing interests among electricity suppliers and retailers. The results are in line with the lock-in theory reinforcing the need for specific government intervention in the electricity market.

AB - This paper presents an overview of the energy auctions for long-term contracts in Colombia. It emphasizes its main design features, the rationale for choosing them according to the local context and the effects observed in terms of number of bidders, rate of disqualified bids, product attractiveness and PPA bankability. The analysis highlights the policy dilemma when attempting to balance complete opposing interests among electricity suppliers and retailers. The results are in line with the lock-in theory reinforcing the need for specific government intervention in the electricity market.

KW - Energy policy

KW - auctions

KW - renewables

UR - https://www.scopus.com/pages/publications/85082452324

U2 - 10.1109/FISECIGRE48012.2019.8985013

DO - 10.1109/FISECIGRE48012.2019.8985013

M3 - Conference contribution

AN - SCOPUS:85082452324

T3 - 2019 FISE-IEEE/CIGRE Conference - Living the Energy Transition, FISE/CIGRE 2019

BT - 2019 FISE-IEEE/CIGRE Conference - Living the Energy Transition, FISE/CIGRE 2019

PB - Institute of Electrical and Electronics Engineers Inc.

Y2 - 4 December 2019 through 6 December 2019

ER -

Gutiérrez J, Zuluaga LJ, Giraldo JC, Grosso K. Renewable Energy Auctions in Colombia: Lessons Learned in Energy Policy Design. In 2019 FISE-IEEE/CIGRE Conference - Living the Energy Transition, FISE/CIGRE 2019. Institute of Electrical and Electronics Engineers Inc. 2019. 8985013. (2019 FISE-IEEE/CIGRE Conference - Living the Energy Transition, FISE/CIGRE 2019). doi: 10.1109/FISECIGRE48012.2019.8985013

Renewable Energy Auctions in Colombia: Lessons Learned in Energy Policy Design

Abstract

Publication series

Conference

UN SDGs

Keywords

Access to Document

Other files and links

Fingerprint

Cite this