Modelling electricity markets
Doctoral thesis committee for María Camila Ochoa Jaramillo’s thesis entitled ’Capacity Adequacy in International Electricity Markets’, supervised by Prof. Ann van Ackere, HEC Lausanne.
“Electricity is a strategic service in modern societies. Thus, it is extremely important for governments to be able to guarantee an affordable and reliable supply, which depends to a great extent on an adequate expansion of the generation and transmission capacities. Cross-border integration of electricity markets creates new challenges for the regulators, since the evolution of the market is now influenced by the characteristics and policies of neighbouring countries. [...] Camila Ochoa developed a simulation model to analyse under what circumstances integration is desirable. This model is used to study three cases of interconnection between two countries.
