The future of energy pricing in Brazil

Detalhes bibliográficos
Autor(a) principal: de Castro, Luciano Irineu
Data de Publicação: 2023
Outros Autores: Gonçalves Borges, Gustavo, Fernandes Camilo Simone, Lucas
Tipo de documento: Artigo
Idioma: por
Texto Completo: https://revistas.ufrj.br/index.php/rec/article/view/62026
Resumo: This article describes the general characteristics of the current methodology for economic dispatch and the formation of the Settlement Price of Differences (PLD) used in the Brazilian electric sector, and compares it to the general characteristics of what could be a price system defined by offers in an organized market. The disadvantages of both systems are analyzed. While the current system leads to economic inefficiencies, a model based on offers creates room for price manipulation. However, it is argued that the latter is clearly superior and the dangers it poses can be overcome with careful market design. Market design is not a simple task, therefore, it requires attention so that it is carried out by experts. Perhaps due to these difficulties, the current structure of the sector, its culture, and the reluctance of agents, unfortunately, the process of change may take longer than desirable.
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spelling The future of energy pricing in BrazilO futuro da formação de preços de energia no Brasilde Castro, Luciano IrineuGonçalves Borges, GustavoFernandes Camilo Simone, LucasThis article describes the general characteristics of the current methodology for economic dispatch and the formation of the Settlement Price of Differences (PLD) used in the Brazilian electric sector, and compares it to the general characteristics of what could be a price system defined by offers in an organized market. The disadvantages of both systems are analyzed. While the current system leads to economic inefficiencies, a model based on offers creates room for price manipulation. However, it is argued that the latter is clearly superior and the dangers it poses can be overcome with careful market design. Market design is not a simple task, therefore, it requires attention so that it is carried out by experts. Perhaps due to these difficulties, the current structure of the sector, its culture, and the reluctance of agents, unfortunately, the process of change may take longer than desirable.Este artigo descreve as características gerais da metodologia atual para o despacho econômico e para a formação do Preço de Liquidação de Diferenças (PLD), usado no setor elétrico brasileiro, e o compara com características gerais do que poderia ser um sistema de preços definido por ofertas em um mercado organizado. Reconhecem-se as desvantagens de ambos os sistemas. Se por um lado o sistema atual leva a ineficiências econômicas, um modelo por oferta abre espaço para manipulação de preços. No entanto, argumenta-se que o segundo é claramente superior e os perigos que comporta podem ser contornados por meio de um desenho de mercado criterioso. O desenho do mercado não é simples, portanto, é preciso atenção para que seja conduzido por especialistas. Talvez mesmo por essas dificuldades, pela estrutura atual do setor, por sua cultura e pela reticência dos agentes, o processo de mudanças pode, infelizmente, levar um tempo mais longo do que seria desejável.IE-UFRJ2023-11-23info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArtigo avaliado pelos Paresapplication/pdfhttps://revistas.ufrj.br/index.php/rec/article/view/62026Revista de Economia Contemporânea; Rev. Econ. Contemp., v. 27, 2023Journal of Contemporary Economics; Rev. Econ. Contemp., v. 27, 20231980-5527porhttps://revistas.ufrj.br/index.php/rec/article/view/62026/39389Copyright (c) 2023 Luciano Irineu de Castro, Gustavo Gonçalves Borges, Lucas Fernandes Camilo Simonehttp://creativecommons.org/licenses/by/4.0oai:ojs.pkp.sfu.ca:article/620262023-11-24T18:31:08Z
dc.title.none.fl_str_mv The future of energy pricing in Brazil
O futuro da formação de preços de energia no Brasil
title The future of energy pricing in Brazil
spellingShingle The future of energy pricing in Brazil
de Castro, Luciano Irineu
title_short The future of energy pricing in Brazil
title_full The future of energy pricing in Brazil
title_fullStr The future of energy pricing in Brazil
title_full_unstemmed The future of energy pricing in Brazil
title_sort The future of energy pricing in Brazil
dc.creator.none.fl_str_mv de Castro, Luciano Irineu
Gonçalves Borges, Gustavo
Fernandes Camilo Simone, Lucas
author de Castro, Luciano Irineu
author_facet de Castro, Luciano Irineu
Gonçalves Borges, Gustavo
Fernandes Camilo Simone, Lucas
author_role author
author2 Gonçalves Borges, Gustavo
Fernandes Camilo Simone, Lucas
author2_role author
author
description This article describes the general characteristics of the current methodology for economic dispatch and the formation of the Settlement Price of Differences (PLD) used in the Brazilian electric sector, and compares it to the general characteristics of what could be a price system defined by offers in an organized market. The disadvantages of both systems are analyzed. While the current system leads to economic inefficiencies, a model based on offers creates room for price manipulation. However, it is argued that the latter is clearly superior and the dangers it poses can be overcome with careful market design. Market design is not a simple task, therefore, it requires attention so that it is carried out by experts. Perhaps due to these difficulties, the current structure of the sector, its culture, and the reluctance of agents, unfortunately, the process of change may take longer than desirable.
publishDate 2023
dc.date.none.fl_str_mv 2023-11-23
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Artigo avaliado pelos Pares
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv https://revistas.ufrj.br/index.php/rec/article/view/62026
url https://revistas.ufrj.br/index.php/rec/article/view/62026
dc.language.none.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://revistas.ufrj.br/index.php/rec/article/view/62026/39389
dc.rights.none.fl_str_mv http://creativecommons.org/licenses/by/4.0
rights_invalid_str_mv http://creativecommons.org/licenses/by/4.0
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv IE-UFRJ
publisher.none.fl_str_mv IE-UFRJ
dc.source.none.fl_str_mv Revista de Economia Contemporânea; Rev. Econ. Contemp., v. 27, 2023
Journal of Contemporary Economics; Rev. Econ. Contemp., v. 27, 2023
1980-5527
repository.name.fl_str_mv
repository.mail.fl_str_mv
_version_ 1789436683421220864

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