Renewables for supporting supply adequacy in Colombia

Sebastian Zapata, Monica Castaneda, Andres J. Aristizabal and Isaac Dyner

Energy, 2022, vol. 239, issue PC

Abstract: This paper aims to provide a better understanding of the impact of the rapid and large-scale inclusion of renewables in electricity markets. This depends significantly on the initial technology composition of each market. For instance, when there is a large hydroelectricity component, with significant reservoir capacity (i.e., storage capability that behaves as a battery to the system), the inclusion of renewables can apparently be achieved more quickly, and further it seems that a secure and low-cost transition to a 100% renewable power system can be achieved. A computational model was implemented for policy analysis of alternative capacity expansion scenarios, particularly seeking supply adequacy in the Colombian electricity context. This paper concludes that by 2035 a 100% renewable power system is feasible in Colombia, and that the complementarity between hydro, solar and wind energies is key for achieving supply adequacy – and without the need for fossil fuel facilities as a backup.

Keywords: Electricity auctions; Renewables; Complementarity; System dynamics; Supply adequacy; Renewable variability (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:239:y:2022:i:pc:s0360544221024051

DOI: 10.1016/j.energy.2021.122157

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