Analyzing the Hydroelectricity Variability on Power Markets from a System Dynamics and Dynamic Systems Perspective: Seasonality and ENSO Phenomenon

Autor:	José D. Morcillo, Fabiola Angulo, Carlos J. Franco
Jazyk:	angličtina
Rok vydání:	2020
Předmět:	system dynamics dynamic systems bifurcations hydroelectricity variability ENSO phenomenon Technology
Zdroj:	Energies, Vol 13, Iss 9, p 2381 (2020)
Druh dokumentu:	article
ISSN:	1996-1073
DOI:	10.3390/en13092381
Popis:	In this paper, the variations in hydropower generation are addressed considering the seasonality and ENSO (El Niño-Southern Oscillation) episodes. The dynamic hypothesis and the stock-flow structure of the Colombian electricity market were analyzed. Moreover, its dynamic behavior was analyzed by using Dynamic Systems tools aimed at providing deep insight into the system. The MATLAB/Simulink model was used to evaluate the Colombian electricity market. Since we combine System Dynamics and Dynamic Systems, this methodology provides a novel insight and a deeper analysis compared with System Dynamics models and can be easily implemented by policymakers to suggest improvements in regulation or market structures. We also provide a detailed description of the Colombian electricity market dynamics under a broad range of demand growth rate scenarios inspired by the bifurcation and control theory of Dynamic Systems.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/ba9c5525c7ca4869a09107da970a38b4 Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF Plný text ve formátu HTML
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