Fondo de estabilización de precios de la energía para el fomento de la energía renovable
(Stabilization fund for energy prices to promote renewable energy)
Sebastian Romero (email@example.com), Hugh Rudnick (firstname.lastname@example.org)
Pontificia Universidad Catolica de Chile
This paper appears in: Revista IEEE América Latina
Publication Date: March 2015
Volume: 13, Issue: 3
The formulation of a Price Stabilization Fund to encourage the development of renewable projects is formulated. It seeks to reduce the risks associated with the volatility of the spot market prices, to facilitate access to project financing. This fund acts as a virtual trader, buying energy to developers of renewable projects, offering a fixed stabilized price in the long-term. In turn, the Fund would sell this energy in the spot market at marginal cost, assuming market risks associated with the price variability. The operation of the Fund is evaluated, seeking to determine under which operative conditions it would be viable, and to what extent it is possible to find or define operating parameters to maximize the energy supported by this instrument.
Stabilization fund, renewable energy, price stabilization, energy trading
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