Program on Energy and Sustainable Development, page(s): 53
August 28, 2019
This report provides recommendations on the six topic areas in the transformation and modernization theme “Competition, participation and structure of the electricity market.” These are: (1) investment, reliability charges, and contracts; (2) generation diversification, of Non-Conventional Renewable Energy Sources (NCRES) and greater number of agents; (3) new services and agents: storage systems and aggregators; (4) restrictions, nodal prices and infrastructure; (5) market structure; and (6) pathways to de-carbonization and implications for market design. These recommendations are aimed at enhancing the efficiency of the short-term electricity market design and the long-term resource adequacy process in Colombia. They also provide policy pathways for the government of Colombia to support the deployment of NCRES, the entry of new market participants and technologies, and the active participation of final consumers in the wholesale market in manner that increase the competitiveness of wholesale and retail market outcomes.