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Title:	Non-smooth analysis in a national electricity market model: a complex approach
metadata.dc.creator:	Valencia, Johnny Olivar, Gerard Redondo, Johan Manuel Ibarra Vega, Danny Peña Rincón, Carlos
Keywords:	Electricity market; modeling; simulation; complexity; non-smooth dynamic; supply and demand.
Publisher:	UNAD
metadata.dc.relation:	http://hemeroteca.unad.edu.co/index.php/memorias/article/view/3067/3103 /*ref*/Ahmad, S., Mat, R., Muhammad-sukki, F., Bakar, A., 2016. Application of system dynamics approach in electricity sector modelling : A review. Renew. Sustain. Energy Rev. 56, 29–37. https://doi.org/10.1016/j.rser.2015.11.034 /*ref*/Aracil, J., 1999. On the qualitative propertiesin system dynamics models. Eur. J. Econ. Soc. Syst. 13, 1–18. https://doi.org/10.1051/ejess:1999100 /*ref*/Aracil, J., Gordillo, F., 1997. Dinámica de Sistemas. Alianza Universidad de Textos, Madrid. /*ref*/Cárdenas, L.M., Franco, C.J., Dyner, I., 2015. Assessing emissions-mitigation energy policy under integrated supply and demand analysis: the Colombian case. J. Clean. Prod. https://doi.org/10.1016/j.jclepro.2015.08.089 /*ref*/Castañeda, M., Dyner, I., Franco, C.J., 2015. The effects of decarbonisation policies on the electricity sector. IEEE Lat. Am. Trans. 13, 1407–1413. /*ref*/Di Bernardo, M., Fossas, E., Olivar, G., Vasca, F., 1997. Secondary Bifurcations and High Periodic Orbits in Voltage Controlled Buck Converter. Int. J. Bifurc. Chaos 07, 2755–2771. https://doi.org/10.1142/S0218127497001862 /*ref*/Dyner, I., 2000. Energy modelling platforms for policy and strategy support. J. Oper. Res. Soc. 51, 136–144. /*ref*/Foley, A.M., O Gallachoir, B.P., Hur, J., Baldick, R., McKeogh, E.J., 2010. A strategic review of electricity systems models. Energy 35, 4522–4530. https://doi.org/10.1016/j.energy.2010.03.057 /*ref*/Ford, A., 1999. Cycles in competitive electricity markets: a simulation study of the western United States. Energy Policy 27, 637–658. https://doi.org/10.1016/S0301-4215(99)00050-6 /*ref*/Gary, S., Larsen, E.R., 2000. Improving firm performance in out-of- equilibrium , deregulated markets using feedback simulation models. Energy Policy 28, 845–855. /*ref*/Jebaraj, S., Iniyan, S., 2006. A review of energy models. Renew. Sustain. Energy Rev. 10, 281–311. https://doi.org/10.1016/j.rser.2004.09.004 /*ref*/Ochoa, P., van Ackere, A., 2009. Policy changes and the dynamics of capacity expansion in the Swiss electricity market. Energy Policy 37, 1983–1998. https://doi.org/10.1016/j.enpol.2009.01.044 /*ref*/Ponzo, R., Dyner, I., Arango, S., Larsen, E.R., 2011. Regulation and development of the Argentinean gas market. Energy Policy 39, 1070–1079. https://doi.org/10.1016/j.enpol.2010.11.009 /*ref*/Sterman, J.D., 2000. Business Dynamics, First Edit. ed. Jeffrey J. Shelstad, Massachusetts. /*ref*/Valencia, J., 2016. Síntesis metodológica para el estudio y representación de dinámicas complejas de mercados eléctricos. Universidad Nacional de Colombia. /*ref*/Ventosa, M., Baı́llo, Á., Ramos, A., Rivier, M., 2005. Electricity market modeling trends. Energy Policy 33, 897–913. https://doi.org/10.1016/j.enpol.2003.10.013
metadata.dc.format.*:	application/pdf
metadata.dc.type:	info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Artículo revisado por pares
Description:	In this paper, we show the preliminary results in a proposed a model for the supply and demand of electricity in a domestic market based on system dynamics. Additionally, the model indicates piecewise smooth differential equations arising from the diagram of flows and levels, using dynamical systems theory for the study of the stability of the equilibrium points that have such a system. A bifurcation analysis approach is proposed to define and understand the complex behavior. Until now, no work has been reported related to this topic using bifurcations criteria. The growing interest in personal ways of self-generation using renewable sources can lead the national grid to a standstill and low investment in the system. However, it is essential to preserve the national network as a power supply support to domestic and enterprise demand. To understand this scenario, we include an analysis of zero-rate demand growth. Under this hypothesis, a none smooth bifurcation appears related to a policy which involves the variation of the capacity charge. As a first significant result, we found that it is possible to preserve the investments in the market since, through the capacity charge parameter, the system dynamics can be controlled. Then, from a business approach, it is necessary to know the effects of the capacity charge as the strategic policy in the system generation price scheme.
metadata.dc.source:	Memorias; Workshop and International Seminar on Complexity Sciencies; 58 - 66 2590-4779
URI:	https://repository.unad.edu.co/handle/10596/28804
Other Identifiers:	http://hemeroteca.unad.edu.co/index.php/memorias/article/view/3067 10.22490/25904779.3067
Appears in Collections:	Memorias

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