1. Modelling issues of the Brazilian market design
- Author
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D.P. Mendes, E.A. Santana, I.M.T. Camargo, H.R.A. Nunes, and C.S. Andrade
- Subjects
Microeconomics ,Economic efficiency ,Market analysis ,Electricity market ,Context (language use) ,Business ,Market power ,Energy consumption ,Electric power industry ,Monopoly ,Industrial organization - Abstract
The purpose of this paper is to contribute to the discussion over system and market operation issues in the context of the Brazilian electricity market. The paper presents a brief overview of the Brazilian market design and discusses some emerging challenges of the industry. It is focused on aspects regarding the merger of sub-markets. Issues like locational price signals, market power, economic efficiency and management of transmission constraints are revisited to assess the effects of the merger for final consumers. Case studies have been performed and the results are discussed.
- Published
- 2004
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